HSBC has launched 10 new onshore funds in the United Arab Emirates through its newly established asset management business, the bank announced Monday.
The funds are registered with the Securities & Commodities Authority of the UAE and aim to provide both retail and institutional investors with more investment choices in the region.
These UAE-domiciled funds will offer investors access to globally diversified investment strategies, all managed by HSBC Asset Management’s network of more than 600 investment specialists.
The move represents an expansion of HSBC’s asset management capabilities in the Middle East, creating new options for investors seeking UAE-based investment vehicles with global exposure.
