We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.
If you are seeing this message, we have detected that you are using an older, unsupported browser.
The COVID-19 pandemic and lockdown have changed the way we operate. Economies have been shocked in an unprecedented way, while government measures to suppress the virus have had profound implications for investment decision making. Despite downside risks, our core scenario remains that we will see a ‘swoosh’ shape to the global recovery – a sharp rebound in the near-term followed by a more gradual growth trajectory. As the economic restart progresses, macro data is improving. The pace of recovery remains uncertain, especially beyond Q3, and there are challenges around the quantity and the quality of growth.
The crisis has also accelerated a permanent shift in working practices and consumer behaviours. Like other global businesses, we have had to implement and develop our business continuity plans to ensure our operations continue to run smoothly and our client servicing remains uninterrupted. For our employees across the globe, we continue to promote flexible working, supported by our secure technology infrastructure.
Highlights – Business performance and transformation
Financial
*Alternatives assets include USD4 billion from committed capital ('dry powder').
**Others refer to the assets of Hang Seng Bank, in which HSBC has a majority holding, and of HSBC Jintrust Fund Management, a joint venture between HSBC Global Asset Management and Shanxi Trust Corporation Limited.
Source: HSBC Global Asset Management as at 30 June 2020. Any differences are due to rounding.
Our strategy
Our vision is to become a core solutions and specialist Emerging Markets, Asia and Alternatives focused asset manager with client centricity, investment excellence and sustainable investing being the key proponents of our strategy. And here’s where we have arrived so far:
Established a market competitive, client-centric operational model to deliver high quality pre-sales, sales and post-sales service to our clients. By changing our distribution model to operate with a global approach with the Institutional and Wholesale client businesses, we can better take responsibility for all aspects of client coverage
Enhanced our capabilities while expanding the range of instruments in which we invest, to achieve investment excellence and innovation. We have taken steps to enable a ‘multi-process strategy’ within investment platforms, allowing us to be more performance-focused and outcome-orientated
Continued to incorporate environmental, social and governance (ESG) factors in our investment process and deliver innovative solutions to generate sustainable, long-term returns for our investors to meet their sustainable investment objectives and support the sustainable development goals
Created a single global operating model called ‘Global Markets’ (US, UK, France, Germany and Hong Kong) to provide a consistent service for our multi geography clients
Further developed our offshore ‘Centre of Excellence’ in Bangalore
Launched our LinkedIn channel as an additional medium to communicate with our clients
Business development
We have an active role in enabling global investors mitigate the risks that ESG factors can have on their portfolios.
During the first half of 2020, we saw the close of our Real Economy Green Investment GEM Bond strategy, which raised USD474 million1 of new financing to support climate risk-mitigation investments across emerging markets.
In addition, a group of major French institutional investors awarded its first Climate Ambition Fixed Income mandate to us after an intensive selection process. This mandate of EUR125 million2 will be managed by our European Fixed Income team in Paris.
Passive investing has been at the heart of our business strategy since 1988.
With this strong heritage we have strengthened the ETF team to develop our capability to react better to the market and client demand.
In the first half of 2020, we launched three new Sustainable Equity ETFs covering Europe, Japan and the US markets. These ETFs are designed to take a step beyond traditional sustainable ETF solutions. Later in the year, three more sustainable ETFs will be launched to include the developed world, emerging markets and Asia Pacific ex-Japan.
We continue to bring the world to Asia and Asia to the rest of the world.
In Hong Kong, we successfully launched our US income focused strategy in January for retail investors to capture the US growth potential.
Six bond and equity index funds were launched on HSBC Hong Kong’s new mobile service FlexInvest.
We launched three Northbound Mutual Recognition of Funds in the second quarter, providing mainland Chinese investors with a range of Asian fixed income funds with different risk profiles and investment preferences.
We accelerated domestic wealth growth via our joint venture in mainland China and increased retail flows through product innovation, partnering with third party distributors and online platforms, and strengthening our cross-border capabilities.
In a world of uncertainty, low interest rates and high asset correlation, investors are increasingly looking at new areas for yield enhancement and diversification.
To help meet these requirements, we are pleased to be launching a UK Senior Direct Lending strategy for institutional investors in the second half of this year, which will be managed by the Private Debt Investments team, and target loans originated by HSBC UK, the leading lender to sponsor backed middle-market companies in the UK.
Furthermore, building on our expertise in infrastructure debt, we will be launching two new infrastructure debt funds in 2020 (investment grade and high yield) to meet client demand across Europe, Asia and America.
Reinforced by our strong client base, our alternative assets under management reached approximately USD32 billion6 as at end June 2020.
As part of our ambition to grow our investment capabilities in alternatives, HSBC Bank’s Principal Investments and Alternative Investments Group is merging with our Alternatives Private Markets business (subject to completion of relevant due diligence and approval from regulators). This will position us as one of the largest investors in private markets funds globally, enabling us to rapidly develop investment solutions to serve our clients.
We have a competitive liquidity franchise and will continue to build leadership in liquidity. As at end June 2020, we have recorded a 20 per cent increase in liquidity AUM year-to-date.
Strategic priorities
We will continue to build on the momentum that has been created by our strategic business objectives, and prioritise the growth initiatives which we believe will underpin our success in the future. This includes building our direct investment capabilities in alternatives, growing our Asia and China franchises, and providing investors with both active and passive sustainable investment solutions.
