Latest news with #HSBCAM
Yahoo
8 hours ago
- Business
- Yahoo
HSBC AM forays into active ETF market with five funds
HSBC Asset Management (HSBC AM) has launched the HSBC PLUS Active ETF range, marking its entry into the active ETF market with five new funds. This launch aims to provide investors with country and regional exposures, combining the benefits of the ETF wrapper with the potential for outperforming returns, stated the company. The HSBC PLUS Active ETF range includes the HSBC PLUS USA Equity Quant Active UCITS ETF, HSBC PLUS World Equity Quant Active UCITS ETF, HSBC PLUS Emerging Markets Equity Quant Active UCITS ETF, HSBC PLUS World Equity Income Quant Active UCITS ETF, and HSBC PLUS Emerging Markets Equity Income Quant Active UCITS ETF. These funds utilise a quantitative-driven investment approach, leveraging HSBC AM's Quantitative Equity capabilities. The core range, consisting of the HSBC PLUS USA Equity Quant Active UCITS ETF, HSBC PLUS World Equity Quant Active UCITS ETF, and HSBC PLUS Emerging Markets Equity Quant Active UCITS ETF, focuses on maximising exposure to the highest-ranked stocks based on factor characteristics while minimising overall portfolio risk. The income range aims to identify equity securities with attractive income and quality characteristics, providing additional income compared to a market-cap index while preserving capital growth, added the company. These funds are available to retail, wholesale, and institutional investors in Austria, Germany, Spain, France, Italy, Luxembourg, Sweden, and the UK. They will also be listed on the London Stock Exchange, Borsa Italiana, and Xetra. HSBC AM ETF and Indexing Sales global head Olga de Tapia stated, 'The active ETF market is enjoying strong growth, and we are pleased to introduce our suite of funds in this space as part of our efforts to bring innovative and relevant investment tools to investors.' Tapia further added, 'Our HSBC PLUS Active ETF range combines quantitative active management with the efficiency of an ETF structure and aims to provide investors with additional alpha beyond core passive exposures in a cost-efficient way and ensuring resilience across diverse market cycles and economic regimes.' Last month, HSBC announced that its group chairman Mark Tucker intends to retire before the end of 2025. "HSBC AM forays into active ETF market with five funds" was originally created and published by Private Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Business Times
5 days ago
- Business
- Business Times
HSBC to inject US$4 billion into its private credit funds
[LONDON] Europe's biggest bank HSBC will inject US$4 billion into its private credit funds, amid a wider push by banks into the booming market as profits from traditional lending have come under pressure. HSBC said it will invest the cash into HSBC Asset Management's (HSBC AM) alternative credit funds, with the aim of attracting additional capital from external investors to build a US$50 billion credit fund within five years. The fast-growing US$2 trillion global private credit market provides lending to companies outside the more highly-regulated banking system, and is dominated by private equity giants such as Blackstone and Ares Management. Banks have been trying to muscle in, with some such as Citi and UBS partnering with existing players Apollo and General Atlantic. Others such as Deutsche Bank and HSBC have moved to build their own ventures. 'It's an arms race,' Nicolas Moreau, CEO of HSBC AM, said, adding that having greater HSBC group backing for its private credit funds would help the firm attract external money. While small in the context of HSBC's US$3 trillion balance sheet, the move is part of CEO Georges Elhedery's strategy to drive up revenue in higher-returning areas such as private credit rather than relying on low-returning bank loans. Reuters first reported in April that HSBC was exploring options to accelerate growth in private credit. HSBC AM's private credit unit is playing catch-up against more established players. It has deployed US$7 billion across 150 transactions since launching in 2018. The new funds will be invested globally, with an initial focus on areas including direct lending in the UK and Asia, Moreau added. REUTERS
Yahoo
5 days ago
- Business
- Yahoo
HSBC to inject $4 billion into its private credit funds
By Iain Withers and Lawrence White LONDON (Reuters) -Europe's biggest bank HSBC will inject $4 billion into its private credit funds, amid a wider push by banks into the booming market as profits from traditional lending have come under pressure. HSBC said it will invest the cash into HSBC Asset Management's (HSBC AM) alternative credit funds, with the aim of attracting additional capital from external investors to build a $50 billion credit fund within five years. The fast-growing $2 trillion global private credit market provides lending to companies outside the more highly-regulated banking system, and is dominated by private equity giants like Blackstone and Ares Management. Banks have been trying to muscle in, with some such as Citi and UBS partnering with existing players Apollo and General Atlantic. Others like Deutsche Bank and HSBC have moved to build their own ventures. "It's an arms race," Nicolas Moreau, CEO of HSBC AM, told Reuters, adding that having greater HSBC group backing for its private credit funds would help the firm attract external money. While small in the context of HSBC's $3 trillion balance sheet, the move is part of CEO Georges Elhedery's strategy to drive up revenue in higher-returning areas like private credit rather than relying on low-returning bank loans. Reuters first reported in April that HSBC was exploring options to accelerate growth in private credit. HSBC AM's private credit unit is playing catch up against more-established players. It has deployed $7 billion across 150 transactions since launching in 2018. The new funds will be invested globally, with an initial focus on areas including direct lending in the UK and Asia, Moreau added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
HSBC to inject $4 billion into its private credit funds
By Iain Withers and Lawrence White LONDON (Reuters) -Europe's biggest bank HSBC will inject $4 billion into its private credit funds, amid a wider push by banks into the booming market as profits from traditional lending have come under pressure. HSBC said it will invest the cash into HSBC Asset Management's (HSBC AM) alternative credit funds, with the aim of attracting additional capital from external investors to build a $50 billion credit fund within five years. The fast-growing $2 trillion global private credit market provides lending to companies outside the more highly-regulated banking system, and is dominated by private equity giants like Blackstone and Ares Management. Banks have been trying to muscle in, with some such as Citi and UBS partnering with existing players Apollo and General Atlantic. Others like Deutsche Bank and HSBC have moved to build their own ventures. "It's an arms race," Nicolas Moreau, CEO of HSBC AM, told Reuters, adding that having greater HSBC group backing for its private credit funds would help the firm attract external money. While small in the context of HSBC's $3 trillion balance sheet, the move is part of CEO Georges Elhedery's strategy to drive up revenue in higher-returning areas like private credit rather than relying on low-returning bank loans. Reuters first reported in April that HSBC was exploring options to accelerate growth in private credit. HSBC AM's private credit unit is playing catch up against more-established players. It has deployed $7 billion across 150 transactions since launching in 2018. The new funds will be invested globally, with an initial focus on areas including direct lending in the UK and Asia, Moreau added. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
