HSBC Global Asset Management Launches Liquidity Funds In Nordic Region
HSBC Global Asset Management is to offer liquidity funds to investors in the Nordic region from 15 September 2008. They will be available to clients in Sweden, Finland, Norway Denmark and Iceland, following the recent local registrations of its HSBC US Dollar Liquidity Fund, HSBC Euro Liquidity Fund and HSBC Sterling Liquidity Fund. To facilitate this new liquidity business proposition in the Nordics, HSBC Global Asset Management has appointed Johan Sörensson as a dedicated liquidity sales specialist for this region. Sörensson is based in Stockholm and reports to Sten Ankarcrona, managing director of HSBC Global Asset Management in the Nordics. Sörensson previously worked at HSBC Corporate Banking in the US. There are four main share classes (two accumulation and two income) for the three liquidity funds available within the Nordics. Minimum investments start at £/$/€ 250,000 and £/$/€1m, depending on the share class. The company plans to expand its Nordic offerings during 2009 through the launch of liquidity funds in other currencies.