HSBC launches first offshore renminbi fund
HSBC Alternative Investments expanded flagship HSBC GH Fund of Hedge Funds to clients holding renminbi deposits.
The HSBC GH Fund was launched in 1996. This new share class will be the first renminbi fund of hedge funds offering, demonstrating HSBC’s ability to offer clients investment opportunities that capitalise on the rapid growth of the renminbi market.
The GH Fund has delivered strong performance, with an average annual return of the USD share class of 7.49% since inception. The fund already offers currency classes hedged into Euro, Sterling, Swiss Franc, Singapore Dollar, Japanese Yen & Australian Dollar. The introduction of the offshore Renminbi is a significant step and reflects the growing internationalisation of the currency and the ever changing needs of investors.
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Tags: alternative investments, hedge funds, renminbi fund
