Wing Chung to leave HSBC Asia funds

Man Wing Chung, the fund manager of HSBC's £38.8m frAA-rated Hong Kong Growth Fund and the £29.3m frA-rated Asian Fund, has left the group, writes Robert Stock. Wing Chung, who has managed Hong Kong Growth since 1996 and the Asian Fund since last year, is to be replaced on a caretaker basis by Sam Lau, who joined HSBC's Hong Kong-based Far East desk in May this year after six years with Invesco. Rob Fisher, head of campaign marketing at HSBC, said regional chief investment officer Dave Stuart would be overseeing Lau's work in the equities team and was reviewing the permanent fund manageme...