Passing US$100bn in assets under management, HSBC now stands among the world’s largest emerging markets businesses.
At the end of September 2010, HSBC was managing US$103bn in emerging markets assets and emerging markets represented almost a quarter of HSBC’s total AUM.
John Flint, chief executive, HSBC Global Asset Management, attributed this success to proven investment capabilities, along with the strength of the HSBC brand and its extensive footprint in Emerging Markets.
“The world’s centre of gravity is moving toward the emerging markets and HSBC has for many years been at the forefront of providing quality investment solutions. We now have distinct opportunities for growth within our emerging markets businesses.”
Flint added: “An additional strength is that through the HSBC Group, the asset management business has access to one of the largest global financial services networks with offices in 54 Emerging Market countries. This provides unique local market knowledge and direct access to local companies and investment opportunities.”
In terms of Emerging Market capabilities, HSBC caters to a broad client base of institutional, wholesale and retail clients by offering both segregated accounts and pooled funds. The fund ranges include an extensive cross-border offering, in addition to domestic funds tailored to suit individual market requirements. In total, there are more than 750 equity, fixed income and alternative products offered across HSBC’s domestic, single country, regional and global ranges, and HSBC, as a long term investor, maintains its optimism over the Emerging Market asset class.