HSBC attacks international funds market
HSBC Asset Management has signalled its intent to make further inroads into the international funds market with the launch of three new regionally based funds.
HSBC today launched a European, Japanese and US equity fund to complement its existing international offerings, which include the $120 million FlexiTrust Dragon fund which invests in South-east Asia and its $134 million FlexiTrust International fund which invests in markets around the world.
Outgoing HSBC Asset Management (Australia) chief executive officer Bob DeHart says HSBC has taken a regional approach to its funds management offerings to "give investors more choice so they can target particular regions or invest across the range to take a broader, global outlook in their portfolios".
Recommended for you
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.
