Top of main content
Kerala, India

Why investors cannot ignore the ‘S’ in ESG

ESG and Sustainable Investing
This insight is about
Investing
Sustainability
ESG

Why investors cannot ignore the ‘S’ in ESG

Apr 25, 2022

For businesses and investors, ESG (environmental, social and governance) integration is not just a nice to have: it has become core to strategic and sustainable growth.

The ‘S’ in ESG in particular is moving rapidly up the agenda due to the effects of the pandemic, which highlighted inequalities in health and wider society; recent social and labour movements; and awareness of the wide and commercially tangible benefits of diversity, inclusion and employee wellbeing.

“Society is looking for fairer economies and fairer companies,” says Willem Sels, Global Chief Investment Officer, HSBC Global Private Banking and Wealth. “We believe those companies that behave in a fair way are going to be the ones that win in the longer term, and investors positioned to anticipate the change will benefit.”

Powering a new social conscience

The COVID-19 pandemic has put social inequalities into sharp focus. One example is stark differences in access to vaccines across the world based on socioeconomic status. Just 14 per cent of the population of low-income countries has received at least one vaccine dose for COVID-19, compared with 79 per cent of the population in high- and upper-middle-income countries.1

Unequal access to healthcare, coupled with longer life expectancies and ageing populations worldwide, has triggered intense demand for sustainable healthcare – that which is affordable and accessible.

“Innovative new technologies are enabling healthcare services to be delivered in novel ways, often at lower overall cost and with better patient outcomes,” Sels notes. “This presents a fascinating investment opportunity with the potential for both social and financial rewards.”

Ethnic minorities, lower-income households and women have also been disproportionately economically affected by the pandemic. In the US, female participation in the labour force is at a 33-year low. Black women, senior managers and women with young children have experienced the greatest challenges: some 23 per cent of women with children younger than 10 considered leaving the workforce in 2020.2

Yet we know greater diversity means greater productivity, greater creativity and therefore greater profits – and increasingly so. One analysis found that companies in the top quartile for gender diversity on executive teams were 25 per cent more likely to have above-average profitability than companies in the fourth quartile – up from 21 per cent in 2017 and 15 per cent in 2014.3

Another key talking point around ESG in recent months has been labour standards, as company supply chains come under scrutiny and consumers push companies to treat employees, customers and society more fairly. 

Everyone is a stakeholder in social issues

Judy Kuszewski is Chief Executive at Sancroft, a sustainability consultancy that works with companies to improve their environmental, ethical and social impact. She explains that regulation has been an important contributor to companies’ new focus on social factors.

“Governments and regulators worldwide are starting to tackle major issues of social concern in a big way,” she says, pointing to the UK Modern Slavery Act, and new rules on human rights due diligence in the EU and Japan. Meanwhile, in China, authorities are pursuing a ‘common prosperity’ drive – an effort to correct social inequalities and bridge the wealth gap.

“China has seen a significant shift from the decades-long focus on quantity of growth to high-quality, low-carbon and inclusive growth,” says Cheuk Wan Fan, Chief Investment Officer, Asia, HSBC Global Private Banking and Wealth. “China’s vision to promote common prosperity and other initiatives under the 14th Five-Year Plan will create new opportunities for growth.”

But there is not just top-down direction from governments on social issues. Shareholders feel empowered to hold companies to account, because the ‘S’ is all about society and people, making everyone a legitimate expert, says Kuszewski. Investors and executives are leading a shift around the role of businesses in society, she suggests, realising that companies need to build and maintain their reputation and “social license” to operate. 

Plus, there is evidence that shareholders and consumers are increasingly willing to pressure companies on social values through their buying habits. A survey from Euromonitor found that more than a third of consumers are willing to boycott brands that don’t align with their values, and switch to those that engage in social issues.4

Corporate social responsibility: cost versus benefit

Being socially responsible does not come at a cost to business. “On the contrary,” notes Sels. “Research shows it is likely to boost their bottom line over time, with additional benefits for employees, customers, investors and the wider economy.”

