HSBC Private Bank outlines priorities for Q3 amid optimism about global economic resilience

HSBC Private Bank has outlined its priorities for the third quarter of 2026, noting that it remains optimistic about the resilience of the global economy and expects volatility to be manageable.

In its Q3 2026 Investment Outlook, the private bank forecast that artificial intelligence (AI), energy, and security were set to drive the next wave of strategic investment and support global growth.

Greater global competition and national security priorities were creating the urgency, funding, and policy support required to sustain capital market activities, it added, with private markets expected to have an expanded role to supplement the investment funding gap.

HSBC Private Bank remained optimistic about the global economy, citing lessons learned from the Covid-19 pandemic and shifting international trade dynamics that resulted in governments and businesses diversifying supply chains, trade relationships, and energy sources.

“Volatility is here to stay as global markets react to fast-moving risks and headlines,” commented HSBC Private Bank and Premier Wealth global chief investment officer, Willem Sels.

“The priority is to stay disciplined with resilient and diversified multi-asset portfolios that can withstand short-term uncertainty, while keeping sight of longer-term opportunities emerged from structural growth trends.”

The bank has therefore outlined a portfolio strategy focused on longer-term tailwinds relating to AI, energy independence, and aerospace themes for its high net worth (HNW) and ultra HNW clients.

It said that the approach highlighted opportunities in technology, industrials, materials, and utilities sectors.

Going into Q3, HSBC Private Bank’s four priorities are: investing in the AI-led future; positioning for security and energy independence; building portfolio resilience with multi-asset strategies; and tapping into Asia’s innovation and income opportunities.

“As investment in AI accelerates globally, Asia is well placed to benefit given its leadership in semiconductors and rapid progress in large language models,” said HSBC Private Bank and Premier Wealth chief investment officer, North Asia, Patrick Ho.

“Beyond AI, investors can also find a broadening opportunity set through income potential in bonds, alongside continued improvements in corporate governance reforms across Japan, South Korea, mainland China and Singapore.”

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