HSBC launches multi-asset discretionary service

The portfolio, which offers conservative, moderate and growth strategies, will be biased towards index-tracking funds. It will offer a diverse range of asset classes including: global equities, bonds, hedge funds, commodities, private equity and real estate. HSBC says diversification is key as research shows up to 92% of investment returns are determined by how investments are combined in portfolios. Tracey Maeter, managing director of HSBC Private Bank, say: "Evidence shows that index-tracking funds typically outperform actively managed funds over the long term and charge lower ma...