HSBC Asset Management launches Circular Economy Fund
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.
[1] - https://theoneplanetlife.com/we-have-an-unprecedented-opportunity-to-create-a-one-planet-world/
Media enquiries to:
Mat Barling + 44 (0) 738 479 4295 mathew.barling@hsbc.com
Notes to editors
For journalists only and should not be distributed to or relied upon by any other persons.
Notes to investors
This press release is produced by HSBC Asset Management.
The information contained herein is subject to change without notice. All non-authorised reproduction or use of this commentary and analysis will be the responsibility of the user and will be likely to lead to legal proceedings. This press release has no contractual value and is not by any means intended as a solicitation, nor an investment advice for the purchase or sale of any financial instrument in any jurisdiction in which such an offer is not lawful.
Tax treatment depends on The individual circumstances of each client and may be subject to change in The future.
Capital is not guaranteed. It is important to remember that the value of investments and any income from them can go down as well as up and is not guaranteed.
If necessary, investors can refer to the complaints handling charter available in the banner of our website.
Please note that the distribution of the product can stop at any time by decision of the management company.
The commentary and analysis presented in this document reflect the opinion of HSBC Asset Management on the markets, according to the information available to date. They do not constitute any kind of commitment from HSBC Asset Management.
Consequently, HSBC 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.
All data from HSBC Asset Management unless otherwise specified.
Any third party information has been obtained from sources we believe to be reliable, but which we have not independently verified.
Article 9 SFDR : the product has a sustainability objective.
More information on our ‘Responsible Investment’ Policy and ‘Implementation Procedures’ can be found on our website. The decision to invest in the promoted fund should take into account all the characteristics or objectives of the promoted fund as described in its prospectus.
HSBC Asset Management is the brand name for the asset management business of HSBC Group, which includes the investment activities provided through our local regulated entities.
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.
Postal address : 38 avenue Kléber 75116 PARIS
Head Office : Immeuble Coeur Défense - 110 esplanade du Général de Gaulle - La Défense 4 - 92400 Courbevoie - France
Non contractual document, updated in September 2022.
Copyright : All rights reserved © HSBC Global Asset Management (France), 2022.