Wrappers / Structures

HSBC Newcits set for France and Germany...


HSBC UCITS AdvantEdge Fund, which was launched in October 2009 and has $170 million in assets, is now passported for sale in France and Germany.

UCITS funds operate under a "passport system", which means that they can be offered for sale throughout the entire European Union once they have been authorised in one member state.

The fund currently offers six share classes for general distribution. Four share classes were launched in October 2009: euro, US dollar, euro institutional, and US dollar institutional. The sterling and sterling institutional share classes were launched in January 2010. All these share classes