HSBC sees AuM rise thanks to internal collaboration

Global riseHSBC has reported a 6% rise in funds managed by its asset management unit and a 3% increase in assets kept in safekeeping by its custody business. Assets under management (AuM) within HSBC Global Asset Management increased to $445 billion (€391 billion) at December 31, 2014, while assets under custody reached $6.4 trillion, the company says in its annual report. The increase in AuM is thanks to favourable movements in bond and equity markets, and to money raised through closer collaboration with other businesses in the banking group. The asset management devision has been strengthening collaboration across the global HSBC businesses to better serve customers, the banks says, and this helped in attracting $26 billion of net new money. New fund flows mainly went into fixed income and liquidity products. Another $18 billion in reported AuM results from a change in the way the company reports its funds under management. The funds had previously been reported in another category of business. HSBC says the investment performance in over 74% of HSBC Global Asset Management eligible funds by value were above the market median. Assets under administration, a business line that compliments the custody business, increased 6% to $3.2 trillion. At the group level, HSBC saw a drop in profit before tax of 17% to $18.7 billion. ©2015 funds europe

Executive Interviews

INTERVIEW: Put your money where your mouth is

Jun 10, 2016

At Kempen Capital Management, they believe portfolio managers should invest in their own funds. David Stevenson talks to Lars Dijkstra, CIO of the €42 billion manager.

EXECUTIVE INTERVIEW: ‘Volatility is the name of the game’

May 13, 2016

Axa Investment Managers chief executive officer, Andrea Rossi, talks to David Stevenson about bringing all his firm’s subsidiaries under one name and the opportunities that a difficult market...


ROUNDTABLE: Beyond the hype

Oct 13, 2016

The use of smart beta investing continues to grow. Our panel, made up of both providers and users, discusses what the strategy actually means, how it should be used and the kind of pitfalls that may arise when using this innovative investment technique.

MIFID II ROUNDTABLE: Following the direction of travel

Sep 07, 2016

Fund management firms Aberdeen and HSBC Global meet with specialist providers to speak about how the industry is evolving towards MiFID II.