Discretionary management
The legal framework of the discretionary investment agreement allows for the delegation of the financial management of your portfolio of securities (UCITS, shares, bonds etc.) to a team of experienced professionals, dedicated exclusively to this area.
During a meeting with your private banker you set your objectives and determine your investment horizon and agreed risk level. You select the corresponding investment profile and receive tailored reports to enable you to monitor and analyse the management of your portfolio and its performances.
Your private banker works in conjunction with a portfolio manager, whose role is to meet your performance objectives by actively managing the assets entrusted, in compliance with your investor profile.
Your portfolio manager will report to you on a regular basis with respect to the investments made, the reasons for the selection of investments and the vehicles used.
Investment profiles to meet investors' objectives |
HSBC Private Bank France offers you the option of a number of investment profiles drawn up on the basis of the risk/return ratio and investment horizon. The asset allocation, i.e. the exposure to money markets, bonds, equities and alternative investments, is established on the basis of your investment profile.
Investments are therefore based on managers' opinions and views, aimed at outperforming a predefined benchmark.
Four investments mandates are available:
| - The defensive mandate in euros, corresponding to a short-term investment (two to three years);
- The balanced mandate in euros corresponding to a medium-term investment (three to seven years);
- The growth mandate in euros, corresponding to a long-term investment (seven or more years)
- The PEP mandate (mandat PEA), for a medium/ long-term investment. This offers dynamic management through the creation of a portfolio comprised solely of shares and PEP-eligible funds, under a tax-efficient investment scheme.
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The investment profile you define with your private banker is set out in a discretionary investment mandate, stipulating in particular:
| - The proportion of capital invested in risky assets;
- The level of risk associated with your investment;
- The recommended investment horizon.
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In order to generate performance a rigorous selection process is implemented. Managers benefit from quality, real-time information, compiled from the following various sources (refer to the section entitled "Investment strategy") to enable them to identify market opportunities: financial management players and also market analysts and macro-economists.
This rigorous process is aimed at achieving the best investment opportunities in the context of the delegated management of your securities portfolio.
