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HSBC Asset Management launches Circular Economy Fund

20 September 2022

    September 2022 – HSBC Asset Management (HSBC AM) has launched the HSBC GIF Global Equity Circular Economy fund. The fund is managed by Bénédicte Mougeot, Portfolio Manager & Head of Climate Equity and François Travaillé, Co-Portfolio Manager.

    The fund will invest in around 60 companies that are enabling the transition to a circular global economy, by designing out waste and pollution, keeping products and materials in use and regenerating natural systems. It will be benchmark agnostic and take a bottom up, high conviction stock selection approach. There will be no fixed allocations across geographies, sub-subsectors or company stages.

    The fund will be classified as Article 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR) and aims to deliver against all 17 of the UN Sustainable Development Goals.

    The fund will target both wholesale and institutional investors with a particular focus on high-net-worth individuals, family offices and private banks.

    Bénédicte commented: “We’re launching this fund to help finance the transition to more sustainable ways of dealing with resources and waste whilst giving investors access to a unique investment opportunity.”

    Erin Leonard, Head of Sustainability, HSBC Asset Management added: “We use the equivalent of 1.8 planets for resources each year1 and due to this they are becoming more scarce and harder to extract. We cannot sustain this for much longer and investment in the business models that are trying to protect and ultimately reuse these resources is incredibly important.”

    This fund follows the launch of three ESG focused funds this year including two Paris aligned UCITS ETFs focused on EM and Asia-Pacific ex-Japan, and an Asia ESG Bond fund. In addition, last year the firm launched its first thematic healthcare fund. The HSBC GIF Global Equity Sustainable Healthcare Fund aims to address the challenges in the healthcare industry while driving social impact.



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    HSBC Global Asset Management (France) - 421 345 489 RCS Nanterre.

    Portfolio management company authorised by the French regulatory authority AMF (no. GP99026) with capital of 8.050.320 euro, in Italy, Spain and Sweden through the Milan, Madrid and Stockholm branches of HSBC Global Asset Management (France), regulated respectively by Banca d’Italia and Commissione Nazionale per le Società e la Borsa (Consob) in Italy, the Comisión Nacional del Mercado de Valores (CNMV) in Spain and the Swedish Financial Supervisory Authority (Finansinspektionen) in Sweden.

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