A truly open and inclusive company culture can also help businesses attract and keep the best talent, which is crucial at the time of the ‘Great Resignation’, and can make employees more motivated and engaged. One study found that organisations with more diverse teams have a 22 per cent lower turnover than those without.5 They can also serve their clients better, boosting sales and profits.

“Gender diversity has been an important investment theme for us through the years,” says Sels. “We believe that diverse teams benefit from diversity of thought and make fewer mistakes because they challenge each other. They are also more aligned with their clients, tend to be stronger when it comes to marketing and have products that are better adapted to the needs of their customers.”

A 2015 report forecast that USD12 trillion could be added to global GDP by 2025 by advancing women’s equality.6 In contrast, globally, the loss in human capital wealth due to gender inequality alone is estimated at USD160.2 trillion,7 so the stakes are high.

Measuring the ‘S’ in ESG

Key to understanding the ‘S’ in ESG and the impact it is having is quantifying success.

ESG rating agencies and investors are enhancing their analysis of social issues and putting pressure on companies to be more transparent. Increasingly, shareholders are asking businesses for more detailed disclosures about outcomes and impact of their initiatives and commitments.

This should add up to clearer ways to assess the impact of company policies and practices on social issues in the future, so investors know where to put their money for best effect.

“Environmental issues may take the spotlight, but social issues are just as important,” Fan says. “Investors have a key role to play in building a future that prioritises resilience, social mobility and the environment alongside economic growth.”

Read more insight from our investment experts here, and discover our high-conviction investment themes in our latest Investment Outlook.

1 Tracking Coronavirus Vaccinations Around the World, New York Times, accessed March 2022 ↩

2 Seven charts that show COVID-19’s impact on women’s employment, McKinsey & Company, March 2021 ↩

3 Diversity wins: How inclusion matters, McKinsey & Company, May 2020 ↩

4 Euromonitor International’s Voice of the Consumer: Lifestyles Survey 2021 ↩

5 Inclusive Mobility: How Mobilizing a Diverse Workforce Can Drive Business Performance, Deloitte, 2018 ↩

6 The power of parity, McKinsey & Company, September 2015 ↩

7 How large is the gender dividend? Measuring selected impacts and costs of gender inequality, World Bank, February 2020 ↩

“Sustainable investments” include investment approaches or instruments which consider environmental, social, governance and/or other sustainability factors (collectively, “sustainability”) to varying degrees. Certain instruments we include within this category may be in the process of changing to deliver sustainability outcomes.

There is no guarantee that sustainable investments will produce returns similar to those which don’t consider these factors. Sustainable investments may diverge from traditional market benchmarks.

In addition, there is no standard definition of, or measurement criteria for sustainable investments, or the impact of sustainable investments (“sustainability impact”). Sustainable investment and sustainability impact measurement criteria are (a) highly subjective and (b) may vary significantly across and within sectors. 

HSBC may rely on measurement criteria devised and/or reported by third party providers or issuers. HSBC does not always conduct its own specific due diligence in relation to measurement criteria. There is no guarantee: (a) that the nature of the sustainability impact or measurement criteria of an investment will be aligned with any particular investor’s sustainability goals; or (b) that the stated level or target level of sustainability impact will be achieved.

Sustainable investing is an evolving area and new regulations may come into effect which may affect how an investment is categorised or labelled. An investment which is considered to fulfil sustainable criteria today may not meet those criteria at some point in the future.

This is a marketing communication issued by HSBC Private Bank. HSBC Private Bank is the principal private bank business of the HSBC Group. Private Bank may be carried out internationally by different HSBC legal entities according to local regulatory requirements. Different companies within HSBC Private Bank or the HSBC Group may provide the services listed in this document. Members of the HSBC Group may trade in products mentioned in this publication.

