This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214

HSBC looks at passive offering for Openfunds

  • Print
  • Comment

HSBC Global Asset Management is looking to add a passive offering to its Openfunds multi-manager range.

HSBC Global Asset Management managing director of UK wholesale Andy Clark says a global passive fund is something the group is working towards as it believes the market share for passive funds is likely to increase from 10 to 20 per cent.

Speaking in this week’s Money Marketing, Clark says the fund would invest in a number of exchange-traded fund and index trackers and would look similar in structure to the firm’s global return fund, which launched in November 2006 and has exposure to around 12 asset classes.

He says: “We are big believers in the passive space. One of the stumbling blocks is whether we can get enough diversification for the fund, which is one of the hallmarks of the Openfunds range.”

Annual management charge would be 0.9-1 per cent.

T Bailey launches its passive fund of funds this week.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments