HSBC Asset Management
The latest research and outlooks in the ProAllocate library
- Macro
Investment Weekly – 6 November 2026
HSBC Asset Management argues resilient corporate profits and policy buffers have offset oil-price and bond-yield shocks, though mega-cap earnings momentum is fading. It also flags emerging-market debt's new resilience and advocates a Total Portfolio Approach to diversification.
- Emerging Markets
Navigate change - Where Fixed Income meets opportunity – Focus on Emerging Markets Debt
The piece outlines how emerging markets debt can serve as a diversifying allocation within broader fixed income portfolios amid shifting market conditions.
- Portfolio Construction
Multi-Asset Insights
HSBC Asset Management argues that leading pension funds and sovereign wealth funds are shifting from strategic asset allocation to a Total Portfolio Approach, managing portfolios as a single economic entity defined by macro-factor exposures rather than asset-class buckets. It contends this requires governance reform, cultural change and factor-based risk frameworks, though transition is gradual and fraught with implementation challenges.
- Macro
Investment Weekly – 30 October 2026
HSBC Asset Management argues the Fed's restrictive policy is both too loose for AI-boom sectors and too tight elsewhere, creating a K-shaped market split it expects to narrow as rate hikes moderate. It also flags value in securitised credit, Brazilian assets post-election, and UK gilts after the Autumn Budget.
- Equities
Equity Insights – October 2026
HSBC Asset Management argues that higher bond yields have raised the bar for equity returns, making earnings durability and AI monetisation—rather than headline capex—central to further market gains. It sees the next phase favouring selectivity among AI enablers, adopters and emerging markets with independent structural growth drivers.
- Equities
Meet the Quantitative Equity Strategies Co-Head
A video profile follows Quantitative Equity Strategies' Co-Head through a typical workday, illustrating that quantitative investing combines systematic modelling with human judgement rather than relying on models alone.
- Fixed Income
Securitised Credit: An increasingly compelling allocation for institutional investors
HSBC Asset Management argues securitised credit—CLOs, RMBS, CMBS and consumer ABS—offers institutional investors floating-rate income, wider spreads than corporate bonds, and structural protections, with Solvency II reforms set to boost European demand from 2027.
- Fixed Income
Fixed Income - Looking beyond the familiar
HSBC Asset Management's Andrew Jackson argues securitised credit offers wider spreads than tight corporate bond markets while carrying low duration risk, making it an increasingly popular diversifier within fixed income portfolios.
- Portfolio Construction
Investment Weekly – 23 October 2026
HSBC Asset Management argues last week's AI-driven tech selloff showed bonds, old-economy value stocks and a weaker dollar acting as effective hedges. It also highlights India's cheap valuations and emerging-market debt's growing resilience as portfolio diversifiers.