 

This document does not constitute independent investment research under the European Markets in Financial Instruments Directive (‘MiFID’), or other relevant law or regulation, and is not subject to any prohibition on dealing ahead of its distribution. Any references to specific financial instruments or issuers do not represent HSBC Private Bank’s views, opinions or recommendations, express or implied, and are provided for information only. The information contained within this document is intended for general circulation to HSBC Private Bank clients. The content of this document may not be suitable for your financial situation, investment experience and investment objectives, and HSBC Private Bank does not make any representation with respect to the suitability or appropriateness to you of any financial instrument or investment strategy presented in this document.

 

This document is for information purposes only and does not constitute and should not be construed as legal, tax or investment advice or a solicitation and/or recommendation of any kind from the Bank to you, nor as an offer or invitation from the Bank to you to subscribe to, purchase, redeem or sell any financial instruments, or to enter into any transaction with respect to such instruments.

 

HSBC Private Bank has based this document on information obtained from sources it believes to be reliable, but which may not have been independently verified. While this information has been prepared in good faith including information from sources believed to be reliable, no representation or warranty, expressed or implied, is or will be made by HSBC Private Bank or any part of the HSBC Group or by any of their respective officers, employees or agents as to or in relation to the accuracy or completeness of this document.

 

It is important to note that the capital value of, and income from, any investment may go down as well as up and you may not get back the original amount invested. Past performance is not a guide to future performance. Forward-looking statements, views and opinions expressed, and estimates given constitute HSBC Private Bank’s best judgement at the time of publication, are solely expressed as general commentary and do not constitute investment advice or a guarantee of returns and do not necessarily reflect the views and opinions of other market participants and are subject to change without notice. Actual results may differ materially from the forecasts/estimates.

 

Some HSBC Offices listed may act only as representatives of HSBC Private Bank and are therefore not permitted to sell products and services, or offer advice to customers. They serve as points of contact only. Further details are available on request.

 

In the United Kingdom, this document has been approved for distribution by HSBC UK Bank plc whose Private Bank office is located at 8 Cork Street, London W1S 3LJ and whose registered office is at 1 Centenary Square, Birmingham, B1 1HQ. HSBC UK Bank plc is registered in England under number 09928412. Clients should be aware that the rules and regulations made under the Financial Services and Markets Act 2000 for the protection of investors, including the protection of the Financial Services Compensation Scheme, do not apply to investment business undertaken with the non-UK offices of the HSBC Group. This publication is a Financial Promotion for the purposes of Section 21 of the Financial Services & Markets Act 2000 and has been approved for distribution in the United Kingdom in accordance with the Financial Promotion Rules by HSBC UK Bank plc, which is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

 

In Guernsey, this material is distributed by HSBC Private Bank(C.I.), which is the trading name of HSBC Private Bank (Suisse) SA, Guernsey Branch, with registered office in Arnold House, St Julian's Avenue, St Peter Port, Guernsey, GY1 3NF. HSBC Private Bank (Suisse) SA, Guernsey Branch is licensed by the Guernsey Financial Services Commission for Banking, Credit, Insurance Intermediary and Investment Business. HSBC Private Bank (Suisse) SA is registered in Switzerland under UID number CHE-101.727.921, with registered office in Quai des Bergues 9-17, 1201 Geneva (GE), Switzerland. HSBC Private Bank (Suisse) SA is licensed as a Bank and Securities Dealer by the Swiss Financial Market Supervisory Authority FINMA. 

 

In Jersey, this material is issued by HSBC Bank plc, Jersey Branch, HSBC House, Esplanade, St. Helier, Jersey, JE1 1HS. HSBC Bank plc, Jersey Branch is regulated by the Jersey Financial Services Commission. HSBC Bank plc is registered in England and Wales, number 14259. Registered office 8 Canada Square, London, E14 5HQ. HSBC Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

 

In Isle of Man, this material is issued by HSBC Bank plc, Clinch’s House, Douglas, IM1 4LN, which is licensed and regulated by the Isle of Man Financial Services Authority. HSBC Bank plc is registered in England and Wales number 14259. Registered office: 8 Canada Square, London, E14 5HQ. HSBC Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.

