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From the Opalesque Team:

HSBC Global Asset Management introduced today its World Selection offering in Hong Kong, the very first in the region, a multi-asset investment product that has a multi-manager approach.

In an emailed statement, HSBC said the World Selection is designed to meet the needs of HSBC customers seeking to grow their wealth steadily over the long term, with a tight control of risks.

The concept was first launched in the UK early this year and has attracted $1.4 billion of customer investments to date.

Bruno Lee, Asia-Pacific head of wealth management at HSBC in Hong Kong, said: "Although the global economy has been showing signs of recovery, with a strong year-to-date rebound in the performance of major global equity and bond markets, it is important for customers to take a diversified investment approach.

"World Selection has been developed as a core investment for investors with different risk appetites to smooth the ups and downs of recovering market conditions," he added.

The World Selection comprises five sub-funds, each with a diversified range of investments, investment objectives and risk profiles. Each sub-fund will invest predominantly in other collective investment schemes, and may invest in derivatives and other securities.

The majority of the sub-funds' exposure will be in equity and fixed income, but may also include exposure to other asset classes such as real estate, hedge fund strategies, commodities, priva......................

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