HSBC Global Asset Management (GAM) is to launch three low-cost portfolios, offering access to global equity and bond markets as well as alternative investments.
The HSBC World Index range, launching on 17 October, will include Cautious, Balanced and Dynamic offerings.
The retail share class offering has a clean AMC of 0.5%, no initial charge and a minimum investment of £1,000, making it suitable for the post-RDR universe.
The portfolios will hold HSBC's own ETFs and index-trackers as well as those offered by external groups, and will also have the ability to invest in individual securities such as gilts.
HSBC GAM's multi-asset team, led by Caroline Hitch, will regularly rebalance the portfolios, which will invest in equities, bonds, commodities, private equity and property, but not hedge funds.
"[The World Index portfolios] offer investors a better selection of funds which are diversified across different asset classes and countries, the aim being to deliver stronger performance with less of the rollercoaster ride associated with concentrating investment in fewer asset classes," said Andy Clark, head of wholesale for Europe, Middle East and Africa at HSBC GAM.
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till