HSBC Asset Management is removing VAT from the HSBC Global Managed Portfolio Service (MPS) range.
The MPS will now have an OCF ranging from 0.22% to 0.24%, dependent on risk profile. The price changes will come into effect as of Saturday 1 May. Smera Ashraf, HSBC AM's head of UK discretionary distribution, said: "We are always looking to innovate and make sure our product range is not only providing investment excellence for advisers and their clients, but that we are also competitive when it comes to price. "One of our advantages is that we have a large range of funds that we can access efficiently as fulfilment in our portfolios at no additional cost to our clients." Psigma I...
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