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HSBC GAM launches income and multi-asset funds

HSBC GAM launches income and multi-asset funds

HSBC Global Asset Management has bolstered its income and multi-asset ranges with the launch of four funds.

The firm has added two globally focused funds to it income suite, the HSBC Global Equity Income and HSBC Global High Income Bond funds, which are aimed at attracting investors seeking to overcome the current low-interest environment.

The other two funds, the HSBC Global Strategy Conservative and HSBC Global Strategy Adventurous portfolios, round out the bank’s low-cost multi-asset risk-profiled range which now comprises of five global funds.

‘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 officer, HSBC Global Asset Management (UK).

He added: ‘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.’

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