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HSBC GAM unveils two global ESG funds

HSBC GAM unveils two global ESG funds

HSBC Global Asset Management has launched a pair of sustainable multi asset funds. 

The HSBC Global Sustainable Multi Asset Conservative Portfolio and and HSBC Global Sustainable Multi Asset Balanced Portfolio will follow the same methodology and invest across a range of asset classes and regions. 

The portfolios will sit alongside HSBC GAM's existing $87 billion multi asset range. They will invest in funds and other instruments that follow one or more of the seven sustainable investment methods laid out by the Global Sustainable Investment Alliance.

The portfolios have an annual management charge of 0.45% with an estimated OCF of 0.75%. 

Daniel Rudd, head of UK wholesale, said the products were designed with environmentally aware investors in mind.

He said: 'Sustainability considerations are becoming more prominent across all walks of life, from green energy, to free-range farming, people are looking for sustainable solutions to everyday problems.

'We have delivered new options for investors looking to reflect their sustainable preferences within a truly global, multi-asset investment portfolio.'

The Conservative Portfolio, which has a 35% equity exposure, is made to deliver a lower level of volatility than the Balanced Portfolio, which has a 60% equity exposure.

The news comes after the company confronted the UK's premier discretionary fund managers (DFMs) by launching a 'cost-efficient' model portfolio service earlier this month.

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