HSBC Global Asset Management has launched the HSBC Frontier Markets Fund, whose aim is long-term capital appreciation by investing in companies located in or economically tied to frontier market countries. These include such nations as Argentina, Qatar Bangladesh, Kenya, Kazakhstan and Vietnam. The fund will track the Morgan Stanley Capital International Frontier Emerging Markets Index.
HSBC projects that by 2050, the size of the emerging market nations will increase five-fold and become larger than the developed world, with 19 of the 30 largest economies being from the emerging world.
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