Launches & Closures

HSBC launches a leveraged absolute return UCITS fund


HSBC is launching a 200% levered version of the group’s absolute return portfolio the HSBC GIF Global Macro Fund.

The HSBC GIF Global Macro II Fund, like its sister portfolio, is a UCITS III, Luxembourg-domiciled SICAV offering daily liquidity and the same pricing.

Jim Dunsford

The macro investment strategy of the HSBC GIF Global Macro II fund is identical to the original portfolio. Investing in a wide variety of liquid asset classes including cash, equities, bonds and currencies worldwide, the fund seeks to exploit pricing anomalies using complementary quantitative and qualitative based strategies.

Rather than gearing up in a conventional sense, the HSBC GIF Global Macro II portfolio will be constructed by doubling