HSBC's World Selection Fund reaches £500 million milestone

HSBC's innovative range of investment portfolios, World Selection, has passed the important £500 million milestone within the first 6 months of launch.

The globally-diverse multi-manager, multi-asset fund, launched in January of this year.

David Wells, Head of Investments, Pensions & Savings at HSBC said: "Despite the volatile stock market conditions, investors are still recognising the importance of a globally-diversified portfolio that invests across a range of asset classes. In uncertain times, the best way to invest is to enable experts to diversify your investments, spreading money across geographies and types of asset and then monitoring it closely."

Each portfolio in the World Selection range offers the expertise of what HSBC considers to be some of the best fund managers from across the globe. These managers are handpicked by the extensive mulitmanager team at HSBC Global Asset Management and optimally blended to deliver steady long-term absolute returns, with low levels of volatility.

Minimum investment for the HSBC World Selection Portfolios is £50 per month or a lump sum of £1,000 and the portfolios are available from HSBC Financial Advisers at any HSBC branch or buying direct online at hsbc.co.uk. There is 4% initial charge (1% online) and 1.25% annual management charge.