HSBC’s group earnings fell in Q3, but Asia profits rose slightly and the bank aims to beef up the wealth management unit in the region.

HSBC’s group earnings fell in Q3, but Asia profits rose slightly and the bank aims to beef up the wealth management unit in the region.
FSA compares two Asia corporate bond funds: the HSBC Asian Bond Fund and the JP Morgan Asian Total Return Bond Fund.
The bank’s asset management arm joins rival firms on the fixed maturity product bandwagon as it readies three instruments for sale to Hong Kong’s retail investors.
HSBC Private Bank has been reprimanded and fined for failing to record around 6000 client order phone calls in two separate incidents over a 10-month period.
Bill Maldonado, chief investment officer at HSBC Global Asset Management, has questioned defensive strategies as these names have become expensive in the last 12 months.
At the same time, Chinese investors have continued to pour money this year into Hong Kong-domiciled funds sold in the mainland via the MRF scheme.
This week FSA presents a quick comparison of two India equity products: the Franklin India Fund and the HSBC GIF Indian Equity Fund.
HSBC Private Bank retirement; Changes at Aviva Investors and China Asset Management; Structured products; Insti and wholesale merge; advertising and much more.
Goldman Sachs Asset Management (GSAM) has forged an agreement with the banks to distribute GSAM’s funds to retail investors in Hong Kong.
The best emerging market funds are those which have stuck to the four countries first promoted as the Bric nations by Goldman Sachs 18 years ago.
Part of the Mark Allen Group.