Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/money/article/a610023
HSBC merges multi-asset funds
HSBC Global Asset Management has merged its multi-asset International Selection funds with the bank’s retail consumer World Selection offering.
Markets
HSBC Global Asset Management has merged its multi-asset International Selection funds with the bank’s retail consumer World Selection offering.
The International Select Cautious , Adventurous and Balanced funds, with a combined worth of around $300 million (£190 million), were merged at the end of June.
Julian York, former co-manager of the International Selection funds, said they had been merged as the funds were run in a similar way to the World Selection range.
‘I suppose the thinking was that they were managed in quite a similar way, in terms of the asset allocation, to various of our World Selection models,’ he said. ‘The World Selection range makes up our flagship portfolios.’
He added that advisers were contacted about the transfer of client assets before the merger.
Sponsored By:
More about this:
Look up the funds
Look up the fund managers
Archive
Today's articles
Standard Life makes tax ‘gift’ to investors by Gavin Lumsden
Co-op Bank stops new corporate lending to conserve capital by Gavin Lumsden
No fools here: April’s batch of the best fund managers by Nisha Long, James Poulter
FTSE drifts lower as investors ponder next move by Gavin Lumsden
Long on active managers: more on this month's winners by Nisha Long
Tools from Citywire Money
Weekly email from The Lolly
Get simple, easy ways to make more from your money. Just enter your email address below
An error occured while subscribing your email. Please try again later.
Thank you for registering for your weekly newsletter from The Lolly.
Keep an eye out for us in your inbox, and please add noreply@emails.citywire.co.uk to your safe senders list so we don't get junked.
leave a comment
Please sign in here or register here to comment. It is free to register and only takes a minute or two.