Close Asset Management’s stable of discretionary funds can now be accessed through HSBC’s onshore investment bonds.
The funds will be available via HSBC’s recently launched maximum investment plan (Mip) as well as via the Ascentric, Flexible and Select bond versions.
The Close discretionary funds were introduced in September 2010 and have rapidly gained momentum with more than £900m in assets already under management. The five multi-asset class funds are specifically targeted to meet defined investor risk requirements.
Managed as bond income, balanced, conservative, dynamic and growth portfolios, the funds are set up to offer ‘fit for future’ investment options for all levels of investor. They also allow individual clients to access Close’s investment capabilities in a portfolio uniquely matched to their risk profile.
“We are delighted to be making our service available through HSBC’s products,” said David Muncaster, director of intermediary clients at Close. “We feel the arrangement brings benefit to both parties and will enable Close to offer these newly developed products to the advisers using the HSBC bond and Mip.”