 

In France, this material is distributed by HSBC Private Bank Luxembourg French Branch - SIREN 911 971 083 RCS Paris. HSBC Private Bank in France is subject to approval and control by the Autorité de Contrôle Prudentiel et de Résolution [Prudential Control and Resolution Authority]. HSBC Private Bank is a Branch of HSBC Private Bank (Luxembourg) S.A. 18 Boulevard de Kockelscheuer L-1821 Luxembourg, Public Limited Luxembourg Company with share capital of : 160.000.000 euros, RCS Luxembourg : B52461, Trade and Companies Register of Paris Bank and Insurance Intermediary registered with the Organisme pour le Registre des Intermédiaires en Assurances [Organisation for the Register of Insurance Intermediaries] under no. 2011CM008 (www.orias.fr) - Intra-community VAT number: FR34911971083. HSBC Private Bank in France - Registered office: 38, avenue Kléber 75116 Paris- FRANCE

 

In or from Switzerland, this marketing material is distributed by HSBC Private Bank (Suisse) SA, a bank regulated by the Swiss Financial Market Supervisory Authority FINMA, whose office is located at Quai des Bergues 9-17, 1201 Geneva, Switzerland. This document does not constitute independent financial research and has not been prepared in accordance with the Swiss Bankers Association’s “Directive on the Independence of Financial Research”, or any other relevant body of law. This marketing material may only be distributed in or from Switzerland to “qualified investors” within the meaning of Art. 10 Para. 3 and 3ter CISA or those clients having signed an advisory mandate with HSBC Private Bank (Suisse) SA. Notwithstanding the preceding text further restrictions may apply for clients serviced from Switzerland but who reside outside of Switzerland. Consequently, the relevant countries restrictions also need complying with.

 

In Abu Dhabi Global Markets (ADGM) The Funds and Securities are distributed in the ADGM by HSBC Bank Middle East Limited, ADGM Branch, Al Sila Tower, The Executive Center, Level 12, PO BOX 764648, Abu Dhabi, is regulated by the ADGM Financial Services Regulatory Authority (FSRA) and lead regulated by the Dubai Financial Services Authority (DFSA).

 

The Prospectus of any Funds and/or the offered Securities and supporting marketing material is for FSRA defined Professional Clients and only a Person meeting this criteria should act upon any Prospectus or any information contained therein.

 

Funds included in this proposal may be established/incorporated in multiple jurisdictions and therefore, subject to the applicable legislation in those jurisdictions. The Funds are regulated by and have the regulatory status as mentioned in the Prospectus. The FSRA of the ADGM accepts no responsibility for reviewing or verifying any Prospectus or other documents in connection with this Fund and the Prospectus of any Fund included in this proposal is not subject to any form of regulation or approval by the FSRA. The FSRA has no responsibility for reviewing or verifying any Prospectus or other documents in connection with these Funds and accordingly, the FSRA has not approved any Prospectus or any other associated documents nor taken any steps to verify the information set out in the Prospectus. Prospective purchasers should conduct their own due diligence on the Units.

 

As for Securities offering this offer document is an Exempt Offer in accordance with the Market Rules of the FSRA. This Exempt Offer document is intended for distribution only to Persons of a type specified in the Market Rules. It must not be delivered to, or relied on by, any other Person. The FSRA has no responsibility for reviewing or verifying any documents in connection with Exempt Offers. The FSRA has not approved this Exempt Offer document nor taken steps to verify the information set out in it, and has no responsibility for it.

 

The Units to which this Prospectus relate to and/or the Securities to which this Exempt Offer relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers of the Units and /or Securities offered should conduct their own due diligence on the Funds and Securities. If you do not understand the contents of this document you should consult an authorised financial adviser.

 

In Dubai International Financial Centre (DIFC) this material is distributed in or from the DIFC by HSBC Private Bank (Suisse) S.A., DIFC Branch, P. O Box 506553, Dubai, United Arab Emirates which is regulated by the Dubai Financial Services Authority (DFSA) and FINMA. HSBC Private Bank (Suisse) S.A, DIFC Branch only deals with DFSA defined Professional Clients and only a Person meeting this criteria should act upon it.

