hsbc

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ON UK INCOME

HSBC has launched an MSCI Pacific ex Japan ETF listed on the London Stock Exchange.

Blue-chip stocks listed in the developed world could soon become a strategic part of emerging market portfolios, according to managers.

The Tories faced renewed questions over their links to rich tycoons last night after accepting a £500,000 donation from a City boss who revels in his comparison to a notorious Hollywood villain.

The FTSE 100 opened up 0.18% or 9.37 points to 5,204.65 boosted by bid activity in the financial sector.

HSBC is in discussions with Old Mutual over acquiring a 70% stake in South African bank Nedbank.

HSBC has launched its Global Inflation Linked Bond fund with overweights to the US and Japan, but an underweight to the UK.

HSBC Global Asset Management believes there is a "decent chance" of a global markets rally in the fourth quarter, as investors are currently overly pessimistic about the outlook for economic growth.

Schroders' Richard Buxton remains bullish on the long-term earnings potential in the banking sector after the UK's big-four reported strong profits last week.