View more on these topics

HSBC launches three low-cost fund of funds

HSBC Global Asset Management is launching three low-cost passive funds.

The HSBC world index range will launch on October 17 and encompasses the cautious, balanced and dynamic options, designed to suit different levels of investor risk tolerance.

The portfolios are available to intermediaries and non-advised clients, via the retail, X, share class with a clean fee annual management charge of 0.5 per cent and zero initial charge. 

Investments to be held within these portfolios, structured as non-ucits retail schemes, include traditional asset classes such as equities and fixed income, in addition to alternative asset classes such as commodities, private equity and property. Hedge funds will not be included.

The portfolios are rebalanced on a regular basis by HSBC Global Asset Management’s multi asset team, based in the UK and led by Caroline Hitch.

HSBC Global Asset Management head of Wholesale for Europe, Middle East and Africa Andy Clark says the new HSBC World Index Portfolio range provides the benefits of diversification and strategic asset allocation, while delivering lower charges on a clean fee basis.  The clean fee structure of the HSBC World Index Portfolio range builds upon HSBC Global Asset Management’s suite of products suitable in a RDR compliant world.”

Minimum lump sum investment for the World Index funds is £1,000, while regular savers can start at £50 per month.

At outset the TER is expected to be 0.83 per cent, including registration fee.

Money Marketing revealed that Fidelity is to launch three low-cost funds. The multi-asset allocator defensive, multi-asset allocator balanced and multi-asset allocator growth funds will launch on October 10.

In February, JP Morgan launched a low-cost fund with a maximum TER of 0.55 per cent. Schroders added three low-cost funds this year with capped TERs of between 0.4 and 0.5 per cent.



TSC member warns over RDR threat to diversity

Treasury select committee member Jesse Norman has raised concerns that the retail distribution review will lead to reduced diversity in financial services. Speaking at a fringe event at the Conservative Party conference in Manchester today, Norman said the reduction in diversity the RDR will deliver through lowering adviser numbers is part of a long-term trend […]

FTSE blog: FTSE up 3% at close

16.45: The FTSE has risen by more than 3 per cent by the close of trading to stand at 5102.17. The bounce back was seen across Europe with German Dax and the French Cac 40 also up 4.9 and 4.3 per cent respectively. In the US, the Dow Jones has risen by 0.5 per cent […]

Adviser Fund Index

The performance of the FE Adviser Fund Index balanced portfolio has comfortably outperformed its benchmark sector. That said, with new products hitting the market, is it time for panellists to start employing more flexibility in their approach? Over the past five years, the AFI balanced index has returned 10.73 per cent against an Investment Management […]

Hall picked as head of multi-manager at Schroders

Schroders has appointed Rob Hall as its new head of multi-manager. Hall, who joined Schroders in March, will retain his position as head of manager selection while taking on new portfolio management and client service responsibilities. Hall will co-manage the £127.2m Schroders cautious managed, the £85.5m Schroders strategic balanced and the £28.5m Schroders high alpha […]

Pension - thumbnail

David Cameron appoints former adviser to Tony Blair as new pensions minister

Following a cabinet reshuffle in light of last week’s general election, David Cameron has announced that Ros Altmann will be replacing Steve Webb as pensions minister. As the industry works with one of the largest reforms to the sector in almost a century, the former adviser to Tony Blair has been tasked with ensuring that the pensions revolution does not stray off track.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm