HSBC Holdings is rolling out three geographical low-cost funds of funds, FundWeb reports. The new products, which will use passive funds from HSBC’s own range as well as external funds, will have a pricing structure similar to Fidelity Worldwide Investment’s new low-cost funds. The funds are scheduled to launch in four to six weeks. The products will also help to bring down management charges as investors compare charges on the low-cost funds with actively managed funds.
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