HSBC Sterling Liquidity Fund Attracts More Than £2 Billion In Assets

HSBC Investments today confirmed that the HSBC Sterling Liquidity Fund has exceeded £2 billion of assets under management. Investors have contributed more than £1 billion of new money into the fund since the beginning of 2005. Its sister fund, the

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HSBC Investments today confirmed that the HSBC Sterling Liquidity Fund has exceeded £2 billion of assets under management. Investors have contributed more than £1 billion of new money into the fund since the beginning of 2005.

Its sister fund, the HSBC Euro Liquidity Fund, has also experienced rapid growth, attracting over €1 billion in assets under management over the same period.

As part of the FSA recognized HSBC Global Liquidity Funds range, the Sterling, Euro and US Dollar funds offer professional investors a flexible and secure complement to bank deposits for their liquidity management needs.

“Liquidity Funds are increasingly seen as a core investment choice alongside traditional bank deposits by corporations and institutions,” said Cynthia Sweeney Barnes, head of liquidity distribution at HSBC Investments in the UK. “Our Global Liquidity Funds are consequently among the fastest growing parts of our business and we have significant ambitions to grow them even further by meeting the needs of our clients.”

HSBC Investments manages over $60 billion in money market assets for clients across the world as at 31 May 2005.

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