The latest news in investment offerings, financial products and other services relevant to wealth advisors and their clients.

Aberdeen
Investment manager Aberdeen has launched the Global Infrastructure Equity Fund in its SICAV I umbrella. It mirrors the US-domiciled abrdn Global Infrastructure mutual fund, which has been managed for around 17 years and by fund manager Josh Duitz, who will also lead the new strategy.

The fund aims to achieve a combination of growth and income by investing in infrastructure-related companies, which adhere to the abrdn Global Infrastructure Promoting ESG Equity Investment approach.

The fund, which will have an annual management charge of 0.75 per cent for the main share class, will be registered for distribution in several European countries including Luxembourg, Switzerland, Germany, Spain, France and Portugal.

Aberdeen manages and administers £517.6 billion ($695 billion) worth of assets for clients. 

HSBC Asset Management
HSBC Asset Management has launched its first evergreen strategy, Horizon Private Equity, to expand access to private equity opportunities for a range of investors.

Built on an open-ended structure, Horizon provides investors with exposure to institutional-quality private equity opportunities, while offering more flexibility than traditional closed-ended strategies through more frequent access to capital, a shorter investment horizon, and a lower entry point.

The strategy takes advantage of high-conviction secondary and co-investment opportunities, to enable faster capital deployment, broader diversification, and greater liquidity than typical primary structures.

Anchored by HSBC’s institutional capital, Horizon enables investors to access a portfolio through a single investment, with exposure to 10,000 underlying companies valued at over $477 million. The portfolio is globally diversified across vintage and sector, including IT, healthcare, consumer discretionary and financials, amongst others.

Horizon is aimed at eligible private wealth and institutional investors across the UK and Europe, Asia, and the Middle East. Horizon complements the firm’s private markets offering, which already includes Vision, its closed-ended annual vintage series across private equity, impact and venture capital. HSBC AM has a long track record of providing private wealth clients with access to alternative asset classes, including through its continued partnership with HSBC Private Bank.

The strategy will be managed by HSBC AM’s private markets team, comprising 31 professionals with an average of 20 years of senior investment experience across Europe, the US, and Asia. 

Horizon marks an expansion of HSBC AM’s private markets capability and builds on the momentum of its alternatives business in recent years, including the rapid growth of its alternative credit platform and the expansion of its real estate capabilities in Asia. 

Hamilton Lane
Private markets investment firm Hamilton Lane has launched the Hamilton Lane Global Private Secondary Fund, an evergreen investment vehicle aimed at the secondary market.

The fund is available to high net worth investors and their advisors, as well as institutional investors, in parts of Europe, the Middle East, Asia, Latin America and Canada. Driven by investor demand, the fund has reached commitments for more than $365 million in assets under management, nearly doubling the launch target size, the firm said in a statement.

HLGPS aims to provide investors with long-term capital appreciation by building a diversified portfolio of secondary investments. The fund offers access to high-quality private market investments diversified across strategies, industries, vintages and geography, in a single fund with quarterly limited liquidity. The strategy focuses on high-quality middle market buyout funds and assets, with significant near-term distribution potential.

Fidelity International
Fidelity International has expanded its exchange-traded fund (ETF) offering in Europe with its new Fundamental Equity ETF range. Two new products have been launched in the range: the Fidelity US Fundamental Large Cap Core UCITS ETF and Fidelity US Fundamental Small-Mid Cap UCITS ETF.

The ETFs, which are sub-advised by Fidelity Investments (a separate US-based company) are now available to clients of Fidelity International through its Irish UCITS ETF range, the firm said in a statement.

The Fidelity US Fundamental Small-Mid Cap UCITS ETF is an Irish-domiciled UCITS ETF [available] in Europe. The structure is designed to allow ETF providers to meet client demand for ETFs that incorporate high value research by also allowing them to protect their active research intellectual property. The ETF, which seeks long-term growth, invests in securities with small to medium market capitalisations.