Global Mission, Local Fission

Six reasons to avoid investing in the HSBC Brazil Equity Fund

In our fifth issue, way back in 2006 (Moneylife, 7th May), when fund companies launched another of their gimmicks—foreign funds—we had said, “Fund companies are offering a chance for geographical diversification. There are several reasons why this is not a great idea.” In our 40th issue (Moneylife, 13 September 2007), we wrote:...

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