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".
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