HSBC BRIC paves its way to Australia
The first in a series of HSBC Bank’s structured investment products will hit our shores next week, offering investors exposure to four of the world’s fastest growing economies, Brazil, China, India and Russia .
The Lonsec-recommended product, HSBC BRIC Investment, is a structured six-year investment product with 100 per cent capital protection at maturity.
HSBC head of global markets Tony Cripps said launching the product in Australia is strategically important for the group because Australia is a net exporter of wealth, with a superannuation market sector projected to reach $3.3 trillion by 2017.
“HSBC has already announced the establishment of HSBC Alternative Investments in Australia.
“The HSBC BRIC Investment proposition further supports HSBC’s strategy of making use of the HSBC Group’s global competitive advantage in Australia,” Cripps said.
“We’re identifying wealth management areas that HSBC dominates overseas and bringing those HSBC products, systems and expertise to meet Australian demand — giving Australian investors access to international investment opportunities,” Cripps said.
The product is part of the company’s 100+ series of structured investment products and will be available from May 12.
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