Growth in HSBC funds under management in Q1


KUALA LUMPUR: Funds under management (FUM) of banking and financial services group HSBC's 10 partner fund houses had reached US$4.3tril at the end of the first quarter of 2007, a 3.07% growth from the previous quarter. 

Equity funds contributed 47.3% and bond funds 41.9% to the overall growth from Q4 2006 to Q1, an HSBC survey revealed. 

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