HSBC expects 25 by 4% approach to boost European Growth performance

HSBC Global Asset Management is moving its European Growth fund to a 25 by 4% mandate as it looks to...

HSBC Global Asset Management is moving its European Growth fund to a 25 by 4% mandate as it looks to reinvigorate performance. The £344m European Growth offering was a top performer under Chris Rice and a short spell under Jeff Currington but has struggled in recent years. It sits 76 out of 87 in the European ex-UK peer group over three years to 11 August, underperforming the sector average by almost 10%. Under the changes, the number of holdings will fall from around 40 to 25 positions of 4% each. According to the group, this gives manager Nick Dowell a significant hurdle before bu...