23 June 2010
This press release, provided for information only, is issued for the attention of journalists and does not represent an advertisement or offer to buy or sell. Please refer to our general terms and conditions for further details and information.
Press release
HSBC Private Bank France launches new equity fund: HPWM Option Patrimoine
This fund combines the management performance of the Patrimoine mutual fund with variable hedging against a general fall in the European equities market.
HPWM Option Patrimoine is a UCITS designed to meet the current expectations of investors who are maintaining an extremely cautious attitude to financial market trends.
HPWM Option Patrimoine is designed to benefit from the upside potential of the Patrimoine fund invested in the French equity market while at the same time seeking to cushion significant falls in the European equity markets and to reduce their volatility.
This new fund offers variable and adaptable equity sensitivity to cater for financial market trends.
Through this new financial offering, HSBC Private Bank France is enriching its range of equity funds and meeting the wishes of its clients who are seeking a cautious equities positioning or repositioning.
Wholly invested in the Patrimoine fund, HPWM Option Patrimoine combines two main sources of added value: first, the management quality of the Patrimoine fund, acknowledged for over a decade (Morningstar rating at 30 April 2010: 5 stars) and based on three main criteria:
and secondly, management of the sensitivity to the European equity markets with the implementation of a variable hedging strategy (using options on the DJ EuroStoxx 50 index).
The full text of this update is available in PDF format.
