HSBC Sterling Liquidity Fund Attracts £2bn
HSBC Investments announced that the HSBC Sterling Liquidity Fund has exceeded £2bn of assets under management. Investors have poured over £1bn of new money into the fund since the beginning of 2005. Its sister fund, the HSBC Euro Liquidity Fund, has also experienced rapid growth, attracting over €1bn in assets under management over the same period. As part of the FSA-recognised HSBC Global Liquidity Funds range, the sterling, euro and US dollar funds offer professional investors a flexible and secure complement to bank deposits for their liquidity management needs. The funds carry the ratings AAAm from Standard & Poor’s and Aaa/MR1+ from Moody’s.
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