HSBC is set to expand its range of OpenFunds with the launch of a Global Property vehicle. The p...
HSBC is set to expand its range of OpenFunds with the launch of a Global Property vehicle. The product, which launches on 26 November, will use a Nurs structure and be run by Guy Morrell, head of the seven-strong HSBC Multi-manager Real Estate team. It will invest in direct property and listed property securities funds. The fund, which will sit in the IMA Specialist sector, will hold between 10-15 underlying vehicles and offers investors daily liquidity. This follows the launch of the Open Global Return and Open Global Distribution funds in November last year.
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