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HSBC INVEST LAUNCHES PORTFOLIO M'MT SERVICES FOR INDIA'S WEALTHY.
NEW DELHI, Dec 1 Asia Pulse - HSBC Investments, the investment solutions arm of HSBC Group, has launched Portfolio Management Services in India to provide customised portfolio management services to high net worth individuals.
Initially, HSBC Investments, the trading name of HSBC Asset Management, is providing two products - Signature Portfolio and Strategic Portfolio. It would add one more product - '85 per cent Capital Protection Oriented Portfolio' - on December 5.
"The number of HNIs is growing by 30-40 per cent on an Compunded Annual Growth Rate (CAGR) for the last 4-5 years and the growth rate will continue as economy is growing robustly and salaries are rising very fast," said Sai Tampi, HSBC AMC's Head of Portfolio Management Services.
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Source: HighBeam Research, HSBC INVEST LAUNCHES PORTFOLIO M'MT SERVICES FOR INDIA'S WEALTHY.