HSBC Investments will launch its multi-manager Open Global Property fund on 26 November.
Structured as a Non UCITS Retail Scheme, the fund will be managed by the seven strong HSBC multi-manager real estate team, led by Guy Morrell. HSBC says the fund will be the first daily dealing fund of property funds available to UK investors, holding positions with physical property exposure as well as property-related securities funds. It says the composition of the funds in the portfolio will fluctuate with the changing market environment and pricing movements. The portfolio will contain ten underlying funds at launch and the fund is likely to have a strong focus on Continental ...
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