HSBC keen to promote bonds to investors

HSBC's wealth management business sees an opportunity to cross-sell and promote fixed-income products to Hong Kong and regional customers. Bruno Lee, who runs wealth management for Asia-Pacific, says mass-affluent investors are entirely skewed towards equities. This is true for brokerage customers as well as for investors in mutual funds. "Surely at least 10% of a client's assets should be in fixed income," Lee muses. Until recently Lee was just in charge of wealth management in Hon…