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Economist: ‘Retirement for most people is financial suicide’


HSBC launches metaverse portfolio for wealthy Asian clients

HSBC Holdings has launched a fund to capture investment opportunities in the metaverse for its rich clients in Hong Kong and Singapore as financial services companies tap into Silicon Valley’s new virtual reality. In a statement on Wednesday, HSBC said its Metaverse Discretionary Strategy portfolio, managed by its asset management arm, will focus on investing within the metaverse ecosystem across five segments – infrastructure, computing, virtualisation, experience and discovery, and interface. “The metaverse ecosystem, while still at its early stage, is rapidly evolving,” said Lina Lim, regional head of discretionary and funds for investments and wealth solutions, Asia Pacific, at HSBC.

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