Open Global Property Fund Manager Feb2014 FINAL
News release 18 February 2014
FOURTH ALPHA MANAGER RATING FOR HSBC GLOBAL ASSET MANAGEMENT’S HEAD OF REAL ESTATE INVESTMENT The head of HSBC Global Asset Management’s Real Estate Investment team Dr. Guy Morrell has again been awarded Financial Express’ (FE) Alpha Manager rating for his outstanding investment management of the HSBC Open Global Property Fund. Receiving this accolade for the fourth consecutive year recognises Dr. Morrell’s consistently robust performance since the fund’s inception, and places him in the top 10% of managers of IMA unit trust and OEIC universe. It also makes the HSBC Open Global Property Fund the only fund, out of 46, in the UK property sector with an Alpha Manager Rating. FE recently announced that 165 fund managers had been awarded 2014 Alpha Manager rating. Fund managers are judged according to their track records since 2000 with extra weighting for managers with the longest track records to highlight the benefits of experience. FE scores managers on three components: • • •
Risk-adjusted alpha Outperformance of their benchmark Consistency of outperformance in both up and down markets
Commenting on receiving the award, Dr. Guy Morrell said: “It’s great to have the fund’s strong performance recognised again this year. “Since the HSBC Open Global Property Fund was launched in November 2007, it has had the advantage and flexibility of being able to invest globally in direct property funds, as well as in portfolios which invest in listed property securities. This has enabled us to steer the fund away from the worst of the market downturns, whilst being able to take advantage of improving yields and valuations in the market.” Andy Clark, CEO, HSBC Global Asset Management UK, added: “Many congratulations to Guy for receiving this award again this year; it’s important for our clients to know that we have some of the industry’s highest calibre fund managers working at HSBC. The HSBC Open Global Property Fund has returned 25% since launch, and outperformed its IMA property peer group by more than 25%*. As a firm, our aim is to outperform in everything we do and Guy’s consistent high standards, supported by the wider team, are a great example of what we are trying to achieve for all our customers.” Dr. Morrell joined HSBC in 2004 to lead its indirect property fund management business and was appointed Head of the UK Real Estate team in 2008. He has over 29 years’ experience in the property investment market. He was formerly CIO, Global Property at Henderson Global Investors. Previously, he worked in the Property Research team of Prudential Portfolio Managers and in the Investment Department of Healey & Baker. * 26.5% vs Sector according to Financial Express’ own calculations, data as at 31 December 2013 for the Retail Accumulation share class on a single price, net income reinvested basis. -
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Media enquiries: Jonathan Atkins / Karl Wiseman + 44 (0) 20 7382 4750 or at email [email protected]
This news release is issued by
HSBC Global Asset Management
PUBLIC
Notes to editors:
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets. Stock market investments should be viewed as a medium to long term investment and should be held for at least five years. Any performance information shown refers to the past and should not be seen as an indication of future returns. HSBC Global Asset Management HSBC Global Asset Management, the investment management business of the HSBC Group, serves HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions invested in both segregated accounts and pooled funds. HSBC Global Asset Management fulfils its purpose of connecting HSBC’s clients with investment opportunities around the world through an international network of offices in approximately 30 countries, delivering global capabilities with local market insight. As at end September 2013, HSBC Global Asset Management manages assets totalling US$419bn on behalf of its clients. For more information see www.global.assetmanagement.hsbc.com
HSBC Global Asset Management should be referred to in full at all times to avoid confusion with any other financial services firms.
HSBC Holdings plc HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 6,600 offices in 80 countries and territories in Europe, Hong Kong, Rest of Asia Pacific, North and Latin America, and the Middle East and North Africa. With assets of US$2,723bn at 30 September 2013, the HSBC Group is one of the world’s largest banking and financial services organisations.
The information contained in this press release does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security or fund. Any views expressed are subject to change at any time. Approved for use in the UK under FP14-0323 until 18/03/14.
