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HSBC to transition UK equity team to multimanager

HSBC Investments has appointed its multimanager team to manage three existing actively managed UK equity funds currently managed by HSBC Halbis Partners.

The transition is expected to complete by year end when the group will unveil the specific external managers for the HSBC UK growth and income, income and monthly income funds.

HSBC head of wholesale Andy Clark says: “Post implementation,
HSBC Investments will rank as the clear leader by assets under management of multimanager stategies in the retail UK equity peer group.”

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