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The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.
HSBC Asset Management
HSBC
Asset Management has launched new exchange-traded
fund (ETF) share classes for its HSBC Sterling Liquidity and
HSBC Euro Liquidity Funds, offering investors an alternative and
accessible way to manage cash holdings.
The launch builds on HSBC AM’s move in 2023 to provide investors
with access to both listed and unlisted share classes within a
single fund. The development marks the first time an asset
manager in Europe has launched ETF share classes within
existing EU-regulated money market funds (MMFs).
The newly-launched ETF share classes aim to provide
investors with access to the security of capital and daily
liquidity, along with a potential investment return comparable to
standard money-market interest rates, by actively managing
credit, liquidity, and interest rate risks.
In addition, they aim to allow investors to access large
triple-A-rated money market funds through ETF share
classes, benefiting from HSBC AM’s expertise within the liquidity
space, with its first funds launched in 1999.
These ETF share classes are also expected to be the
first ETFs in Europe that qualify as Low Volatility Net
Asset Value (LVNAV) money market funds under the strict
requirements of the EU MMF Regulation, the firm said in a
statement.
They will be registered and available to wholesale and
institutional investors across European markets including the UK,
Germany, Italy, France, Ireland and Luxembourg, and listed on the
London Stock Exchange, Borsa Italiana and Xetra.
HSBC AM manages over $170 billion in liquidity assets across 10
currencies globally, providing investors with access to actively
managed money-market solutions built on more than 30 years of
experience.
DWS, Deutsche Bank, Al Mirqab Capital
DWS and Deutsche Bank
have signed a memorandum of understanding (MoU) for a long-term
collaboration with Al Mirqab
Capital, a Doha-based private family office, to launch a
German Opportunities Mandate.
Initially targeting €1 billion ($1.15 billion) in size, the
mandate will focus on investments to support the transformation
of the German and broader European economy across a range of
industries, including, but not limited to energy, transportation,
defence, education, telecommunications, as well as technology and
innovation.
Europe’s economy continues to grow and benefit from the recent
momentum shift, particularly across equity markets, the
technology sector, and policy initiatives, the firm said in
statement. As the strongest economy in Europe, Germany benefits
from political stability and fiscal defence and infrastructure
spending – including a €500 billion infrastructure fund – that
presents a strong backdrop for private capital investment
opportunities in the upcoming years, the firm continued.
DWS will act as the investment manager, leveraging its expertise
in infrastructure, real estate, direct lending, asset based
finance and its extensive sourcing and origination capabilities
in close co-operation with Deutsche Bank’s corporate bank and
investment bank franchise.
“Germany is firmly back on the agenda for international investors
as a stable, reliable partner and an attractive growth case. We
are honoured that Al Mirqab Capital choose Deutsche Bank and DWS
to provide access to this growth story. We are proud to help
bringing in international capital to support Germany and Europe
on their way to advance growth, strengthen competitiveness and
transform their economies,”Christian Sewing, CEO at Deutsche Bank
said.