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Tuesday, January 13, 2009

HSBC Floating Rate-Long Term Plan discontinues daily dividend option

With effect from 14 January 2009

HSBC Mutual Fund has decided to discontinue the daily dividend of HSBC Floating Rate-Long Term Plan with effect from 14 January 2009.

HSBC Floating Rate-Long Term Plan, an open-ended income scheme was launched in November 2004. The investment objective of the scheme is to generate reasonable return with commensurate risk from a portfolio comprised of floating and fixed rate debt instruments swapped for floating rate returns. The scheme may also invest in fixed rate money market and debt instruments.

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