$765 Billion HSBC Asset Management Invests in Singapore Energy Giant SP Group Company SP Mobility Which Operates Singapore Largest High-Speed Electric Vehicle (EV) Charging Network, 2nd Investment by HSBC Asset Management Energy Transition Infrastructure Team SPAC Strategy, 1st Investment in Japan Renewable Energy Platform Tekoma Energy
14th February 2025 | Hong Kong
HSBC Asset Management ($765 billion AUM) has invested in Singapore energy giant SP Group company SP Mobility, which operates Singapore largest high-speed Electric Vehicle (EV) charging network. This is the 2nd investment by HSBC Asset Management Energy Transition Infrastructure team APAC strategy, with the 1st investment in Japan renewable energy platform Tekoma Energy. Announcement (11/2/25): “HSBC Asset Management (“HSBC AM”) today announces an investment1 by its Energy Transition Infrastructure (“ETI”) team in SP Mobility, an SP Group company and a leading Electric Vehicle (EV) Charging Point Operator in Singapore. SP Mobility has been at the forefront of developing Singapore’s EV charging infrastructure since 2018 and currently operates the nation’s largest high-speed EV charging network. As a market leader in Singapore, SP Mobility boasts a strong track record and is well-positioned to rapidly expand its operations, reinforcing its pivotal role in the evolving EV landscape. With Singapore experiencing one of the highest EV adoption rates in Southeast Asia — over a third of new car registrations in 20242 — SP Mobility is set to support the growing demand for electric transport. This investment marks a strategic partnership between HSBC AM and SP Mobility, that combines HSBC AM’s expertise in growing infrastructure platforms in Asia Pacific with SP Mobility’s leading position in Singapore’s EV charging market. Together, both parties aim to amplify SP Mobility’s EV charging network and deliver an enhanced service offering for EV drivers. This collaboration will leverage HSBC AM’s experience in transition infrastructure to explore opportunities for inorganic growth and accelerate expansion for SP Mobility’s suite of EV charging solutions … … HSBC AM ETI’s investment in SP Mobility aims to support SP Mobility’s mission to scale up its EV charging infrastructure and enable green electrification through public and private sector collaborations. In 2024, SP Mobility achieved several milestones, including partnering SingHealth to progressively rollout 300 EV charging points – the largest deployment in the public healthcare cluster – and working with Pyxis on electric vessel charging and EV Connection in Malaysia on cross-border collaboration. This is HSBC AM ETI’s second portfolio company under its Asia Pacific-focused, mid-market, value-added energy transition infrastructure strategy, following an investment in Tekoma Energy, a developed Asia renewable energy platform, headquartered in Tokyo.” In 2024 December, HSBC Asset Management launched the HSBC GIF Strategic Duration & Income Bond Fund, investing in developed market mid-term bonds with 3 to 8 years average duration & monthly payout at 7% annualized rate of Net Asset Value (NAV). The new fund is available in 10 currency share classes USD, HKD, SGD, AUD, NZD, CAD, EUR, GBP, JPY & RMB. The fund manager is Oliver Boulind, who is HSBC Asset Management Head of Global Credit. In 2024 October, HSBC Asset Management and World Bank International Finance Corp (IFC) have announced to setup a fund vehicle for corporate bond issuers in emerging markets to support sustainable growth, and will also invest in HSBC Global Emerging Market Corporate Sustainable Bond Strategy & publicly-listed bonds issued by corporate & financial institutions in emerging markets. The new fund is classified under Article 9 of European Union (EU) Sustainable Finance Disclosure Regulation (SFDR). In 2024 July, HSBC Asset Management ETFs (Exchange-Traded Funds) & index funds AUM increased +180% from $36 billion to $101 billion AUM over 4.25 years from 2020 to 2024 March. HSBC Asset Management ETF AUM is at $37 billion, index funds AUM is at $63 billion, and total AUM is at $712 billion.
“ $765 Billion HSBC Asset Management Invests in Singapore Energy Giant SP Group Company SP Mobility Which Operates Singapore Largest High-Speed Electric Vehicle (EV) Charging Network, 2nd Investment by HSBC Asset Management Energy Transition Infrastructure Team SPAC Strategy, 1st Investment in Japan Renewable Energy Platform Tekoma Energy “
Paul Rhodes, Head of Energy Transition Infrastructure, Asia Pacific, HSBC Asset Management: “We are delighted to announce our investment in SP Mobility, which is in line with our mid-market, value-added, direct equity strategy as well as our focus on developed Asia Pacific markets. Singapore’s EV market is one of the fastest growing segments in the region and we see great growth potential in this area. This investment allows us to provide our investors with access to a new generation of asset classes that support the energy transition in the region.”
S. Harsha, Managing Director for Sustainable Energy Solutions, SP Group: “HSBC AM’s investment validates SP’s vision to pioneer Singapore’s first large-scale public EV charging network, supporting the nation’s green mobility efforts. We believe that strategic collaborations are essential for driving growth, community engagement and adoption in the EV industry, and we are excited to partner with HSBC AM in this transformational collaboration to deliver greater value to our customers and provide them with a larger network of EV chargers.”
$765 Billion HSBC Asset Management Launches HSBC GIF Strategic Duration & Income Bond Fund Investing in Developed Market Mid-Term Bonds with 3 to 8 Years Average Duration & Monthly Payout at 7% Annualized Rate of Net Asset Value, Fund Available in 10 Currency Share Classes USD, HKD, SGD, AUD, NZD, CAD, EUR, GBP, JPY & RMB
18th December 2024 – HSBC Asset Management ($765 billion AUM) has launched the HSBC GIF Strategic Duration & Income Bond Fund, investing in developed market mid-term bonds with 3 to 8 years average duration & monthly payout at 7% annualized rate of Net Asset Value (NAV). The new fund is available in 10 currency share classes USD, HKD, SGD, AUD, NZD, CAD, EUR, GBP, JPY & RMB. The fund manager is Oliver Boulind, who is HSBC Asset Management Head of Global Credit.
Oliver Boulind, Head of Global Credit, HSBC Asset Management & Fund Manager for HSBC GIF Strategic Duration & Income Bond Fund: “Given changing market dynamics, the fund tactically manages duration while taking a holistic investment view across multiple fixed income sectors, and can help investors balance and diversify plus mitigate volatility. For example, high-yield and short-duration bonds may be attractive during economic expansion when interest rates are high. Conversely, long-duration government bonds may outperform if the economic outlook worsens.”
Charles Li, Head of Wholesale, Asia, HSBC Asset Management: “Rising uncertainties in the global markets are likely to translate to a more volatile market environment where the prediction of interest rate movements over a longer time horizon is always challenging, even for financial practitioners. As such, investors should think hard about diversification by having a mix of fixed income investments with different maturities. For bond investors, a mid-term investment strategy can help lower interest rate risk and could be a good way to generate income and growth potential with agility.”
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