Two more groups entered the multi-manager market with HSBC launching three funds of funds and Alexan...
Two more groups entered the multi-manager market with HSBC launching three funds of funds and Alexander Forbes gaining FSA approval to offer a manager of managers range to UK pension investors. One HSBC product, to be run by Jon Rebak, was an income product with up to 50% exposure to corporate bonds funds, 15% in UK high-yield bond funds and 35% in UK equity income portfolios. The group also planned to target intermediaries with Growth and Global Growth portfolios to sit in the Balanced Managed and Global Growth sectors, respectively.
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
