HSBC Launches AI-Powered Equity Index Using AWS
20 Abril 2023 - 10:00AM
Business Wire
Global investment strategy regularly rebalances
portfolio with the aim of providing capital appreciation, inflation
protection and stable fixed income returns
HSBC today announced the launch of the HSBC AI Global Tactical
Index (HSBC AIGT), which will use machine learning powered by
Amazon Web Services, Inc. (AWS) in conjunction with equity
investing. The HSBC AIGT index was developed by HSBC and leverages
the artificial intelligence (AI) capabilities of AWS to carry out
an AI-based index investment process.
HSBC AIGT uses AWS AI services to analyze and learn from data
thousands of times faster than humans, enabling the index to
automatically adapt its approach as market dynamics change and new
information becomes available.
Ibexis Life & Annuity Insurance Company (Ibexis), a provider
of retirement savings products, is the exclusive provider of HSBC
AIGT in its suite of fixed indexed annuities. Applying what has
been learned, HSBC AIGT employs a rules-based investment strategy
that uses advanced techniques in AI and machine learning to
opportunistically invest across a global portfolio of assets. HSBC
AIGT rebalances its portfolio weekly, and, to manage short-term
volatility, reallocates among the chosen portfolio and cash on a
daily basis. HSBC AIGT dynamically shifts in and out of global
equities, gold and bonds in an attempt to provide a combination of
equity capital appreciation, inflation protection, and stable fixed
income returns.
“Successful investment strategies of the future require the
ability to analyze and learn from the growing amount of data, and
react quickly to changing market conditions,” said Dave Odenath,
Global Head of Quantitative Investment Solutions at HSBC Global
Banking and Markets. “HSBC AIGT puts the power of an adaptive AI
system fuelled by data into a global tactical allocation framework,
creating a systematic investment strategy that is designed to keep
up with and thrive in increasingly complex markets.”
“Using AWS artificial intelligence and machine learning
capabilities for the HSBC AI Global Tactical Index, HSBC is meeting
the industry’s evolving needs as it continues to develop innovative
solutions for the investment community,” said Scott Mullins,
Managing Director, Worldwide Financial Services Business
Development at AWS. “We are excited to collaborate with HSBC across
their machine learning initiatives powered by AWS.”
Nate Gemmiti, CEO & President of Ibexis, said, “Ibexis is
excited to launch its fixed indexed annuity with a crediting
strategy linked to the HSBC AIGT. We seek to offer very attractive
annuity products for individuals that desire financial security
during retirement. We believe offering individuals access to the
HSBC AIGT strategy helps fulfil this goal.”
Click here to learn more about equity index products powered by
AI.
About HSBC
HSBC USA Inc. ("HUSI") is a Maryland corporation and its
principal business is to act as a holding company for its
subsidiaries including HSBC Bank USA, N.A. Through HSBC Bank USA,
N.A. and its subsidiaries, HUSI offers a full range of traditional
banking products and services to individuals, including high net
worth individuals, small businesses, corporations, institutions and
governments. HSBC USA Inc. is a wholly-owned subsidiary of HSBC
North America Holdings Inc.
HSBC Holdings plc, the parent company of HSBC, is
headquartered in London. HSBC serves customers worldwide from
offices in 62 countries and territories in its geographical
regions: Europe, Asia, North America, Latin America, and Middle
East and North Africa. With assets of US$2,967bn at 31 December
2022, HSBC is one of the world’s largest banking and financial
services organisations.
Ibexis Life & Annuity Insurance Company. Founded in
1937, Ibexis offers fixed annuities to help clients protect their
financial future and prepare for retirement. Ibexis’ fixed
annuities can help individuals accumulate interest without risk of
losing principal and provide guaranteed income during retirement.
AM Best assigns an A- Financial Strength Rating (4th highest of
13). Ibexis' full ratings report may be viewed at www.ambest.com.
All guarantees are backed by the claims paying ability of Ibexis
Life & Annuity Insurance Company, 221 Bolivar Street, Jefferson
City, MO 65101. Product availability and features may vary by
state.
HSBC U.S. Global Markets Sales and
Trading Disclaimer
This material has been prepared by a member of the sales and
trading department of HSBC Securities (USA) Inc. (“HSI”), HSBC Bank
USA, N.A. (“HBUS”), and/or their affiliates (individually and
collectively, “HSBC”). This material has not been prepared by
HSBC’s research department. This material has been approved for
publication in the United States by HSI, which is regulated by The
Financial Industry Regulatory Authority and the Securities Exchange
Commission, and/or HBUS, which is regulated by the Securities and
Exchange Commission, the Office of the Comptroller of the Currency,
the U.S. Commodity Futures Trading Commission and the National
Futures Association, as a provisionally registered swap dealer and
registered security-based swap dealer. This material is intended
for your sole use and is not for general distribution; you may not
distribute it further without the consent of HSBC. This material is
for informational purposes only and does not constitute an offer or
commitment, or a solicitation of an offer or commitment, to enter
into or conclude any transaction or to purchase or sell any
financial instrument.
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version on businesswire.com: https://www.businesswire.com/news/home/20230420005577/en/
Media enquiries:
Matt Kozar Vice President, External Communications
Matt.Kozar@us.hsbc.com
For Ibexis: Prosek Partners Pro-investcorp@prosek.com
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