HSBC GAM to hard-close $1.3bn Asia ex Japan small-cap fund

Closing on 10 May

HSBC Global Asset Management is hard-closing its HSBC GIF Asia ex Japan Equity Smaller Companies fund next month, after strong demand pushed assets under management up to $1.3bn.

The fund, which is managed by Elina Fung and Alex Kwan, will be hard-closed on 10 May, after reaching a size of $1.3bn (£1bn). The move is the result of "significant investor interest" on the back of strong performance, according to HSBC GAM.  The fund, which was launched in 2012, has returned 70% over the three years to 26 April, according to FE, versus an average of 44% from its Equity-Asia Pacific ex Japan sector. HSBC GAM launches duo of bond trackers The vehicle primarily invests in companies in the bottom quartile by market capitalisation of the Asia ex Japan universe, whi...