HSBC Global Asset Management (HSBC GAM) has unveiled a global managed portfolio service (GMPS) targeting cost efficiency and transparency by using its own range of passive products in the underlying holdings.
The group has partnered with Aviva for the launch, with the GMPS exclusively available through Aviva's platform for nine months, following which HSBC GAM will review further platforms for roll-out of the service. However, Smera Ashraf, head of business development, CEO office at HSBC GAM, said there are no plans to go mass market and the firm will continue to team up with platforms selectively. Aviva platform sales hold strong despite re-platforming issues Despite Aviva's woes in the platform space this year following replatforming issues and outflows, Ashraf said the group was "a ...
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