HSBC Singapore has launched its first structured note tied to the performance of the AI Powered US Equity 5 Index (AiPEX5) after it was made available for two weeks to investors with investible assets of at least SG$2m (US$1.46m) within its retail banking business.
The note is the first structure in the country to track the US Equity Index (AiPEX) family , which was launched in May as ‘the market’s first to use artificial intelligence (AI) as a method for equity investing’. ‘Investors need strategies that act in real-time to process the vast quantities of big data across the world; each new piece of data represents a potential insight, which could lead to better investment outcomes,’ said Gavin Powell, head of global markets
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