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HSBC launches structured product linked to AI-driven multi-asset index

The new product uses IBM Watson's AI engine among other technologies.
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HSBC Global Private Banking clients in Asia can now invest in a structured product linked to an AI-driven multi asset index, Artificial Intelligence Powered Global Opportunities Index (AiGO8).

Developed by HSBC and fintech company EquBot, AiGO8 is a rules-based investment strategy featuring IBM Watson’s AI engine and other patented technologies to help turn data into investment insights.

The index provides global diversification with opportunistic exposure to 18 assets, spanning global equities, fixed income, inflation sensitive assets and cash. The portfolio is rebalanced weekly.

Featuring a 100% floor at maturity, the structured product is designed to enable participation in the full upside performance of the investment strategy and limited downside to navigate market volatility.

It is currently available exclusively to HSBC’s Global Private Banking clients and clients with professional investor and accredited investor status booked in Hong Kong and Singapore.

“We are absolutely committed to providing our clients with the solutions they need to help them navigate this fast-changing environment and build future-fit portfolios. This innovative solution is another such example,” said Siew Meng Tan, regional head of HSBC Global Private Banking for Asia Pacific.

Part of the Mark Allen Group.