HSBC has been appointed trustee, custodian and fund administrator for the first two ETFs in Hong Kong under the cross-listing scheme between Hong Kong and mainland China. Financial regulators in both markets have authorised Hang Seng Investment Management and CSOP Asset Management to launch Hang Seng Harvest CSI 300 Index ETF and CSOP Yinhua CSI…
Category: HSBC
HSBC to service Haitong’s ESG ETF in Hong Kong
HSBC has been appointed as the securities services provider by Haitong International Asset Management (HK) Limited for Haitong MSCI China A ESG ETF, the first broad-based ESG ETF listed on the Hong Kong Stock Exchange. Haitong is based in Hong Kong.
PAAMC mandates HSBC in Lux to service first UCITS umbrella fund
HSBC Luxembourg has been appointed by Ping An of China Asset Management (Hong Kong) Co., Ltd. to act as central administrator, depositary/trustee, transfer agent and custodian for its first UCITS umbrella fund, comprised initially of four sub-funds. In 2018 HSBC was appointed to service PAAMC’s first reserved alternative investment fund (RAIF) umbrella. The partnership with…
Samsung Fire & Marine appoints HSBC as global custodian
HSBC has been appointed as global custodian by Samsung Fire & Marine Insurance (SFMI), a non-life insurance company in Korea, for part of its investment portfolio in the U.S., Europe, Japan and China. HSBC completed an asset transition of a portion of SFMI’s fixed income portfolios in these markets. This comes after the bank’s onboarding…
HSBC chooses Ultumus as ETF PCF provider
HSBC has chosen ETF and index data provider Ultumus to be its portfolio composition file (PCF) solution provider. Ultumus will be responsible for performing PCF creation and distribution for HSBC’s ETF clients globally. The first clients will be switched to the Ultumus platform in Q4 with the rest being completed in early 2021.
HSBC to administer first ETF launched under Singapore’s VCC structure
HSBC has been appointed as the custodian and fund administrator for CSOP INVESTMENTS VCC – ICBC CSOP FTSE Chinese Government Bond Index ETF. This is the first ETF launched under the authorised Variable Capital Company (VCC) structure in Singapore. CSOP will officially launch the ETF this month.
HSBC launches two sustainable ETFs
HSBC’s global asset management business has launched two sustainable ETFs: HSBC Emerging Market Sustainable Equity UCITS ETF and HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF. HSBC’s securities services business will provide custody and fund administration services, while also acting as authorised participant and market-maker.
HSBC wins mandate for three new Tabula ETFs in Ireland
Tabula Investment Management Limited, a UK-based passive fixed income manager, has appointed HSBC to service an additional three sub funds on its Ireland-domiciled Tabula ICAV UCITS platform. Tabula North American CDX High Yield Credit Short UCITS ETF was launched in June 2020 and listed on the London Stock Exchange the following month. Tabula will launch…
ReAssure hands HSBC two mandates for GBP43bn
ReAssure Limited, the UK life and pensions company, has appointed HSBC as custodian and fund administrator for GBP28bn (USD36bn) of assets after ReAssure’s GBP650m acquisition of 1.1 million closed life insurance policies from Legal & General. Separately, ReAssure has also appointed HSBC as fund administrator of its shareholder book, amounting to GBP15bn (USD19bn) of assets.…
HSBC appointed trustee for BlackRock’s HK master-feeder ETF
HSBC has been appointed trustee for BlackRock’s iShares MSCI Emerging Markets ETF (HK), the first Hong Kong-domiciled master-feeder ETF structure. BlackRock has launched its new feeder ETF after listing on the Hong Kong Exchange. This came after the Securities and Futures Commission (SFC) announced the relaxation of rules for the master-feeder structure, allowing feeder structures…