Fund managers

MrMalkin

Linton wrote: »

HSBC Pacific Index.

On Trustnet there is a table showing returns for each of the past 5 years. Its pretty clear. Unfortunately I couldnt find any independent data for the FTSE World Asia Pac (exc Japan) Index.

If you were looking on morningstar to show it follows its index - the comparison index on morningstar is the MSCI one which isnt what the HSBC fund claims to follow.

This was bugging me so I spent some time looking into it. Short version is, Trustnet's numbers are wrong for the comparison.

If you go to HSBC's literature for the fund, they quote figures for the FTSE Asia Pacific Ex-Japan and the Pacific Index fund that look pretty reasonable, with a tracking error of about -10% over 5 years:

http://services.assetmanagement.hsbc.co.uk/site/media/pdf/Factsheets/OEIC/opiGBP.pdf

If you go to Trustnet's figures for the FTSE Asia Pacific Ex-Japan (not in comparison to the Pacific Index) these match up with what HSBC quote in their literature - although these seem to have been taken down now, but Google and Yahoo still have it.

However, if you go to the Pacific Index page on Trustnet as you quoted, the figures for the index bear no relation to either Trustnet's own figures for the same index, Google or Yahoo's figures, or HSBC's from their literature.

gadgetmind

saveonarola wrote: »

It's not easy to get hold of Class D, though. Skandia offers Class D units of that property tracker for a TER of 0.2%, but Skandia is IFA only. If you use an IFA, great.

I do use an IFA, and do have pensions and ISAs on Skandia, and I have asked about moving my portfolio to low-cost trackers. In fact, I've asked twice. He hasn't replied.

saveonarola

gadgetmind wrote: »

I do use an IFA, and do have pensions and ISAs on Skandia, and I have asked about moving my portfolio to low-cost trackers. In fact, I've asked twice. He hasn't replied.

gadgetmind, remember that I was bamboozled by HSBC's tracker factsheets, which showed a different performance for the same period on different factsheets - and not just a one-off, but for every one of their trackers? Well, I got in touch with HSBC last week and they replied to say that the initial response from the research department was surprise, but they'd get back to me when they'd figured it out. Today, a week later, I got a very apologetic email from my contact saying that he was chasing my query up every day, but the research department still didn't have an answer.

I'm not sure any further comment is necessary.

Oh - and sorry everyone that this is totally off-topic, but I guess by page 13 pretty much anything goes...