HSBC Global Asset Management (HSBC GAM) is set to launch three new low cost multi-asset funds focused on passives in the UK market on 16 October 2015.
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The three HSBC Global Strategy Funds include HSBC Global Strategy Cautious Portfolio, HSBC Global Strategy Balanced Portfolio and HSBC Global Strategy Dynamic Portfolio.
The funds have been designed to offer investors with a highly cost-effective core investment solution specifically tailored to their risk appetite.
The risk-targeted funds will invest across a number of asset classes and global regions using an active asset allocation approach. The portfolios will be actively managed by Jane Davies.
With ongoing charges ranging between 0.17% and 0.2%, the funds will be available via all major platforms, including Fidelity’s FundsNetwork, Old Mutual Wealth and CoFunds.
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By GlobalDataThe Cautious Portfolio will have a risk rate of three, while the Balanced and Dynamic Portolios will be risk rated five and seven respectively.
HSBC GAM head of wholesale UK Phil Reid said: "Our recent independent market research has told us that over 90% of IFAs look to multi asset funds to meet their clients risk profile, and 74% look to multi asset funds as a cost-efficient investment solution.
"Our multi asset fund range fund range uses an active asset allocation process to identify what we believe are each fund’s optimal exposures to equities, bonds and property securities, across both developed and emerging markets.
"This process is re-run at least every three months. Shorter term views can be reflected in the portfolios through tactical asset class weight adjustments. Portfolio holdings are monitored on a daily basis.
"We believe that the range fits well with clients’ requirements for simple cost-effective products that provide risk-focused asset allocation across global markets. All this is from one of the most experienced multi asset investment teams in the industry and a well-recognised provider of active and passive funds."
