Please upgrade your browser

We take your security very seriously. In order to protect you and our systems, we are making changes to all HSBC websites that means some of the oldest web browser versions will no longer be able to access these sites. Generally, the latest versions of a browser (like Edge, Chrome, Safari, etc.) and an operating system family (like Microsoft Windows, MacOS) have the most up-to-date security features.

If you are seeing this message, we have detected that you are using an older, unsupported browser.

See how to update your browser

Real Assets

We have been investing in, managing, and advising on real assets for over 20 years

Alternative Credit

Alternative Solutions

Real Assets

What’s new

Who we are

Who we are

At HSBC Asset Management, our real asset platform provides investors with access to a suite of listed, direct and indirect real asset investment strategies.

Source: HSBC AM, as of 30th June 2025

Real assets investing

Diversification

Diversification
Real assets have historically had a low correlation with other asset classes, including equities, bonds, and other real assets.
Income/Inflation protection

Income/inflation protection
Real assets can provide a natural hedge in an inflationary environment and can potentially generate high distribution levels.

Growth opportunities

Growth opportunities
Real assets have the potential to deliver on a secular growth pathway driven by a multi-decade investment cycle.

What sets us apart

What sets us apart?

Extensive range

We offer a wide range of real asset investment strategies to suit an investor’s needs

Long experience

We have been investing in, managing, and advising on real assets for over 20 years

Disciplined approach

We approach real asset investing with a disciplined approach to risk and asset management

“Our global real asset platform is built on deep market expertise and a commitment to sustainable value creation. We leverage local insights and global perspectives to identify opportunities across diverse markets, delivering resilient and long-term returns for our clients. Our focus on innovation and sustainability ensures that we are not only adapting to market changes but also leading the way in shaping the future of real asset investments worldwide.”

Joanna Munro, CEO HSBC Alternatives

Joanna Munro

What we do

Leadership

Nick Leming
Nick Leming
Head of Listed Real Estate
Peter Wittendorp
Peter Wittendorp
Head of Real Estate, Asia Pacific
Pierre Gil
Pierre Gil
Director, REIM Business
Paul Rhodes
Paul Rhodes
Head of Energy
Transition Infrastructure,
Asia
Giuseppe Corona
Giuseppe Corona
Head of Listed Real Assets
Karim Ghannam
Karim Ghannam
Global Head of Real Assets

Contact us

If you are considering investing in real assets, or want to learn more about our investment strategies, please get in touch.

Ready to talk?


  • Risk Considerations: There is no assurance that a portfolio will achieve its investment objective or will work under all market conditions. The value of investments may go down as well as up and you may not get back the amount originally invested. Portfolios may be subject to certain additional risks, which should be considered carefully along with their investment objectives and fees.
  • Illiquidity: An investment in alternatives is a long term illiquid investment. By their nature, the alternatives’ investments will not generally be exchange traded. These investments will be illiquid.
  • Long term horizon: Investors should expect to be locked-in for the full term of the investment
  • Economic conditions: The economic cycle and prevailing interest rates will impact the attractiveness of the underlying investments. Economic activity and sentiment also impacts the performance of underlying companies, and will have a direct bearing on the ability of companies to keep up with interest and principal repayments.
  • Valuation: These investments may have no or a limited liquid market, and other investments including those in respect of loans and securities of private companies, may be based on estimates which cannot be marked to market until sale. The valuation of the underlying investments is therefore inherently opaque.
  • Strategy Risk: Investments into alternatives may, among other risks, be negatively affected by adverse regulatory developments or reform, credit risk and counterparty risk. The credit market bears idiosyncratic risks such as borrower fraud, borrower bankruptcy, prepayment risk, security enforceability risk, subordination risk and lender liability risk.
  • Investor’s Capital At Risk: Investors may lose the entirety of invested capital