HSBC GAM launches Eurozone fund

HSBC Global Asset Management has launched a multi-asset fund in Hong Kong and expects Eurozone economic growth picking up in 2016.

International Adviser

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The product has a portfolio including Eurozone equities, euro-denominated fixed income securities and money market instruments.

Mathieu Guillemet, manager of the fund who is based in France, believes that the Eurozone economy has been resilient in the face of the current global trade slowdown.

“The positive signs of a continuing, stable economic recovery as well as attractive valuations in equities and credits, especially after the recent sell-off, make the region one of the most appealing developed markets in 2016,” Guillemet said.

“A multi-asset approach helps investors access this broad set of opportunities to achieve income and long-term capital appreciation in different phases of the economic cycle,” he added.

According to the FE Analytics, the international mixed asset sector rose 1.70% over the trailing three years, although volatility was evident towards the end of 2015 and the start of 2016.

Fidelity was the best performer, with three of its funds topping the list of the mixed asset sector over the trailing three years, according to FE data.

Earlier, FSA examined the worst performing multi asset funds during the recent volatility.

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