HSBC Global Asset Management India launches Asia Pacific Dividend Yield fund

MUMBAI: HSBC Global Asset Management, India, today launched an open ended fund scheme that will invest into HSBC GIF Asia Pacific (Ex Japan) Equity High Dividend Fund.

"This fund allows investors to diversify their investments into the Asia Pacific region employing a dividend yield strategy - a strategy that tends to outperform growth strategies over the long term," HSBC Global Asset Management, India, Chief Executive Officer Puneet Chaddha said in a release issued here.

The HSBC Asia Pacific (ex Japan) Dividend Yield Fund new fund offer opens today and closes on February 17.

The fund will be available for subscription on an ongoing basis. Minimum investment amount is Rs 10,000 and investment can also be made through a systematic investment plan.