MANH July/August 2012 : Page 31

An economy set to become the 16th largest in the world. The striking rise of the Philippines Between now and 2050, the population of the Philippines is expected to grow from 93 to 155 million people, and its working population should increase by more than 75%. This, combined with strong fundamentals like education and income per capita, will help the Philippines’ economy jump a remarkable 27 spots in the economic league table, landing at number 16 in 2050. 1 Indonesia steams ahead Indonesia isn’t far behind in terms of growth potential. The island nation boasts the 4th largest population in the world, and its huge workforce should attract labor-intensive manufacturing over the next 40 years. Increasing production volumes will continue to drive commodity exportation and help the country’s GDP grow by around 4.0% a year, twice that of the developed world. 1 Expect Indonesia to gain back some of the allure it had as an investment destination in the 1990s, and become the 17th largest economy in the world by 2050. Global insights for your personal portfolio Find out how access to the collective knowledge of a global team of analysts can help you diversify and grow your investment portfolio. 2 Call 866.837.2470 to speak with an HSBC Financial Advisor today. 3 To view our full report, “The World in 2050,” visit HSBC Securities (USA) Inc. Source: HSBC, “The World in 2050: From the Top 30 to the Top 100.” Investments and Annuity products are provided by Registered Representatives and Insurance Agents of HSBC Securities (USA) Inc., member NYSE/FINRA/SIPC, a registered Futures Commission Merchant, a wholly-owned subsidiary of HSBC Markets (USA) Inc. and an indirectly wholly-owned subsidiary of HSBC Holdings plc. In California, HSBC Securities (USA) Inc., conducts insurance business as HSBC Securities Insurance Services. License #: 0E67746. Investments and Annuity products: ARE NOT A BANK DEPOSIT OR ARE NOT INSURED ARE NOT GUARANTEED OBLIGATION OF THE BANK OR BY ANY FEDERAL BY THE BANK OR ANY ARE NOT FDIC INSURED MAY LOSE VALUE ANY OF ITS AFFILIATES GOVERNMENT AGENCY OF ITS AFFILIATES All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor. 2 International investing involves a greater degree of risk and increased volatility that is heightened when investing in emerging or frontiers markets. Foreign securities can be subject to greater risks than U.S. investments, including currency fluctuations, less liquid trading markets, greater price volatility, political and economic instability, less publicly available information, and changes in tax or currency laws or monetary policy. 3 To qualify for an HSBC Premier relationship, you need to open a Premier checking account and maintain $100,000 in combined U.S. personal deposits and/or investment balances. Business owners may use their commercial balances to qualify for a personal Premier relationship. A monthly maintenance fee of $50.00 will be incurred if minimum balance requirements are not maintained. You have up to 90 days after account opening to meet the full $100,000 balance requirement. United States persons (including U.S. citizens and residents) are subject to U.S. taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their U.S. and non-U.S. accounts — including, for example, Form TD F 90-22.1 (Report of Foreign Bank and Financial Accounts (“FBAR”)). U.S. persons should consult a tax advisor for more information. Deposit products in the U.S. are offered by HSBC Bank USA, N.A. Member FDIC. ©2012 HSBC Securities (USA) Inc. 1

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