HSBC brings multi-manager product to Asia

First in Taiwan and now in Hong Kong, HSBC Asset Management is introducing funds of funds to its retail customers.

HSBC Asset Management has begun selling fund of funds products to HSBC bank retail investors in Asia. The multi-manager industry is the fastest growing segment in the funds industry worldwide, says Andrew Leung, regional head for the firm's multi-manager unit in Hong Kong.

Cerulli Associates has calculated that multi-manager assets under management have enjoyed a compound annual growth rate of 8% since 1999 despite a general industry downturn. The research group predicts at this rate, global AUM will...

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