Industry Updates

HSBC GAM to launch 8 ESG ETFs and hire 15 staff in H1

Tom Eckett

a man in a suit

HSBC Global Asset Management (HSBC GAM) is set to launch eight environmental, social and governance (ESG) ETFs in H1 along with the development of a fixed income ETF platform as part of a plan to "substantially" grow its ETF business this year.

The ESG ETFs will focus on Europe, US, Japan, developed markets, emerging markets, Asia, UK and Europe ex-UK.

Along with the fixed income ETF platform, the firm is planning to launch a passive platform for precious metals later in the year.

As part of the push, 15 roles will be created this year which will work across areas such as product development, operations, sales specialists, capital markets, marketing and ETF strategists.

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Nicolas Moreau (pictured), global CEO of HSBC GAM, who joined in September 2019, commented: “ETFs are still one of the fastest growing investment products in Europe and Asia, and we are seeing increased demand from our clients for ESG-focused ETFs.

“Combining our responsible investment and ETF expertise is a natural next step for us. These launches will also provide our distribution partners with the right products to cater to the demand they see from their clients.”

HSBC currently manages $8.5bn globally in ETF strategies.

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