HSBC Global Asset Management has launched four new OEIC funds in the UK – two additional risk-profiled multi-asset Global Strategy Portfolios and two global income funds, one investing in equities and one in bonds.
Andy Clark (pictured), CEO of HSBC Global Asset Management (UK), says: “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. 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.”
Two of the new global funds focus on income generation, and are aimed at those investors who seek to overcome today’s low-interest environment. The HSBC Global Equity Income and HSBC Global High Income Bond funds aspire to deliver a combination of sustainable income and capital appreciation by seeking the best investment ideas regardless of their market of origin.
The other two funds, HSBC Global Strategy Conservative and HSBC Global Strategy Adventurous Portfolios, form part of a flagship cost-efficient multi-asset risk-profiled range which now comprises of five global funds. The HSBC Global Strategy Portfolios are broadly globally diversified and provide active asset allocation product to investors at a cost of a passive fund, with the OCFs as low as 0.16%. HSBC Global Asset Management’s award-winning multi-asset investment team applies its global asset allocation construction process to benefit from global opportunities and balance risks in each portfolio. Regular reviews and adjustments of the asset allocation ensure that the portfolios do not drift away from their long-term risk profiles.
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 advisers.