Posted inHead To Head, News, Research

HEAD-TO-HEAD: HSBC vs Vanguard

FSA compares two UK passive funds: the HSBC FTSE 100 Index Fund and the Vanguard FTSE UK All Share Index Unit Trust Accumulation Fund.
by Francis Nikolai Acosta
Manager review

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The HSBC fund is led by Joseph Molloy, who joined HSBC Global Asset Management in 2015 as the global head of passive equity. Before HSBC, he was global head of index equities at Legal & General Investment Management, where he was employed since 2009.

He is supported by an experienced team, one of which is Patricia Keogh, who joined HSBC in March 2013 as a senior fund manager. Previously, she was an index equity portfolio manager at Blackrock.

The Vanguard fund is run using a team-approach. Key members of the team include Alla Kolganova, who was appointed head of the equity investment group in 2014. She first joined Vanguard as an assistant manager in 2000, became a senior portfolio manager in 2003 and assumed the leading role on the equities team in Australia in 2007.

Other key members include David Kirby, senior portfolio manager with the responsibility for managing and trading Vanguard Europe’s equity portfolios, and Michael Eyre, senior portfolio manager.

Kirby has nine years of investment experience and joined Vanguard in 2003, while Eyre joined Vanguard in 2002.

Bioy likes both teams because of the experience of the portfolio managers.

The only difference between the two teams is how the funds are run: for HSBC funds, trading is done through a central trading desk, while in Vanguard, portfolio managers trade their own stocks, she noted.

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