HSBC Asset Management

What HSBC Asset Management does

HSBC Asset Management is the global investment management arm of HSBC Holdings plc, managing USD 876 billion in assets as of March 2026 across approximately 26 countries and territories with 662+ investment professionals. The firm offers a comprehensive platform spanning equities, fixed income, multi-asset, liquidity, and alternative investments, delivered through both active and passive strategies, smart beta, and factor-based approaches. Its product shelf includes mutual funds, ETFs, segregated institutional mandates, private credit strategies (including a $2 billion UK Direct Lending Strategy), and specialised vehicles such as the Hong Kong Credit Income Fund and India's RedHex SIF (Specialized Investment Fund) for institutional and HNI investors.

The business operates a multi-channel distribution model that combines direct institutional sales, financial intermediary partnerships, HSBC Group's 6,100-office banking network, and fintech platforms (notably in India, where SIP flows from Tier-II and Tier-III cities outpace top-30 cities). HSBC Asset Management earns primarily recurring management fees on AUM, supplemented by performance fees on alternative strategies. ESG integration is structural rather than peripheral: the firm operates proprietary frameworks including the Integrated ESG Assessment, Responsible Investment Framework, and Climate Product Framework, underpinned by third-party data from MSCI, ISS, S&P Trucost, Bloomberg, and Sustainalytics, with USD 741 billion in ESG/sustainable AUM as of December 2024.

Recent strategic activity reflects expansion rather than consolidation: the firm launched UAE onshore funds in January 2026, debuted the first ETF share classes for EU money market funds in late 2025, scaled India through RedHex SIF and the RedHex Hybrid Long-Short Fund, and closed the second vintage of UK Direct Lending at twice the prior vintage's size. Leadership transitions include Thorsten Michalik becoming CEO of the Alternatives division effective April 2026, and the transition of the climate technology investment team to Bridges Fund Management, with HSBC AM retaining anchor LP status in the new Bridges Climate Transition Partners fund.

Name

HSBC Asset Management

Legal name

HSBC Asset Management (UK) Limited

Website

https://assetmanagement.hsbc.com

Company type

Private

Founded year

1973

Operating status

Operating

Headcount range

501–1,000 employees

Short description

HSBC Asset Management is the global investment management arm of HSBC Holdings plc, managing USD 876 billion across active and passive strategies spanning equities, fixed income, multi-asset, liquidity, and alternatives for institutional, retail, and intermediary clients in approximately 26 countries.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Other Financial Investment Activities (5239), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Multi-Asset Solutions for Institutional (Pensions/Endowments/Sovereigns) (FSAAAJAJ)

akta.pro secondary industries

Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ), Managed Account Platforms (Separately Managed Accounts / Customized Portfolios) (FSAHAKAC), Real Estate Portfolio & Fund Management (Institutional/REIT/PE) (BPAJAMAJ)

Keywords

• Asset management services
• Institutional investment management
• Mutual fund management
• ESG investment solutions
• Alternative credit strategies

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Management Fees: Asset management fees charged on assets under management across mutual funds, institutional mandates, and alternative investment products.
2. Mutual Fund Distribution: Distribution of mutual fund products through India's fintech platforms enabling SIP (Systematic Investment Plan) investments, generating management fee share and distribution revenues.
3. Specialized Investment Fund (SIF) Management: Management fees from SEBI-approved Specialized Investment Fund structures targeting institutional and high-net-worth investors with ₹10 lakh minimum investment threshold.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

HSBC Asset Management provides global investment management solutions across equities, fixed income, multi-asset, liquidity, and alternative investments for institutional investors, retail and private banking clients, and financial intermediaries. The firm manages mutual funds, institutional mandates, specialized investment funds, direct lending strategies, and ESG-integrated portfolios, leveraging a network of investment professionals across 18 countries and territories.

Differentiator

Problem solved

Functional benefit

Brands

• RedHex SIF: Specialized Investment Fund brand in India, a SEBI-approved investment structure targeting experienced, institutional, and high-net-worth investors seeking focused and outcome-oriented strategies.
• RedHex Hybrid Long-Short Fund
• HSBC Credit Income Fund

Products and services

• RedHex SIF
• RedHex Hybrid Long-Short Fund
• HSBC Credit Income Fund (Hong Kong)
• EU Money Market Fund ETF Share Classes
• UK Direct Lending Strategy (Second Vintage)
• UAE Onshore Funds
• ESG and Sustainable Investment Strategies

Quantifiable outcome

• HSBC Midcap Fund turned Rs 10,000 monthly SIP into Rs 2.33 crore over 20 years
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Bridges Fund ManagementminorStrategic or Co-development Partner · 11 March 2026HSBC Asset Management's transatlantic climate investment team was hired by Bridges Fund Management to launch Bridges Climate Transition Partners. HSBC AM remained involved as a limited partner and anchor investor in the new fund while focusing on core activities like private credit.

Scale indicators6 records

Recent moves12 records

Expansion highlights6 records

Direct peers

• Schroders: London-headquartered global asset manager with active equities, fixed income, multi-asset, private markets and wealth capabilities. Directly comparable in size band, product mix, UK/EU/Asia institutional and intermediary distribution, and active-led strategy.
• Fidelity International: Global asset manager offering active equities, fixed income, multi-asset, and fund-of-funds products across institutional and retail channels. Closely comparable to HSBC AM in international footprint, active-led model, and retail/intermediary distribution; multiple current and former HSBC AM executives joined from Fidelity International.
• abrdn (formerly Standard Life Aberdeen): UK-listed global asset manager offering active equities, fixed income, real estate, private markets and multi-asset solutions to institutional and retail clients. Comparable in scale band, active management orientation, and EMEA/APAC institutional footprint.
• Franklin Templeton: Global asset manager with active equity, fixed income, multi-asset and alternatives products distributed through institutional, retail and intermediary channels. Comparable international footprint, active-led multi-affiliate model, and cross-border fund structures (Luxembourg-domiciled SICAVs).
• Amundi: Europe's largest asset manager with active, passive, multi-asset, alternatives and real assets capabilities across institutional, retail and third-party distributor channels. Comparable active/passive mix, EU regulatory hub (Luxembourg), and emphasis on ESG integration.
• Invesco: Global independent investment manager with active equities, fixed income, ETFs (Invesco QQQ), multi-asset and alternatives. Comparable breadth of product wrappers (mutual funds, ETFs, SMAs), global institutional and intermediary distribution, and active-led strategy.
• Allianz Global Investors: Global active asset manager within the Allianz Group offering fixed income, equities, multi-asset and alternatives to institutional and retail clients. Comparable in size band, active-led model, and co-investor profile (named alongside HSBC AM in esVolta's expanded credit facility).
• DWS Group: Global asset manager (formerly Deutsche Asset Management) with active, passive (Xtrackers), alternatives and ESG capabilities. Comparable active/passive mix, European institutional focus, and multiple former HSBC AM executives (including CEO Nicolas Moreau) joining from DWS.

Broad incumbents

• BlackRock: Largest global asset manager offering active, passive (iShares), alternatives, multi-asset and ESG solutions to institutional and retail clients. Directly comparable to HSBC AM in product breadth, global footprint, and institutional channel; meaningfully larger AUM and stronger passive franchise.
• J.P. Morgan Asset Management: Global asset management arm of J.P. Morgan offering active, passive, alternatives, multi-asset and real assets solutions to institutional, retail and private bank clients. Closely comparable in bank-affiliated distribution advantage, global multi-channel reach, and alternatives/private credit expansion.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/HSBC

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments31 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about HSBC Asset Management