HSBC

Custody

International assets grew 14.5% in first half of 2014

International assets under custody increased by 14.5 per cent over the first six months of this year compared to a 3.3 per cent increase for domestic assets, according to figures from the Australian Custodial Services Association (ACSA). The disparity is partly explained by the tilt many leading funds, including the Future Fund, have taken away […]
Unintentional

Climate change: a fiduciary duty to act

There are many accounts about the severity of pollution that rapid industrialisation has brought to China, and one of the most striking is the example of not being able to see from one end of Tiananmen Square to the next owing to smog. This highlights the dangers that unchecked carbon emissions poses, but the government’s […]
Investment Strategy

A different kind of boom

Australian mining booms have traditionally been followed by bust, but when the current cycle fades, the floating currency will insulate the economy from a hard landing, according to a research note from HSBC. HSBC’s chief economist for Australia and New Zealand, Paul Bloxham, says that the current mining boom – which he says has some […]
Investment Strategy

ASX to offer trading in depository receipts

ASX Group, operator of the 151-year old Australian stock market, plans to offer trading in international shares in an effort to turn the exchange into a vital link in 24-hour global trading. ASX plans to offer depositary receipts in miners Xstrata, BHP Billiton, Rio Tinto, bank HSBC Holdings and one other stock by July, subject […]