4th December 2009

HSBC launch ETF range on Ascentric

Independent wrap platform Ascentric today announces the launch of the HSBC ETF range to its users. This follows the exclusive October launch on the platform of the HSBC Onshore Investment Bond.

HSBC announced in August that it would enter the ETF market and recently launched the HSBC FTSE 100 ETF and HSBC DowJones EuroStoxx 50 ETF. These funds are now available to Ascentric users and HSBC plans to launch a full and comprehensive suite over the coming months.

Commenting on the launch Richard Goodall, Sales and Marketing Director at Ascentric stated, "The addition of HSBC ETFs increases the choice for intermediaries when managing portfolios and reinforces our unbiased and unrestricted approach. I'm sure the combination of a reputable company, low cost and low wrap charge will be well received by our supporting IFAs and their clients."

Robert Samuels, Wealth Management Sales spokesperson, HSBC Global Markets, added, "Intermediaries are increasingly recognising that ETFs are an important part of the investment tool kit. With the introduction of the Retail Distribution Review (RDR), investment products such as ETFs are likely to rise further in popularity. By making these available via a market leading wrap platform, intermediaries will have these popular investment tools within easy reach."

For further information, please contact:

Ascentric
Dominic Ventham, Head of Marketing
Tel: 01225 787208, Mobile 07590 227039
Email: dominic.ventham@ascentric.co.uk