Intermediaries targeted with investment models developed for hsbc private clients
Two more groups are entering the multi-manager market with HSBC set to launch three funds of funds and Alexander Forbes gaining FSA approval to offer a manager of managers range to UK pension investors. One of the HSBC products, to be run by Jon Rebak, is an income product with up to 50% exposure to corporate bonds funds, 15% in UK high-yield bond funds and 35% in UK equity income portfolios. The group will also target intermediaries with Growth and Global Growth portfolios, to sit in the Balanced Managed and Global Growth sectors respectively. The three funds were initially launc...
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