HSBC Asset Management (HSBC AM) has launched the HGIF Global Equity Circular Economy fund. The fund will be managed by Benedicte Mougeot, Portfolio Manager & Head of Climate Equity and Francois Travaille, Co-Portfolio Manager.
The fund will invest in around 60 companies that are enabling the transition to a circular global economy, by designing out waste and pollution, keeping products and materials in use and regenerating natural systems. It will be benchmark agnostic and take a bottom up, high conviction stock selection approach. There will be no fixed allocations across geographies, sub-subsectors or company stages.
The fund will be classified as Article 9 under the EU’s Sustainable Finance Disclosure Regulation (SFDR) and aims to deliver against all 17 of the UN Sustainable Development Goals.
The fund will target both wholesale and institutional investors with a particular focus on high-net-worth individuals, family offices and private banks.
Benedicte commented: “We’re launching this fund to help finance the transition to more sustainable ways of dealing with resources and waste whilst giving investors access to a unique investment opportunity.”
Erin Leonard, Head of Sustainability, HSBC Asset Management added: “We use the equivalent of 1.8 planets for resources each year1 and critical resources are becoming increasingly scarce. We need for businesses to be smarter in their production and consumption models. This fund will support companies that are leading the way in this incredibly important area of innovation.”
This fund follows the launch of three ESG focused funds this year including two Paris aligned UCITS ETFs focused on EM and Asia-Pacific ex-Japan, and an Asia ESG Bond fund. In addition, last year the firm launched its first thematic healthcare fund. The HSBC GIF Global Equity Sustainable Healthcare Fund aims to address the challenges in the healthcare industry while driving social impact.
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