The Asia Focused Growth and Asia Focused Conservative Funds add to the existing Asia Focused Income Fund launched last year which the company said was the best selling multi-asset fund in the Hong Kong retail space in 2012 and has now grown to more than US$1.5bn in size.
Denis Gould, chief investment officer, Hong Kong, multi asset and wealth for HSBC Global Asset Management, who also manages the series, said: “The Managed Solutions portfolios are not constrained by static allocations, and can significantly change their composition as and when attractive investment opportunities arise.
“We believe that asset allocation is a key determinant of returns in the long term. To unlock the long-term value, it is important to have a carefully constructed, risk-conscious, diversified and flexible asset-allocation process. HSBC’s Managed Solutions has been designed with this in mind to help investors achieve their wealth objectives.”
All three funds can invest across a broad range of asset classes, with a minimum investment of 70% invested in the Asia Pacific ex-Japan region. However there are some significant differences between the way each portfolio is managed, in order for it to suit specific investors.
The Asia Focused Growth Fund can invest up to 100% in equities – being therefore more suited to an aggressive investor. Meanwhile, HSBC said, the Asia Focused Conservative Fund will appeal to cautious investors who seek long-term stable returns while wanting to participate in Asian growth opportunities but with relatively low volatility. It can invest up to 85% in government bonds and up to 70% in Asian investment-grade bonds.
The first fund in the series, Asia Focused Income, provides monthly dividend payouts and is positioned for moderate investors who seek regular, sustainable income and growth opportunities, predominantly from Asian assets.
Available through all HSBC branches, all three funds require a minimum investment of $5,000 in US dollar, Singapore dollar, Australian dollar or euro.