HSBC Global Asset Management’s manager, Nick Dowell, is seeking to make investments in Spanish and Portuguese stocks, Financial Times reports. He is the fund manager of the £291.7 million HSBC European Growth fund.

Dowell is planning to buy stocks of Spanish lender, Santander, as the stocks are being traded at a discount. The manager presently has a 19.6% exposure to financials stocks across Europe.

Click here for the story from Financial Times.