HSBC Asset Management's Shariah Multi Asset Fund, launched in October 2023, supports DC pension providers to offer their Muslim employees a more diversified and balanced-risk investment option.

The fund has the aim of generating long-term capital growth through global diversification across equities, listed real estate, bonds, gold, and cash.

HSBC Asset Management takes the 2026 Insurance Asset Risk multi-asset manager of the year award for its understanding of the nuances of Shariah-compliant portfolio construction, across both strategic asset allocation (SAA) and tactical asset allocation (TAA).

In SAA, it reduces risk and portfolio volatility by including Shariah-compliant gold and expands the bond investment universe beyond Sukuk bonds to supranational Islamic Development Bank (ISDB) bonds and International Islamic Liquidity Management Corporation (IILM) certificates.

On the TAA side, within equities, it can implement more granular active views due to the availability of HSBC Shariah-compliant regional equity investment vehicles.