HSBC’s Private Bank Turns Overweight US Stocks on AI Hopes

HSBC’s Private Bank Turns Overweight US Stocks on AI Hopes

HSBC’s private banking arm has gone overweight US stocks and neutral on those in Europe, flipping its view from earlier this year after a breezy round of earnings from US tech companies.

HSBC (LON:HSBA) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

HSBC Holdings plc (LON:HSBA – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 825.33 ($11.17) and traded as high as GBX 883.90 ($11.96). HSBC shares last traded at GBX 879.01 ($11.89), with a volume of 17,348,838 shares trading hands. Analyst […]

HSBC Private bank flips to overweight US stocks on AI surge

HSBC Global Private Banking has shifted its investment stance to overweight on US equities, attributing the move to the accelerating adoption of artificial intelligence (AI) across various sectors and a reduction in geopolitical risks In an interview, HSBC’s Global Chief Investment Officer Willem Sels announced the strategic move, highlighting the long-term growth potential of semiconductors, cloud computing, and AI software. HSBC expects AI to …

Schroders repackages active equity strategy into ETF form - Financial Newswire

Schroders Australia has unveiled its latest addition to its active exchange traded fund (ETF) line-up, with its Schroder Global Core active strategy now available via the Australian Securities Exchange (ASX) in ETF format. The Schroder Global Core Fund – Active ETF (CORE) joins the manager’s existing active ETF range covering global equities, fixed income, multi-asset and Australian high-yield credit, including the Schroder Absolute Return Incom…

HSBC jumps into active ETF market with five quant funds

EXCLUSIVE: HSBC Asset Management is set to make a significant splash in the active ETF market with the launch of five quantitative equity funds.