The launch builds on HSBC AM’s move in 2023 to provide investors with access to both listed and unlisted share classes within a single fund. The development marks the first time an asset manager in Europe has launched ETF share classes within existing EU-regulated money market funds (MMFs).

The newly-launched ETF share classes aim to provide investors with access to the security of capital and daily liquidity, along with a potential investment return comparable to standard money-market interest rates, by actively managing credit, liquidity, and interest rate risks.

In addition, they aim to allow investors to access large triple-A-rated money market funds through ETF share classes, benefiting from HSBC AM’s expertise within the liquidity space, with its first funds launched in 1999.

These ETF share classes are also expected to be the first ETFs in Europe that qualify as Low Volatility Net Asset Value (LVNAV) money market funds under the strict requirements of the EU MMF Regulation, the firm said in a statement.

They will be registered and available to wholesale and institutional investors across European markets including the UK, Germany, Italy, France, Ireland and Luxembourg, and listed on the London Stock Exchange, Borsa Italiana and Xetra.

HSBC AM manages over $170 billion in liquidity assets across 10 currencies globally, providing investors with access to actively managed money-market solutions built on more than 30 years of experience.

DWS, Deutsche Bank, Al Mirqab Capital
  have signed a memorandum of understanding (MoU) for a long-term collaboration with , a Doha-based private family office, to launch a German Opportunities Mandate.

Initially targeting €1 billion ($1.15 billion) in size, the mandate will focus on investments to support the transformation of the German and broader European economy across a range of industries, including, but not limited to energy, transportation, defence, education, telecommunications, as well as technology and innovation.

Europe’s economy continues to grow and benefit from the recent momentum shift, particularly across equity markets, the technology sector, and policy initiatives, the firm said in statement. As the strongest economy in Europe, Germany benefits from political stability and fiscal defence and infrastructure spending – including a €500 billion infrastructure fund – that presents a strong backdrop for private capital investment opportunities in the upcoming years, the firm continued.

DWS will act as the investment manager, leveraging its expertise in infrastructure, real estate, direct lending, asset based finance and its extensive sourcing and origination capabilities in close co-operation with Deutsche Bank’s corporate bank and investment bank franchise.

"Germany is firmly back on the agenda for international investors as a stable, reliable partner and an attractive growth case. We are honoured that Al Mirqab Capital choose Deutsche Bank and DWS to provide access to this growth story. We are proud to help bringing in international capital to support Germany and Europe on their way to advance growth, strengthen competitiveness and transform their economies,"Christian Sewing, CEO at Deutsche Bank said.