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HSBC AM to remove VAT from Model Portfolio Service

HSBC Asset Management has announced that it will be removing VAT from the HSBC Global Managed Portfolio Service (MPS).
22 April 2021
    Press release

    HSBC Asset Management has announced that it will be removing VAT from the HSBC Global Managed Portfolio Service (MPS).

    The MPS, which is already one of the lowest cost, actively managed portfolio services on the market, will now have an OCF ranging from 0.22-0.24 per cent dependent on risk profile. The price changes will come into effect as of 1 May 2021.

    Smera Ashraf, Head of UK Discretionary Distribution, said: “We are always looking to innovate and make sure our product range is not only providing investment excellence for advisers and their clients, but that we are also competitive when it comes to price. One of our advantages is that we have a large range of funds that we can access efficiently as fulfilment in our portfolios at no additional cost to our clients.”

    HSBC Asset Management offers a range of five globally diversified risk rated profiles – Cautious, Conservative, Balanced, Dynamic and Adventurous. The portfolios are actively managed with input from a global team of investment professionals across the Americas, Europe, the Middle East and Asia, and use passive investments to fulfil the asset allocation. They have received a 5 Diamond rating from Defaqto.

    The HSBC MPS range is currently available on the Aviva, Embark, FE Transmission, FidelityFunds Network (FFN), Novia and Standard Life platforms.

    Media enquiries to:

    HSBC Asset Management
    Mat Barling
    +44(0) 738 479 4295
    mathew.barling@hsbc.com

    Notes to editors

    For journalists only and should not be distributed to or relied upon by any other persons.

    Approved for issue in the UK by HSBC Global Asset Management (UK) Limited, who are authorised and regulated by the Financial Conduct Authority.

    www.assetmanagement.hsbc.com/uk

    Copyright © HSBC Global Asset Management (UK) Limited 2021. All rights reserved.

    Note to investors:

    The information contained in this press release does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security or fund. Any views expressed are subject to change at any time.

    This document is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe to any investment.

    Any views expressed were held at the time of preparation and are subject to change without notice. While any forecast, projection or target where provided is indicative only and not guaranteed in any way. HSBC Global Asset Management (UK) Limited accepts no liability for any failure to meet such forecast, projection or target. The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets.

    HSBC Asset Management

    HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 25 countries and territories, delivering global capabilities with local market insight. As at 31 December 2020, HSBC Asset Management managed assets totaling US$612bn on behalf of its clients. For more information, see www.assetmanagement.hsbc.com/uk

    HSBC Asset Management is the brand name for the asset management business of HSBC Group, which includes the investment activities provided through our local regulated entity, HSBC Global Asset Management (UK) Limited.

    The HSBC Group

    HSBC Holdings plc

    HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of USD2,984 billion at 31 December 2020, HSBC is one of the world’s largest banking and financial services organisations.

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