HSBC Global Asset Management

Running a two-speed economy

Lowest TER now 5bps

Follows Reid's departure

Been at HSBC since 2007

Firms cite lack of client demand

Halves fees on three trackers

With passive vehicles once again in the spotlight as the price war hots up, managers explain how they use the products and comment on the expanding smart-beta marketplace

Increased focus on bespoke relationships

Risk-rated portfolios available from October

HSBC Global Asset Management has added a new multi-asset income fund to its Luxembourg-domiciled fund range.