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Multi-asset

Multi-asset strategies are targeted to meet a range of investment objectives which reflect our diverse client base, including pension plans, insurance companies and sovereign entities.

Our portfolios aim to generate consistent return streams by diversifying across markets, asset classes, geographies and investment styles and by managing strict risk budgets.

Our multi-asset range of strategies covers: traditional balanced, risk managed, flexible and income-oriented portfolios, specialised techniques (style factor) and portfolio protection.

View our multi-asset strategies

Why Multi-asset with HSBC Asset Management?

	Scale and experience Global multi-asset solutions backed by 30+ years’ experience in multi-asset portfolio management		Access Our multi-asset investment capabilities leverage HSBC's global network
	Disciplined investment approach Active management grounded in academic research and evidence-based analysis		Client value Flexible investment platform delivering scalable and customised solutions

Our multi-asset investment philosophy is based on the belief that:

Markets are inherently inefficient over the short to medium term
Asset prices exhibit excess volatility, relative to fundamentals, often leading to market mispricing
However, markets can be expected to revert to a measure of 'fundamental value' over the long term
We believe active asset allocation based on valuation can exploit this market over-reaction and mean reversion
Asset allocation is the key driver of portfolio return and must be dynamic

Following on from this philosophy, we aim to develop:

Robust valuation metrics to review the long term return potential on all available asset classes, on an ongoing basis
An investment strategy that is adjusted accordingly, shifting portfolio allocations toward asset classes with the best prospective risk-adjusted returns
Fulfilment that aims to capture the beta characteristics of the targeted asset classes on a cost efficient basis

To achieve this we:

Use asset valuation tools in a systematic way to project future asset class returns
Construct a dynamic asset allocation policy to exploit shifts in prospective returns across assets
Employ a robust optimisation process, enhanced by considered qualitative judgement, and a disciplined rebalancing of portfolios
Carefully manage portfolio risk as well as return potential
Choose the most efficient instrument for execution from a risk, return and cost perspective

The investment process for our core multi-asset solutions consists of three key stages:

Long Term Asset Allocation – setting the portfolio's reference allocation
Active Asset Allocation – risk aware active positions against the portfolio's long term positioning, reviewed frequently to ensure portfolio dynamism
Portfolio Construction – implementation and monitoring of the portfolio

We leverage the insights of a wide range of global teams: macro economists, equity and fixed income investment teams, research specialists that focus on portfolio design and analytics, and product specialists.
Our strategies benefit from years of experience in advising clients on investment guidelines, benchmarks and risk tolerance criteria, together with an extensive knowledge of local regulation and industry trends