For the ºÃÉ«ÏÈÉú Sustainable Target Date Funds and the ºÃÉ«ÏÈÉú Target Date Funds, we partner with the money manager AllianceBernstein (AB). They are one of the world’s biggest money managers (with over $650 billion under management) and, most importantly, have an extensive expertise in investment management and pensions (in fact, since 1967).
AB are pioneers in target date funds (TDFs). These are financial instruments in which different people with the same expected retirement date combine their money together to gain the advantages of being part of a large group. In TDFs, your investments are more adventurous at the beginning of your career. As you approach retirement, they become more cautious.
The HSBC Islamic Global Equity Index Fund is administered and managed by HSBC, one of the world’s largest banking and financial services organisations. They serve more than 40 million customers across 64 countries and territories. For the avoidance of doubt, the HSBC Islamic Global Equity Index Fund is not a TDF. You can read more about this fund
here