This news release is issued by
HSBC Global Asset Management
PUBLIC - 2
FOURTH ALPHA MANAGER RATING FOR HSBC GLOBAL ASSET MANAGEMENT’S HEAD OF REAL ESTATE INVESTMENT The head of HSBC Global Asset Management’s Real Estate Investment team Dr. Guy Morrell has again been awarded Financial Express’ (FE) Alpha Manager rating for his outstanding investment management of the HSBC Open Global Property Fund. Receiving this accolade for the fourth consecutive year recognises Dr. Morrell’s consistently robust performance since the fund’s inception, and places him in the top 10% of managers of IMA unit trust and OEIC universe. It also makes the HSBC Open Global Property Fund the only fund, out of 46, in the UK property sector with an Alpha Manager Rating. FE recently announced that 165 fund managers had been awarded 2014 Alpha Manager rating. Fund managers are judged according to their track records since 2000 with extra weighting for managers with the longest track records to highlight the benefits of experience. FE scores managers on three components: • • •
Risk-adjusted alpha Outperformance of their benchmark Consistency of outperformance in both up and down markets
Commenting on receiving the award, Dr. Guy Morrell said: “It’s great to have the fund’s strong performance recognised again this year. “Since the HSBC Open Global Property Fund was launched in November 2007, it has had the advantage and flexibility of being able to invest globally in direct property funds, as well as in portfolios which invest in listed property securities. This has enabled us to steer the fund away from the worst of the market downturns, whilst being able to take advantage of improving yields and valuations in the market.” Andy Clark, CEO, HSBC Global Asset Management UK, added: “Many congratulations to Guy for receiving this award again this year; it’s important for our clients to know that we have some of the industry’s highest calibre fund managers working at HSBC. The HSBC Open Global Property Fund has returned 25% since launch, and outperformed its IMA property peer group by more than 25%*. As a firm, our aim is to outperform in everything we do and Guy’s consistent high standards, supported by the wider team, are a great example of what we are trying to achieve for all our customers.” Dr. Morrell joined HSBC in 2004 to lead its indirect property fund management business and was appointed Head of the UK Real Estate team in 2008. He has over 29 years’ experience in the property investment market. He was formerly CIO, Global Property at Henderson Global Investors. Previously, he worked in the Property Research team of Prudential Portfolio Managers and in the Investment Department of Healey & Baker. * 26.5% vs Sector according to Financial Express’ own calculations, data as at 31 December 2013 for the Retail Accumulation share class on a single price, net income reinvested basis. -
Ends
-
Media enquiries: Jonathan Atkins / Karl Wiseman + 44 (0) 20 7382 4750 or at email [email protected]
This news release is issued by
HSBC Global Asset Management
PUBLIC
Notes to editors:
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets. Stock market investments should be viewed as a medium to long term investment and should be held for at least five years. Any performance information shown refers to the past and should not be seen as an indication of future returns. HSBC Global Asset Management HSBC Global Asset Management, the investment management business of the HSBC Group, serves HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions invested in both segregated accounts and pooled funds. HSBC Global Asset Management fulfils its purpose of connecting HSBC’s clients with investment opportunities around the world through an international network of offices in approximately 30 countries, delivering global capabilities with local market insight. As at end September 2013, HSBC Global Asset Management manages assets totalling US$419bn on behalf of its clients. For more information see www.global.assetmanagement.hsbc.com
HSBC Global Asset Management should be referred to in full at all times to avoid confusion with any other financial services firms.
HSBC Holdings plc HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 6,600 offices in 80 countries and territories in Europe, Hong Kong, Rest of Asia Pacific, North and Latin America, and the Middle East and North Africa. With assets of US$2,723bn at 30 September 2013, the HSBC Group is one of the world’s largest banking and financial services organisations.
The information contained in this press release does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security or fund. Any views expressed are subject to change at any time. Approved for use in the UK under FP14-0323 until 18/03/14.
This news release is issued by
HSBC Global Asset Management
PUBLIC - 2
