HSBC Asset Management Launches First ETF Share Classes for EU-Regulated Money Market Funds
HSBC Asset Management (HSBC AM) today announces the launch of new ETF share classes for its existing HSBC Sterling Liquidity and HSBC Euro Liquidity Funds, offering investors an alternative and accessible way to manage cash holdings.
The launch builds on HSBC AM’s move in 2023 to provide investors with access to both listed and unlisted share classes within a single fund1. The development marks the first time an asset manager in Europe has launched ETF share classes within existing EU-regulated Money Market Funds (MMFs).
The newly launched ETF share classes aim to provide investors with access to the security of capital and daily liquidity, along with a potential investment return comparable to standard money-market interest rates, by actively managing credit, liquidity, and interest rate risks.
In addition, they aim to allow investors to access large triple-A-rated money market funds through ETF share classes, benefitting from HSBC AM’s long-standing expertise within the liquidity space, with its first funds launched in 1999.
These ETF share classes are also expected to be the first ETFs in Europe that qualify as Low Volatility Net Asset Value (LVNAV) Money Market Funds under the strict requirements of the EU MMF Regulation.
Investor appetite for accessible, low-risk cash-management solutions continues to grow, particularly among institutional allocators seeking flexibility and transparency. The ETF share classes sit within UCITS funds classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR). The ETF share classes are also primarily aimed at wholesale and institutional investors, including fund of funds, private banks, pension funds, insurance and family offices, who require efficient, flexible and transparent cash-management solutions within their portfolios.
They will be registered and available to wholesale and institutional investors across key European markets including the UK, Germany, Italy, France, Ireland and Luxembourg, and listed on the London Stock Exchange, Borsa Italiana and Xetra.
HSBC AM manages over USD 170bn in liquidity assets across 10 currencies globally, providing investors with access to well-established, actively managed money-market solutions built on more than 30 years of experience.
Olga De Tapia, Global Head of ETF & Indexing Sales at HSBC Asset Management said: “As investors increasingly look for greater opportunities in cash and ultra-short-term duration solutions, we are pleased to launch ETF share classes of our existing liquidity funds. This aims to provide investors with more choice and access to our longstanding expertise in the liquidity space through the simplicity of a UCITS ETF wrapper.”
Jonathan Curry, Global CIO, Liquidity, at HSBC Asset Management said: “Building on our robust, well-established active investment process and experience managing money market funds through numerous market cycles, these new launches are designed to give investors peace of mind when looking for a tool to manage their cash and help them to deliver on their objectives of preservation of capital and provision of liquidity. This launch reflects our continued commitment to innovation in liquidity management and to broadening investor access to money-market solutions through listed formats.”
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Ellis Ford - ellis.ford@hsbc.com
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Marketing materials and collateral will be made available soon.
Notes to investors
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. These share classes may be denominated in foreign currencies. Returns and costs may vary with fluctuations in exchange rates.
The information contained in this press release does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security or fund. Any views expressed are subject to change at any time.
This document is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe to any investment.
Any views expressed were held at the time of preparation and are subject to change without notice. While any forecast, projection or target where provided is indicative only and not guaranteed in any way. HSBC Global Asset Management (UK) Limited accepts no liability for any failure to meet such forecast, projection or target.
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Where overseas investments are held the rate of currency exchange may also cause the value of such investments to fluctuate. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets.
HSBC Asset Management
HSBC Asset Management should be referred to either in full or as HSBC AM to avoid confusion with any other financial services firms.
HSBC Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 20 countries and territories, delivering global capabilities with local market insight. As at 30 September 2025, HSBC Asset Management managed assets totalling US$852bn (excluding HSBC Jintrust Fund Management Company Limited) on behalf of its clients.
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HSBC Asset Management is the brand name for the asset management businesses of HSBC Holdings plc.
HSBC Holdings plc
HSBC Holdings plc, the parent company of HSBC, is headquartered in London. HSBC serves customers worldwide from offices in 57 countries and territories. With assets of USD 3,234bn at 30 September 2025, HSBC is one of the world’s largest banking and financial services organisations.