Fund Management
HSBC Global Asset Management Launches Four OEIC Funds

The firm will host a series of roadshow events to promote the funds in October.
HSBC
Global Asset Management has launched four new open-ended
investment company funds in the UK.
Two of the funds are additional risk-profiled multi-asset global
strategy portfolios and two are global income funds, one
investing in equities and one investing in bonds, the firm
said in a statement.
The HSBC Global Equity Income and HSBC Global High Income Bond
will focus on income generation, and are aimed at investors who
seek to overcome today’s low-interest economy.
The other two funds, HSBC Global Strategy Conservative and HSBC
Global Strategy Adventurous Portfolios will form part of the
multi-asset risk-profiled range, which is now comprised of five
global funds. The HSBC Global Strategy Portfolios globally
diversified and provide active asset allocation product to
investors at a cost of a passive fund. The firm said: “Regular
reviews and adjustments of the asset allocation ensure that the
portfolios do not drift away from their long-term risk
profiles.”
“We know that investors tend to feel more comfortable with their
home market, with those in the UK keeping almost a quarter of
their equity portfolios in UK stocks,” said Andy Clark, chief
executive. “The UK stock market has had a good year due to
companies’ foreign revenues being boosted by a weaker Sterling.
However, the concentration risk implied by a domestic bias may be
penalising over the long term. Global investing can mitigate
country-specific risks, bring valuable diversification benefits
and help access opportunities in many different markets. Our new
global funds will do just that.”
HSBC Global Asset Management will host a series of roadshow
events across the country from 2 to 9 October to showcase the new
global income funds to financial advisors.