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HSBC Asset Management to phase out thermal coal in active funds

HSBC Asset Management will exclude thermal coal companies from its active funds by 2040, but that policy won’t apply to its existing exchange-traded and index products.
HSBC logo | Photo: picture alliance / NurPhoto | Artur Widak
HSBC logo | Photo: picture alliance / NurPhoto | Artur Widak
By Sheryl Tian Tong Lee / BLOOMBERG

The USD 595 billion asset manager will not participate in listings or primary debt issuance of companies engaged in thermal coal expansion, it said in a statement.

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