HSBC Global Asset Management takes advantage of the rising demand for equity funds with the launch of a new product in Hong Kong.

HSBC Global Asset Management, the asset management arm of HSBC Holdings, has expanded its offering in Hong Kong with the launch of a new fund.

The HSBC Global Investment Funds - Global Equity Volatility Focused is designed to provide long-term return by investing in equities with a lower volatility compared to the MSCI All County World Index. The launch is in line with the growing investor demand for equities which are expected to outperform cash in the long run. 

"Equities play an important role in a balanced portfolio. Investors that are interested in gaining exposure to global equities, but are concerned about the impact of fluctuations, may consider a global equity fund that focuses on lowering volatility. This allows investors to participate in the expected upside for equity markets," said Angus Parker, head of developed equities at HSBC GAM, in a statement. 

The fund is open for distribution in Hong Kong with an initial offer period of until 26 June 2014 and a launch on the same date. It is available in six monthly distribution share classes and currencies, including the Hong Kong dollar and the US dollar.