HSBC GAM to add series of ESG ETFs
HSBC Global Asset Management (Gam) has joined a growing trend by launching eight environmental, social and governance (ESG) exchange traded funds (ETFs); something the UN recently described as a potential mass market vehicle.
“We are planning to launch a new family of ESG ETFs which will provide investors with a core building block for their portfolios,” a spokesperson of HSBC Gam said.
It will launch them in the first half of 2020 and target both developed and emerging markets.
The firm currently manages $49.3bn (€44bn) in passive strategies and $8.5bn in ETF strategies out of a total of $512bn in assets under management, according to HSBC Gam.