 

Investment securities, funds and products included as part of this is issued by foreign institutions including overseas HSBC Group and third party institutions, therefore is subject to the applicable legislation in those jurisdictions. In respect of these Funds they are regulated by and have the regulatory status as mentioned in the relevant Prospectus. 

 

The Prospectus of any Fund included in this proposal is not subject to any form of regulation or approval by the Dubai Financial Services Authority (“DFSA”). The DFSA has no responsibility for reviewing or verifying any Prospectus or other documents in connection with these Funds. Accordingly, the DFSA has not approved this Prospectus or any other associated documents nor taken any steps to verify the information set out in the Prospectus, and has no responsibility for it.

 

The Units to which the Prospectus relates may be illiquid and/or subject to restrictions on their resale. Prospective purchasers of the Units offered should conduct their own due diligence on the Units. If you do not understand the contents of the document, you should consult an authorized financial adviser. 

 

This document and the Prospectus of any Fund is for DFSA defined Professional Clients and only a Person meeting this criteria should act upon any Prospectus or any information contained therein. A copy of any Prospectus can be obtained upon request from your relationship manager.

 

In Bahrain, this communication is distributed by HSBC Bank Middle East Limited, Bahrain Branch, a member of the HSBC Group, which comprises HSBC Holdings Plc and each of its subsidiaries and includes entities providing private bank services. HSBC Bank Middle East Limited, Bahrain Branch may refer clients to HSBC Group entities providing private bank services as well as, to the extent permissible, refer certain private bank financial products and services to clients in Bahrain. However, such private bank financial products and services shall be governed by the terms and conditions and laws and regulations applicable to relevant HSBC Group entity that will provide the financial products or services.

 

HSBC Bank Middle East Limited, Bahrain Branch, is regulated by the Central Bank of Bahrain and is lead regulated by the Dubai Financial Services Authority.

 

In Qatar, this communication is distributed by HSBC Bank Middle East Limited, Qatar Branch, P.O. Box 57, Doha, Qatar, which is licensed and regulated by the Qatar Central Bank and is lead regulated by the Dubai Financial Services Authority.

 

HSBC Bank Middle East Limited, Qatar Branch may refer clients to HSBC Group entities providing private bank services as well as, to the extent permissible, refer certain private bank financial products and services to clients in Qatar. However, such private bank financial products and services shall be governed by the terms and conditions and laws and regulations applicable to relevant HSBC Group entity that will provide the financial products or services.

 

In Lebanon, this material is distributed by HSBC Financial Services (Lebanon) S.A.L. (“HFLB”), licensed by the Capital Markets Authority as a financial intermediation company Sub N°12/8/18 to carry out Advising and Arranging activities, having its registered address at Centre Ville 1341 Building, 4th floor, Patriarche Howayek Street, Beirut, Lebanon, P.O. Box Riad El Solh 9597.

 

In Hong Kong and Singapore, THE CONTENTS OF THIS DOCUMENT HAVE NOT BEEN REVIEWED OR ENDORSED BY ANY REGULATORY AUTHORITY IN HONG KONG OR SINGAPORE. HSBC Private Bank is a division of Hongkong and Shanghai Bank Corporation Limited. In Hong Kong, this document has been distributed by The Hongkong and Shanghai Bank Corporation Limited in the conduct of its Hong Kong regulated business. In Singapore, the document is distributed by the Singapore Branch of The Hongkong and Shanghai Bank Corporation Limited. Both Hongkong and Shanghai Bank Corporation Limited and Singapore Branch of Hongkong and Shanghai Bank Corporation Limited are part of the HSBC Group. This document is not intended for and must not be distributed to retail investors in Hong Kong and Singapore. The recipient(s) should qualify as professional investor(s) as defined under the Securities and Futures Ordinance in Hong Kong or accredited investor(s) or institutional investor(s) or other relevant person(s) as defined under the Securities and Futures Act in Singapore. Please contact a representative of The Hong Kong and Shanghai Bank Corporation Limited or the Singapore Branch of The Hong Kong and Shanghai Bank Corporation Limited respectively in respect of any matters arising from, or in connection with this report.

