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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 31 December 2024, HSBC Asset Management managed assets totalling US$731bn (excluding HSBC Jintrust Fund Management Company Limited) on behalf of its clients. For more information see http://www.global.assetmanagement.hsbc.com/ HSBC Asset Management is the brand name for the asset management businesses of HSBC Holdings plc.

At Royal London Asset Management, we do things a little differently. As an integral part of customer-owned mutual Royal London, we put our clients at the heart of what we do, with a longer-term approach to generating investment returns. We’re committed to delivering outstanding active asset management value for clients around the world. It’s asset management excellence with a longer-term perspective.