HSBC Global Asset Management has bolstered its fund range with the launch of two income and two multi asset strategies.
In the multi-asset space, HSBC GAM has launched two risk-profiled strategies, adding to the existing range which aims to provide active asset allocation to investors "at a cost of a passive fund", with ongoing charges figures (OCF) between 0.16% and 0.20%.
The Global Strategy Conservative and Adventurous strategies bring HSBC GAM's multi-asset range to a total of five funds, all managed by Jane Davies. The will have OCFs of 0.18% and 0.20%, respectively.
As is the case with the rest of the range, the new multi-asset funds will be subject to regular reviews and adjustments of the asset allocation to ensure the portfolios are in line with their long-term risk profiles.
Meanwhile, HSBC GAM has expanded its income offering with the launch of the Global Equity Income fund, managed by head of global equity Angus Parker, and the Global High Income Bond fund, managed by Jerry Samet.
The Global Equity Income fund will have an OCF of 0.90%, while Global High Income will cost investors a total of 0.83%.
The funds "aspire to deliver a combination of sustainable income and capital appreciation by seeking the best investment ideas regardless of their market of origin", the firm said.
CEO of HSBC GAM Andy Clark said the launches will help investors to mitigate "concentration risk implied by a domestic bias", which "may be penalising over the long term".
"We know investors tend to feel more comfortable with their home market, with those in the UK keeping almost a quarter of their equity portfolios in UK stocks," he said.
"The UK stockmarket has had a good year due to companies' foreign revenues being boosted by a weaker sterling.
"[However] global investing can mitigate country-specific risks, bring valuable diversification benefits and help access opportunities in many different markets. Our new global funds will do just that."
HSBC GAM will host a series of roadshow events across the UK from 2 to 9 October to showcase the new global income funds to financial advisers.