New Products
What's New In Investments, Funds? β HSBC, China
The latest news on investment offerings, financial products and other services relevant to wealth advisors and their clients.
HSBC Bank (China) has announced the official distribution of
private trust plans investing in hedge fund to its private
banking clients.
This service provides eligible investors with alternative
investment options to achieve a more diversified asset
allocation. HSBC said in a statement last Friday that it is the
first international bank in mainland China to distribute such
plans to qualified investors.
Coming at a time when some hedge fund strategies, such as those
trying to follow broad trends in interest rates and currencies,
have outperformed stocks, HSBC is tapping into the sector as a
way to spread risks. It also is playing into continued investor
interest in alternative areas such as hedge funds, private
equity, venture capital and forms of real estate. The bank cited
data from Boston Consulting Group, in which the consultancy said
it expects alternatives to grow at an annual rate of 9 per cent
through 2026, at which point they will represent an estimated 19
per cent of global assets under management.
βHedge funds can be an effective tool for portfolio
diversification, helping investors capture opportunities amid the
current market volatility. Looking ahead, we shall select and
onboard more alternative investment strategies from leading
global and local partners to enrich our range of asset management
products with investment targets including hedge fund, private
equity, private debt and real estate funds,β Ying Wang, head of
investment and wealth solutions, wealth and personal Banking,
HSBC China, said.
The newly-launched private trust plan is issued by China
Resources SZITIC Trust Company Limited, and the underlying fund
is managed by Pinpoint Private Fund Management Limited.
