HSBC UK Growth & Income Retail

HSBC UK Growth & Income has merit, but still needs time to prove the value of its new approach.

Ash Kumar, 28 July, 2008 | 2:46PM
This once proud flagship fund of the HSBC lineup has fallen on hard times. It delivered strong returns under Tim Russell from 1998 to 2002, and was subsequently competitive during the first part of Robert Morris's tenure, but slipped badly in 2006 before being re-invented as a multi-manager vehicle. The fund had doubled in size in January 2006 after HSBC merged its HSBC Household Names and HSBC British funds into it, taking it from just over £500 mn to over £1 bn under management in very short order. It's unclear if the asset increase contributed to the problem, but HSBC now cites the need to scale the fund as on

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