 

In Thailand, this material is distributed by The Hongkong and Shanghai Bank Corporation Limited, Bangkok branch. Registered and incorporated in Hong Kong SAR. Registered office: 1 Queen’s Road Central, Hong Kong SAR and registered as a branch office in Thailand having registered number: 0100544000390. Bangkok branch registered office: No. 968 Rama IV Road, Si Lom Sub-district, Bang Rak District, Bangkok Metropolis. Authorized and supervised by the Bank of Thailand and the Securities and Exchange Commission, Thailand.

 

In Luxembourg, this material is distributed by HSBC Private Bank (Luxembourg) S.A RCS B52461, which is located at 18 Boulevard de Kockelscheuer L-1821 Luxembourg and is regulated by the Commission de Surveillance du Secteur Financier (“CSSF”).

 

In the United States, “HSBC Private Bank” is the marketing name for the private bank business. HSBC Private Bank offers bank products and services through HSBC Bank USA, N.A. ("HSBC Bank"), Member FDIC. Investment, annuities, and variable life insurance products are offered by HSBC Securities (USA) Inc. ("HSBC Securities"), member NYSE/FINRA/SIPC. In California, HSBC Securities conducts insurance business as HSBC Securities Insurance Services. License #: OE67746. HSBC Securities is an affiliate of HSBC Bank. Whole life, universal life, term life, and other types of insurance are offered by HSBC Insurance Agency (USA) Inc., a wholly owned subsidiary of HSBC Bank. Products and services may vary by state and are not available in all states. California license #: OD36843.

 

Investments, Annuity and Insurance Products: Are not a deposit or other obligation of the bank or any of its affiliates; Not FDIC insured or insured by any federal government agency; Not guaranteed by the bank or any of its affiliates; and may lose value

 

All decisions regarding the tax implications of your investment(s) should be made in consultation with your independent tax advisor

 

In Australia, this document is issued by HSBC Bank Australia Limited ABN 48 006 434 162, AFSL/ACL 232595 (HBAU). It is prepared by The Hongkong and Shanghai Bank Corporation Limited (HBAP), 1 Queen’s Road Central, Hong Kong. HBAP is incorporated in Hong Kong and is part of the HSBC Group. HBAP has a Sydney Branch ARBN 117 925 970 AFSL 301737. The document is current and is subject to change at any time. 

 

The statements contained in this document is general in nature and does not constitute investment research or a recommendation, or a statement of opinion (financial product advice) to buy or sell investments. This document has not taken into account your personal objectives, financial situation and needs. Because of that, before acting on the document you should consider its appropriateness to you, having regard to your objectives, financial situation or needs.

 

This document is not by any means intended as a solicitation, nor a recommendation to purchase financial products in any jurisdiction in which such an offer is not lawful.

 

Some of the statements contained in this document may be considered forward looking statements which provide current expectations or forecasts of future events. Such forward looking statements are not guarantees of future performance or events and involve risks and uncertainties. Actual results may differ materially from those described in such forward-looking statements. HBAU, HBAP and the HSBC Group of companies do not give any warranty or make any representation as to the accuracy or completeness of the forward-looking statements contained herein, or as to changes in the statements after the publication.

 

The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested. Past performance contained in this document or video is not a reliable indicator of future performance whilst any forecasts, projections and simulations contained herein should not be relied upon as an indication of future results.

 

Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets. Economies in emerging markets generally are heavily dependent upon international trade and, accordingly, have been and may continue to be affected adversely by trade barriers, exchange controls, managed adjustments in relative currency values and other protectionist measures imposed or negotiated by the countries with which they trade. These economies also have been and may continue to be affected adversely by economic conditions in the countries in which they trade. Investments are subject to market risks, read all investment related documents carefully. 

