HSBC SA Ltd offers HSBC Global Emerging Markets Fund

HSBC Global Emerging Markets Equity Fund (GEM) aims to provide long-term capital growth by investing in a diversified portfolio of Shariah-compliant equities with an official listing on a major Stock Exchange or other Regulated Markets of emerging market countries, as well as in equities of companies listed on other Stock Exchanges and Regulated Markets which carry out a substantial part of their economic activities in an emerging market country.

The Fund will pursue its objective through active management of a portfolio of Shariah-compliant equities.

The Fund's investment universe will comprise more than 15 emerging market countries; typical emerging market countries include Brazil, Russia, China, Taiwan, South Korea, Mexico, India and South Africa with a possibility to invest in any geography falling within the scope of emerging markets depending on the emerging opportunities.

Subscription applications will be received during the initial launch period which extends to 05 March 2008. Investment will be available to the Company's customers and other non-company investors. T

he Fund is open-ended and subscription applications will be accepted after the initial launch period. The actual fund investment date will be 06 March 2008. The Fund units will be valued twice a week, and the date for reception of subscription and redemption applications will be before 12:00 PM on Monday in respect of the valuation day of the next Tuesday, and before 12:00 PM on Wednesday in respect of the next Thursday valuation.