MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, November 3, 2004 HSBC Jumps on Asset Allocation Bandwagon HSBC is planning its own series of asset allocations funds. The products, to be called the HSBC Investor LifeMAP Funds, include five options, according to an SEC filing. Managers will invest varying percentages of a portfolio's holdings in other HSBC funds, including the HSBC Investor Growth, Investor Value, Investor Small Cap Equity Portfolio, Investor International Equity Portfolio, Investor Fixed Income Portfolio, Investor Limited Maturity Portfolio, and the Investor Money Market Fund. HSBC will launch funds to the entire spectrum of investors, offering the Aggressive Growth Strategy Fund, the Growth Strategy Fund, the Moderate Growth Strategy Fund, the Conservative Growth Strategy Fund and the Conservative Income Strategy Fund. Each fund will be offered three share classes, A, B and C. HSBC has not yet disclosed the operating expenses of the funds. The minimum investment is $1,000 for non-retirement accounts. HSBC will distribute the fund through the fund's distributor, banks, brokers and other investment advisors. Printed from: MFWire.com/story.asp?s=8380 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |