Fund Management

HSBC Global Asset Management Launches Four OEIC Funds

Robbie Lawther, Reporter, London, 24 August 2017

articleimage

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.

Register for WealthBriefing today

Gain access to regular and exclusive research on the global wealth management sector along with the opportunity to attend industry events such as exclusive invites to Breakfast Briefings and Summits in the major wealth management centres and industry leading awards programmes