HSBC Republic has launched its first capital guaranteed fund of hedge funds.
HSBC Alternative Wealth Protector is a multi-featured investment vehicle which offers a combination of capital guarantee at maturity and exposure to a selection of hedge funds.
The minimum investment into the fund is $10,000, with a front-end charge of 3%. The management charge is 1.7% a year, plus 1.75% a year to cover the cost of the capital guarantee.
The fund also allows for a performance fee of 10% on any outperform