• Home
• /
• Local business

HSBC Unveils World Selection Portfolios

DUBAI - HSBC Bank announced on Wednesday the launch of a range of investment portfolios that provide diversified global exposure to a mix of asset classes. The investment portfolios will be available in the UAE, Bahrain, Oman, Qatar and Jordan.

The HSBC World Selection Portfolios are diversified, multi-asset growth portfolios that can hold both traditional investments such as bonds and equities, as well as modern assets including commodities and private equity. Many of these modern asset classes would not readily be accessible to the private investor.

Minimum investment is $250 per month or lump sum of $10,000. There is a three per cent initial charge and an annual management charge ranging between 1 – 1.30 per cent.

“The steep declines in stock markets over 2008 have been a painful reminder of the risks inherent with putting all of your investment eggs in one basket. That’s why it is important to diversify geographically and to hold different asset classes in order to achieve good long-term results without taking a rollercoaster ride along the way,” said Ishrat Kiyani, head of Premier Banking and Wealth Management, UAE, HSBC.

Research by HSBC demonstrates that various asset classes will move in and out of favour at different stages in the economic cycle. By being truly diversified, this should, over the longer term, lead to smoother and more stable returns from your investment portfolio.

issacjohn@khaleejtimes.com