HSBC New Zealand Introduces Emerging Market Funds

10 August 2009

HSBC New Zealand Introduces Emerging Market Funds

HSBC, the world’s local bank, announces the introduction of four HSBC Global Unit Trusts in the New Zealand market – all with PIE status, and managed by a wholly owned subsidiary company of HSBC Group, HSBC Investments New Zealand Limited.

The new funds expand HSBC’s wealth management offering in New Zealand for HSBC Premier customers. This introduction further enhances HSBC’s Premier personal banking proposition for New Zealanders, and demonstrates added investment in the New Zealand market.

David Griffiths, CEO of HSBC in New Zealand said, “We are delighted to make this further investment in our business in New Zealand. As a member of the HSBC Group which has around 8,500 offices in 86 countries and territories worldwide, we are ideally positioned to help New Zealand customers meet their offshore and international financial goals, and this expansion of our offering also helps to further deepen our position within New Zealand.”

Last year, HSBC launched their personal international banking service, HSBC Premier, providing customers with access to the HSBC global network, uniformity of service across HSBC Premier locations worldwide and a comprehensive range of benefits and privileges. Wealth management, comprising term investments, HSBC Cash Fund, HSBC Term Fund and now HSBC Global Unit Trusts, is a key component of this offering, providing customers with investment options locally and internationally through the HSBC Group. HSBC New Zealand Introduces Emerging Market Funds

“As a truly international full service bank, we are focusing our business on those customers whom we are best placed to serve. In large part, these customers have international interests and need the unique support HSBC’s global capability can offer.

The launch of international wealth management products locally further cements that position we hold. ” David Griffiths said.

The four New Zealand dollar denominated funds in which HSBC Premier customers can invest are the HSBC China Fund, HSBC India Fund, HSBC BRIC Fund and the HSBC Asia ex Japan Fund.

Each of the funds invests primarily in US dollar denominated shares of a particular sub-fund of HSBC Global Investment Funds, which is an investment company incorporated in the Grand Duchy of Luxembourg. The manager of the sub-funds is part of HSBC Global Asset Management, one of the largest managers of emerging market funds worldwide with almost US$70 billion of assets under management in emerging markets. The manager of the sub-funds is a member of the HSBC Group.

Rudolf Apenbrink, Chief Executive Officer of HSBC Global Asset Management, Asia-Pacific said “The introduction of these funds is a great example of HSBC making its global resources available for customers all over the world. We are excited to be a part of bringing the funds to New Zealand investors, providing them with the opportunity to invest in emerging markets that may typically be difficult to enter.”

By introducing HSBC Global Unit Trusts, HSBC is providing New Zealand investors with the opportunity to invest in potentially high growth emerging markets, through one of the world’s largest financial institutions.

HSBC New Zealand Introduces Emerging Market Funds

Notes to Editors

1. The HSBC Group in New Zealand

In New Zealand, HSBC offers an extensive range of financial services through a network of branches and offices. These services include personal and commercial financial services, trade finance, treasury and financial markets, corporate banking, investment advisory and securities custody. The principal HSBC Group member in New Zealand is The Hongkong and Shanghai Banking Corporation Limited, incorporated in Hong Kong SAR, acting through its New Zealand branch.

2. The Hongkong and Shanghai Banking Corporation Limited

The Hongkong and Shanghai Banking Corporation Limited is the founding and a principal member of the HSBC Group which, with around 8, 500 offices in 86 countries and territories and assets of US$2, 422 billion at 30 June 2009, is one of the world’s largest banking and financial services organisations.

3. HSBC Global Asset Management

HSBC Global Asset Management comprises four specialist investment businesses: Halbis, Sinopia, Multimanager and Liquidity. HSBC Global Asset Management acts as the global representative of its specialist investment businesses and manages assets totalling US$390.1 billion at the end of June 2009. As one of the world's leading emerging markets asset management businesses, through its network of offices in over 20 countries around the world, HSBC Global Asset Management has strong relationships with corporates, institutions and financial intermediaries of all sizes and types.

4. Important Information

Units in the Global Unit Trusts are distributed by HSBC and are issued by HSBC Investments New Zealand Limited. The terms and conditions set out in the Global Unit Trusts Investment Statement and Prospectus apply, which are available free of charge at any HSBC office. Units in the Global Unit Trusts do not represent bank deposits or other liabilities of HSBC and are subject to investment risk, including possible delays in repayment and loss of principal invested. No person guarantees HSBC Investments New Zealand Limited or the capital value or performance of the Global Unit Trusts. Eligibility criteria apply to HSBC Premier. Investment Adviser Disclosure Statements are available on request free of charge.

ENDS

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