 

HBAU, HBAP and the HSBC Group of companies accepts no responsibility for the accuracy and/or completeness of any third-party information obtained from sources we believe to be reliable but which have not been independently verified.

 

© Copyright 2025. The Hongkong and Shanghai Bank Corporation Limited, ALL RIGHTS RESERVED.

 

No part of this document may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of The Hongkong and Shanghai Bank Corporation Limited.

 

In mainland China, this material is distributed by HSBC Bank (China) Company Limited (“HBCN”) to its customers for general reference only. This document has no contractual value and is not and should not be construed as an offer or the solicitation of an offer or a recommendation for the purchase or sale of any investment or subscribe for, or to participate in, any services. HBCN is not recommending or soliciting any action based on it.

 

In UAE, this material is distributed by HSBC Bank Middle East Limited UAE Branch, which is regulated by the Central Bank of UAE, the Securities and Commodities Authority in the UAE under license number 602004 and for the purpose of this promotion and lead regulated by the Dubai Financial Services Authority.

 

In Kuwait, this material is distributed by HSBC Bank Middle East Limited, Kuwait Branch (HBME KUWAIT) which is regulated by the Central Bank of Kuwait, Capital Markets Authority for licensed Securities Activities and lead regulated by the Dubai Financial Services Authority. This document is directed to clients of HBME KUWAIT and should not be acted upon by any other person. HBME KUWAIT is not responsible for any loss, damage or other consequences of any kind that you may incur or suffer arising from or relating to your use of or reliance on this document. The content of this document does not constitute the offering of advice or recommendation to invest and should not be used as the basis for any decision to buy or sell investments.

 

In HSBC India, this material is distributed by Hongkong and Shanghai Bank Corporation Limited, India (“HSBC India”). HSBC India is a branch of the Hongkong and Shanghai Bank Corporation Limited. HSBC India is an AMFI-registered Mutual Fund Distributor of select mutual funds and a referrer of other 3rd party investment products. Mutual Fund investments are subject to market risks, read all scheme related documents carefully. HSBC India does not distribute investment products to those persons who are either the citizens or residents of United States of America (USA), Canada or any other jurisdiction where such distribution would be contrary to law or regulation. HSBC India, will receive commission from HSBC Asset Management (India) Private Limited, in its capacity as a AMFI registered mutual fund distributor of HSBC Mutual Fund. The Sponsor of HSBC Mutual Fund is HSBC Securities and Capital Markets (India) Private Limited (HSCI), a member of the HSBC Group. Please note that HSBC India and the Sponsor being part of the HSBC Group, may give rise to real, perceived, or potential conflicts of interest. HSBC India has a policy in place to identify, prevent and manage such conflict of interest. HSBC India provides non-discretionary portfolio advisory services for select Private Bank customers under the SEBI (Portfolio Managers) Regulations, 2020 (“PMS Regulations”) vide registration no. INP000000795. Performance of each portfolio may vary for each investor because of 1) the timing of inflows and outflows of funds; and 2) differences in the portfolio composition because of restrictions and other constraints.

 

For SAA/TAA

 

This is an illustrative approach of a globally diversified portfolio allocation strategy across asset classes; the strategy and the underlying fulfilment options are not applicable to India customers.

 

Where your location of residence differs from that of the HSBC entity where your account is held, please go to HSBC Private Bank website > Disclaimer > Cross Border Disclaimer for disclosure of cross-border considerations regarding your location of residence.

 

No part of this publication may be reproduced, stored in a retrieval system, or transmitted, on any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior written permission of HSBC.

 

A complete list of private bank entities is available on our HSBC Private Bank website.

 

©Copyright HSBC 2025

 

ALL RIGHTS RESERVED

 

Related Insights

Connect with us

 
Listening to what you have to say about services matters to us. It's easy to share your ideas, stay informed and join the conversation.