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 hit $770 billion by 2007.

HSBC-AM formally established its multi-manager team in 2000. It now boasts 17 full-time analysts located in New York, London, Paris and Hong Kong, led by Simon Moules,...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222