外文报告：HSBC-ClientCall：2013Multi﹣AssetEMOutlook-130115

abc
Global Research



Loosen your seatbelts
 We retain our positive outlook as we enter 2013: Emerging market assets appear likely
to deliver another year of strong returns
 We expect flows into EM to remain solid; while low volatility is likely to continue to
attract foreign investors into debt, we expect a strong rotation toward equities
 It is time to take more risk: Investors should add exposure to EM equities, remain
invested in hard currency bonds, and selectively extend duration and buy inflation-
linked bonds in local markets
Link: Emerging Markets Strategist: 2013 outlook: Loosen your seatbelts
Speakers
 Pablo Goldberg, Global Head of EM Research
 John Lomax, GEMs Equity Strategist
 Dominic Bunning, Asia FX Strategist
 Pin-Ru Tan, Asia-Pacific Rates Strategist
 Di Luo, EMEA Fixed Income Strategist
 Marjorie Hernandez, LatAm FX Strategist
 Gordian Kemen, Chief LatAm Fixed Income Strategist
 Sarah Leshner, LatAm Corporate Credit Analyst
Call Details
 Call #1: Thursday 17 January 2013 at 5:30 PM HKT/9:30am GMT
Call #2: Thursday 17 January 2013 at 11:00 AM EST/4:00 PM GMT
 Passcode: HSBC; for security reasons the passcode will be required to join the call.
 Ask a question: email ask@http://wendang.chazidian.com to ask a question before or during the call.
 Key dial-in numbers:
Brazil 55-11-3958-0766 // 0800-891-1992
Canada // 866-845-8490
France - Paris 33-1-7070-6276 // 080-510-0831
Germany 49-69-2222-7228 // 0800-000-1654
Hong Kong 852-3001-3846 // 800-900-592
Mexico City 52-55-5062-9164 // 001-866-888-0267
UK - London 44-20-7108-6248 // 44-20-7108-6248
USA 1-210-795-1098 // 866-803-2143
Additional country dial-in options are listed on the following pages.
Replay details
 Call #1: US: 402-998-0972 / 800-839-1156 -- Replay Passcode: 11713
 Call #2: US: 203-369-3634 / 800-839-1172 -- Replay Passcode: 11713
The instant replay will end: February 16, 2013 at 11:59 PM EST
15 January 2013
Pablo Goldberg
Global Head, EM Research
HSBC Securities (USA) Inc.
+1 212 525 8729
pablo.a.goldberg@http://wendang.chazidian.com
John Lomax*
GEMs Equity Strategist
HSBC Bank plc
+44 20 7992 3712
john.lomax@http://wendang.chazidian.com
Dominic Bunning
Asia FX Strategist
The Hongkong and Shanghai Banking
Corporation Limited
+852 2822 1672
dominic.bunning@http://wendang.chazidian.com
Pin-Ru Tan
Asia-Pacific Rates Strategist
The Hongkong and Shanghai Banking
Corporation Limited
+852 2822 4665
pinrutan@http://wendang.chazidian.com
Di Luo
EMEA Fixed Income Strategist
HSBC Bank plc
+44 207 991 6753
di.luo@http://wendang.chazidian.com
Marjorie Hernandez
LatAm FX Strategist
HSBC Securities (USA) Inc.
+1 212 525 4109
marjorie.hernandez@http://wendang.chazidian.com
Gordian Kemen
Chief LatAm Fixed Income Strategist
HSBC Securities (USA) Inc.
+1 212 525 2593
gordian.x.kemen@http://wendang.chazidian.com
View HSBC Global Research at:
http://wendang.chazidian.com
*Employed by a non-US affiliate of
HSBC Securities (USA) Inc, and is not
registered/qualified pursuant to FINRA
regulations.
Issuer of report: HSBC Securities
(USA) Inc.
Disclaimer &
Disclosures
This report must be read
with the disclosures and
the analyst certifications in
the Disclosure appendix,
and with the Disclaimer,
which forms part of it

Multi-Asset – EM
Flashnote

Client Call: 2013 Multi-Asset
EM Outlook
Call #1: Thursday 17 January at 5:30pm HKT/9:30am GMT
Call #2: Thursday 17 January at 11:00am EST/4:00pm GMT