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Article: FoFs: Fruits of staying absolutely focused.
- Article from:
- Fund Strategy
- Article date:
- January 21, 2008
CopyrightCOPYRIGHT 2008 Centaur Communications Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The HSBC Open Global Return portfolio looks for funds with an absolute return focus as well as a global investment universe - a strategy that has gained it a ranking near the top of its sector.
The #22.6m HSBC Open Global Return fund, launched just over a year ago, invests largely in global funds and in as wide a range of assets as possible. It has no bias towards Britain or stockmarket-based investments; the aim is to ensure the portfolio remains fully diversified by region and asset class.
Over one year to January 15 it ranks fifth out of 46 funds in the IMA Balanced Managed sector, according to Morningstar. It returned 6.84% against a sector ...