HSBC AM unveils circular economy fund

Seeking companies designing out waste and pollution

HSBC Asset Management (HSBC AM) has launched a circular economy equity fund for wholesale and institutional investors.

The HGIF Global Equity Circular Economy 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 managed by Benedicte Mougeot, portfolio manager and head of climate equity and Francois Travaille, co-portfolio manager.

Erin Leonard, head of sustainability, said: “We use the equivalent of 1.8 planets for resources each year 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.