We have the full support of the HSBC Group to enable us to build a business that is stronger, more client centric and ultimately more successful. As we continue to monitor the developments relating to the pandemic, our priority remains the wellbeing of our clients and employees and ensuring that we meet your evolving investment needs.
1 Source: HSBC Global Asset Management, data as at May 2020. 2 Source: HSBC Global Asset Management, data as at June 2020. 3 Award issued by MoneyAge, 23 April 2020. 4 Source: HSBC Global Asset Management, data as at January 2020. 5 Award issued by Asia Asset Management, 17 January 2020. 6 Alternatives assets include USD4 billion from committed capital ('dry powder'). Source: HSBC Global Asset Management as at 30 June 2020. Any differences are due to rounding. 7 Award issued by MoneyAge, 23 April 2020. 8 Award issued by HFM, 8 July 2020, based on product performance and qualitative factors as at March 2020.
For illustrative purpose only, this document is a global view of the recent evolution of the economic conditions. This is a marketing support which does not constitute neither an investment advice or a recommendation to buy or sell investment.
This commentary is not the result of investment research and is not subject to legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of its dissemination. The commentary and analysis presented in this document reflect the opinion of HSBC Global Asset Management on the markets, according to the information available to date. They do not constitute any kind of commitment from HSBC Global Asset Management. Consequently, HSBC Global Asset Management will not be held responsible for any investment or disinvestment decision taken on the basis of the commentary and/or analysis in this document.
Past performances are no guarantee of future returns. Future returns will depend inter alia on market developments, the fund manager’s skill, the fund’s level risk and management costs and if applicable subscription and redemption costs. The return may become negative as a result of price losses. Capital is not guaranteed and the value of money invested in the fund can increase or decrease and there is no guarantee that all of your invested capital can be redeemed. Unless stated otherwise, inflation is not taken into account.
The above mentioned target/limits/objectives is/are to be considered on the recommended minimum investment period; there can be no assurance that the strategy of the fund will achieve this objective.
This page is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. Any views and opinions expressed are subject to change without notice. This document does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment. References to 'we', 'us' and 'our' are references to HSBC Global Asset Management.
Beginning of dialog window. It begins with a heading called "You are leaving the HSBC AMG website.". Escape will cancel and close the window.
You are leaving the HSBC Asset Management website.
Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.
Beginning of dialog window. It begins with a heading called "Terms and Conditions". Escape will cancel and close the window.
Terms and conditions
This Site is intended for professional clients only.
This Site is only intended for professional clients who access it from Norway and is not intended for retail clients or other individuals, nor for U.S. Person pursuant to the U.S. Regulation S.
This Site is considered as a marketing communication.
By accessing this Site, you agree to be bound by the following terms and conditions (the “Terms”) as well as our Cookie Policy and our Privacy Notice.
Please, note that this Site is written in English only.
Categories of clients who are considered to be professionals:
Entities which are required to be authorised or regulated to operate in the financial markets. The list below shall be understood as including all authorised entities carrying out the characteristic activities of the entities mentioned: entities authorised by a Member State under a Directive, entities authorised or regulated by a Member State without reference to a Directive, and entities authorised or regulated by a third country:
Credit institutions;
Investment firms;
Other authorised or regulated financial institutions;
Insurance companies;
Collective investment schemes and management companies of such schemes;
Pension funds and management companies of such funds;
Commodity and commodity derivatives dealers;
Locals: firms which provide investment services and/or perform investment activities consisting exclusively in dealing on own account on markets in financial futures or options or other derivatives and on cash markets for the sole purpose of hedging positions on derivatives markets or which deal for the accounts of other members of those markets or make prices for them and which are guaranteed by clearing members of the same markets, where responsibility for ensuring the performance of contracts entered into by such firms is assumed by clearing members of the same markets;
Other institutional investors;
Large undertakings meeting two of the following size requirements on a company basis:
balance sheet total: EUR 20 000 000
net turnover: EUR 40 000 000
own funds: EUR 2 000 000
National and regional governments, including public bodies that manage public debt at national or regional level, Central Banks, international and supranational institutions such as the World Bank, the IMF, the ECB, the EIB and other similar international organisations.
Other institutional investors whose main activity is to invest in financial instruments, including entities dedicated to the securitisation of assets or other financing transactions.
The information presented may refer to HSBC Global Asset Management (France)'s global AUMs/figures and global policies. Even though local entities of HSBC Global Asset Management (France) may be involved in the implementation and application of global policies, the numbers presented and the commitments listed are not necessarily a direct reflection of those of the local HSBC Global Asset Management (France) entity.
Today, we and many of our customers contribute to greenhouse gas emissions. This is why HSBC Global Asset Management (France), together with other asset managers, have an important role to play in supporting the transition to a net zero economy. Step by step, we are developing strategies to reduce our own emissions and to help our customers reduce theirs. For more information visit https://www.assetmanagement.hsbc.com/about-us/net-zero
Cookies on this website
At HSBC we use cookies to help ensure that our website and services are able to function properly. These cookies are necessary and so are set automatically.
We would also like to use some cookies to:
make your visit more personal
improve our website based on how you use it
support our marketing
These cookies are optional and you can choose which types you'd like to accept. To do this, select 'Manage cookie settings'.
If you'd like to accept all optional cookies, select 'Accept all cookies'.
To learn more about how we use cookies, visit our Cookie notice.
Established a market competitive, client-centric operational model to deliver high quality pre-sales, sales and post-sales service to our clients. By changing our distribution model to operate with a global approach with the Institutional and Wholesale client businesses, we can better take responsibility for all aspects of client coverage
