hsbc-wealth-management-capitalises-on-funds-participation

HSBC wealth management capitalises on funds participation

A bank survey of Hong Kong retail investors shows they are keen to seek higher returns.
HSBCÆs wealth management division is keen to take advantage of what it sees as a growing risk appetite among Hong Kong retail investors. The bank has recently surveyed 1,400 retail investors in the territory and found that in 2005, stories such as Bric and emerging-market funds convinced more investors to seek higher returns.

These results include the second quarter of 2006, when the MayJune market correction was underway, so Bruno Lee, the bankÆs new head of wealth management for Asia Pacific, believes the findings should remain largely intact. He also notes that last yearÆs growth was also achieved despite headwinds such as rising interest rates and geopolitical turbulence.

Lee, who joined the bank...
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