HSBC Zeroes In On Emerging Markets.

The article reports on the plan of HSBC Global Asset Management (USA) to launch a new mutual fund in the U.S. market approximately every four months for at least a year. According to Deborah Hazell, head of the firm's North American asset management business, the company intends to focus on emerging markets strategies, which it considers as the cornerstone for growing its retail business in the U.S. In April 2012, the firm launched its fifth emerging markets fund, the HSBC Total Return Fund.