HSBC Global Asset Management has launched a quartet of global funds covering equities, bonds and multi asset, as UK investors face concentration risk from a home bias.
The asset manager will be showcasing the HSBC Global Equity Income and HSBC Global High Income Bond funds to advisers in October.
It has also added two funds, the Global Strategy Conservative and Global Strategy Adventurous Portfolios, to its risk-profiled multi-asset Global Strategy Portfolios range.
HSBC GAM chief executive Andy Clark says UK investors keep almost a quarter of their equity portfolios in the domestic market, but global investing can mitigate country-specific risks.
“The UK stock market has had a good year due to companies’ foreign revenues being boosted by a weaker Sterling. However, the concentration risk implied by a domestic bias may be penalising over the long term.”