Cash Isa provider HSBC 'responds to demand with new class'

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Cash Isa provider HSBC 'responds to demand with new class'

HSBC has claimed that it launched its hedged sterling share class because of the demand it saw for such an investment solution.

Charles Robinson, head of alternative distribution at the company's Global Asset Management arm, made his comments regarding the changes brought in for its GIF European Equity Alpha and GIF Global Emerging Markets Equity Alpha Funds.

He claimed this amendment was implemented as a result of "domestic demand" and suggested it will be warmly received by many individuals.

"The UK is a critical market for our UCITS III absolute return platform and we appreciate that currency volatility is a risk investors may wish to neutralise," said Mr Robinson.

HSBC pointed out that launching hedged sterling class propositions protects people from associated currency risk.

Last week, the company advised investors that Brazil has shown what a solid investment the country is by the calm behaviour of the markets ahead of the presidential election in October.

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