HSBC Investments

Strengthening position in UK wholesale market

Europe's largest bank saw shares trading higher early on after reporting a climb in profits for the first half of 2011.

HSBC Global Asset Management has added sterling share classes to nine of its offshore emerging market funds, making them more easily accessible to retail investors.

HSBC Global Asset Management has launched a leveraged version of its flagship Global Macro absolute return fund.

HSBC has introduced hedged sterling share classes for its recently launched absolute return vehicles - the GIF European Equity Alpha and GIF Global Emerging Markets Equity Alpha funds.

HSBC has launched a Global Inflation Linked Bond fund which will invest in sovereign debt issued by OECD countries.

ASSET ALLOCATION

HSBC is to wind up its $100m listed Global Absolute fund of hedge funds following a vote by shareholders.

HSBC Global Asset Management plans to add two new trackers to its growing range of passive funds.

RLAM head of equities Jane Coffey has urged investors to avoid the current trend of overlooking growth stocks in favour of value.