HSBC Investment launches PMS

Chennai, Nov 29 (UNI) HSBC Investments today launched HSBC Portfolio Management Services (PMS) in India.

Mr Sanjay Prakash, CEO of HSBC Investments said, the service aims to provide customised portfolio management services to select clientele, tailored to the investor's risk appetite, growth expectations and personal requirements. At present there were three product options being offered under PMS - 85 per cent Capital Protection Oriented Portfolio, Signature Portfolio and Strategic Portfolio, he added.

He said the PMS was a customized proposition for sophisticated clients. "We believe that the PMS will lead product innovation in our business. As a first step in this direction, we are launching a unique open-ended capital protection oriented product - the HSBC 85 per cent Capital Protection Oriented Portfolio - aimed at providing capital protection, while providing liquidity at any point of time without an exit load", he added.

It was therefore ideal for clients who did not want to lock-in their funds and yet wanted capital protection with some equity exposure and the product proposition would be unique in Indian markets, he added.

Under the Signature Portfolio Scheme funds would be allocated to around 20-25 companies with potential for sustainable growth and superior return on equity over the long term.

Under the Strategic Portfolio, funds would be allocated to promising value concepts such as ignored ideas, contra stocks, early cycle investing, concept business, value investing, private equity and during special situations like turnarounds, restructurings, mergers and acquisitions and management changes UNI GV GKT 1610