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Recent article on Interactive investor for HSBC: Thirdly I'd go for HSBC (LSE:HSBA) (NYSE: HSBC.US). Banks can be more volatile investments, but HSBC's position as one of the world's largest banks makes it special. Its earnings will rocket if -- and when -- the developed economies finally reach escape velocity, whilst its dominant position in Asia is a play on China's continuing growth. Meanwhile, its shares trade on a cheap multiple of 10.7 times earnings, with a yield of 5.3%.
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