Latest news with #HSBCAssetManagement
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
CNA
03-05-2025
- Business
- CNA
HSBC Asset Management's global head of sustainability to depart
LONDON: The top sustainable finance executive at HSBC's asset management division is leaving the firm, HSBC said on Friday (May 2), the latest in a series of departures from the bank amid a restructuring under its new chief executive. The exit of Erin Leonard, global head of sustainability at HSBC Asset Management, follows the departure of the bank's former chief sustainability officer, Celine Herweijer, at the end of last year as the bank reassesses environmental, social and governance (ESG) policies under CEO Georges Elhedery. There has been rising pushback against ESG in the United States - where HSBC has a mid-sized business focused on international corporates - both before and after the election of President Donald Trump. As a result, many financial firms have scaled back their commitment to issues such as tackling climate change. Leonard headed HSBC Asset Management's Sustainability Office, which was created in 2021 to manage its sustainable investing efforts and strategy. She also had oversight of its diversity, equity and inclusion-focused initiatives. The responsibilities of that office have now been distributed across other businesses within the asset management division, a spokesperson for the asset manager said. Other sustainability-related initiatives have been consolidated under the Responsible Investment team led by Cathrine de Coninck-Lopez, the spokesperson added. Leonard was a member of the asset manager's management committee, and it was unclear whether she had also been removed from that position. HSBC declined to comment. Elhedery has shaken up the bank since assuming the top role six months ago by slashing the ranks of senior managers and reorganising operating divisions and duplicate roles. The bank is on track to deliver US$1.5 billion of annual savings by end-2026, equivalent to around 8 per cent of total staff costs. HSBC raised the ire of campaigners earlier this year by ditching its target of reaching net-zero emissions across its business by 2030 because of the slow pace of change in the real economy. But the bank told shareholders on Friday it remains committed to its ambition of becoming a net-zero bank by 2050 and has begun a review of its targets for emissions linked to its loans, as well as associated policies. The bank has also hired new executives, including former UK politician Danny Alexander to head up a new unit focused on infrastructure finance and project finance linked to the low-carbon transition. In 2024, HSBC Asset Management managed US$179 billion in ESG and sustainable investment strategies and remains a signatory of the Net Zero Asset Managers initiative, a UN-backed group of asset managers working to align investments to net zero.
CNA
02-05-2025
- Business
- CNA
Exclusive-HSBC Asset Management's global head of sustainability to depart
LONDON :The top sustainable finance executive at HSBC's asset management division is leaving the firm, HSBC said on Friday, the latest in a series of departures from the bank amid a restructuring under its new chief executive. The exit of Erin Leonard, global head of sustainability at HSBC Asset Management, follows the departure of the bank's former chief sustainability officer, Celine Herweijer, at the end of last year as the bank reassesses environmental, social and governance (ESG) policies under CEO Georges Elhedery. There has been rising pushback against ESG in the United States - where HSBC has a mid-sized business focused on international corporates - both before and after the election of President Donald Trump. As a result, many financial firms have scaled back their commitment to issues such as tackling climate change. Leonard headed HSBC Asset Management's Sustainability Office, which was created in 2021 to manage its sustainable investing efforts and strategy. She also had oversight of its diversity, equity and inclusion-focused initiatives. The responsibilities of that office have now been distributed across other businesses within the asset management division, a spokesperson for the asset manager said. Other sustainability-related initiatives have been consolidated under the Responsible Investment team led by Cathrine de Coninck-Lopez, the spokesperson added. Leonard was a member of the asset manager's management committee, and it was unclear whether she had also been removed from that position. HSBC declined to comment. Elhedery has shaken up the bank since assuming the top role six months ago by slashing the ranks of senior managers and reorganising operating divisions and duplicate roles. The bank is on track to deliver $1.5 billion of annual savings by end-2026, equivalent to around 8 per cent of total staff costs. HSBC raised the ire of campaigners earlier this year by ditching its target of reaching net-zero emissions across its business by 2030 because of the slow pace of change in the real economy. But the bank told shareholders on Friday it remains committed to its ambition of becoming a net-zero bank by 2050 and has begun a review of its targets for emissions linked to its loans, as well as associated policies. The bank has also hired new executives, including former UK politician Danny Alexander to head up a new unit focused on infrastructure finance and project finance linked to the low-carbon transition. In 2024, HSBC Asset Management managed $179 billion in ESG and sustainable investment strategies and remains a signatory of the Net Zero Asset Managers initiative, a U.N.-backed group of asset managers working to align investments to net zero.
Reuters
02-05-2025
- Business
- Reuters
Exclusive: HSBC Asset Management's global head of sustainability to depart
LONDON, May 2 (Reuters) - The top sustainable finance executive at HSBC's (HSBA.L), opens new tab asset management division is leaving the firm, HSBC said on Friday, the latest in a series of departures from the bank amid a restructuring under its new chief executive. The exit of Erin Leonard, global head of sustainability at HSBC Asset Management, follows the departure of the bank's former chief sustainability officer, Celine Herweijer, at the end of last year as the bank reassesses environmental, social and governance (ESG) policies under CEO Georges Elhedery. There has been rising pushback against ESG in the United States - where HSBC has a mid-sized business focused on international corporates - both before and after the election of President Donald Trump. As a result, many financial firms have scaled back their commitment to issues such as tackling climate change. Leonard headed HSBC Asset Management's Sustainability Office, which was created in 2021 to manage its sustainable investing efforts and strategy. She also had oversight of its diversity, equity and inclusion-focused initiatives. The responsibilities of that office have now been distributed across other businesses within the asset management division, a spokesperson for the asset manager said. Other sustainability-related initiatives have been consolidated under the Responsible Investment team led by Cathrine de Coninck-Lopez, the spokesperson added. Leonard was a member of the asset manager's management committee, and it was unclear whether she had also been removed from that position. HSBC declined to comment. Elhedery has shaken up the bank since assuming the top role six months ago by slashing the ranks of senior managers and reorganising operating divisions and duplicate roles. The bank is on track to deliver $1.5 billion of annual savings by end-2026, equivalent to around 8% of total staff costs. HSBC raised the ire of campaigners earlier this year by ditching its target of reaching net-zero emissions across its business by 2030 because of the slow pace of change in the real economy. But the bank told shareholders on Friday it remains committed to its ambition of becoming a net-zero bank by 2050 and has begun a review of its targets for emissions linked to its loans, as well as associated policies. The bank has also hired new executives, including former UK politician Danny Alexander to head up a new unit focused on infrastructure finance and project finance linked to the low-carbon transition. In 2024, HSBC Asset Management managed $179 billion in ESG and sustainable investment strategies and remains a signatory of the Net Zero Asset Managers initiative, a U.N.-backed group of asset managers working to align investments to net zero.
