The asset management unit of HSBC has seen its exchange-traded funds and index funds surpass $100 billion.
HSBC Asset Management’s exchange-traded funds (ETF) and index funds grew 181 percent from $36 billion in end-2019 to $101 billion as of 28 March 2024, according to a statement. During this period, ETF assets quadrupled to $37 billion while index funds more than doubled to over $63 billion.
«This significant achievement demonstrates our sustained efforts to transform our business over the past four years and reflects the strategic importance of our passive platform within our wider strategy,» commented HSBC Asset Management CEO Nicolas Moreau.
«As the popularity of passive investments among retail and institutional clients continues to grow, we expect the size of the ETF and Index fund market to further accelerate over the coming years.»
Islamic Offering
In addition to growing assets, the British asset manager has also been expanding the range of its offering. For example, it has nine Islamic funds in different passive wrappers to cater to the religious needs of investors.
«We remain committed to strengthening our offering to provide our clients with innovative and reliable strategies that consistently deliver index performance to help them meet their investment needs in the years ahead,» Moreau added.
