HSBC GIF India Equity Fund launches on Generali platform

The HSBC GIF India Equity Fund is now available to international expatriates via the Generali International unit-linked range of funds. The Fund can be accessed through Generali International's regular premium product Vision and single premium product Choice from 1 March 2010.

This link enables Generali International clients to access HSBC's Sanjiv Duggal, one of the most experienced and successful investors in Indian equities globally, within a powerful life insurance based wealth management solution.

In 2009, the HSBC GIF India Equity Fund returned 131.5%, in US dollar terms - ranking it first out of 77 funds, in the Offshore and International Funds, Equity India sector. The fund's benchmark, IFCI INDIA achieved 95.1% for the 12-month period.

Nick Griffin, Head of International Sales at Generali International, said: "We are committed to continually improving and expanding the investment choice offered to our customers. The inclusion of HSBC GIF India Equity means our clients now have a wider choice of high calibre funds investing in this exciting market. The move to link to the HSBC fund is a result of popular demand for the highly experienced manager with a proven strong performance track record."

Mark Newsam, Head of Third Party Distribution at HSBC Global Asset Management, said: "Generali International is one of the most important fund distribution platforms available to international expatriate investors via an international life assurance wrapper. To be selected for inclusion on this platform is testimony to high quality and strong demand for HSBC GIF India Equity."