hsbc

ON ASIA

HSBC slashes target prices for many large UK-listed groups, claiming the sector is not ‘uniformly good value'

Investors could be faced with a plethora of fund charging models post-RDR as well as higher overall costs and ‘premium' prices for a top tier of better performing funds or specialist mandates.

Special report

Fidelity's Anthony Bolton has doubled his holding in banking giant HSBC within his China Special Situations investment trust.

Guy Morrell is head of multi-manager at HSBC, part of a team that runs $18bn of assets worldwide, and also manages the £41m HSBC Open Global Property fund.

Sridhar Chandrasekharan has been promoted to chief executive of HSBC Global Asset Management as former boss John Flint moves to a senior role in the wider group.

ASIAN CHALLENGES

HSBC European Growth manager Nick Dowell is continuing to overweight European banking stocks, suggesting it may not be possible to kick Greece out of the eurozone.

Schroders' Richard Buxton has warned plans to ring-fence banks will force HSBC and Standard Chartered to redomicile outside the UK, causing more woe for the economy.