HSBC Global Asset Management Launches New HSBC Investment Grade Bond Fund

HSBC Global Asset Management has launched the HSBC Investment Grade Bond Fund 2013 for investors to capture potentially stable returns amid an uncertain market outlook. The HSBC Investment Grade Bond Fund 2013 will invest in a globally diversified portfolio of

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HSBC Global Asset Management has launched the HSBC Investment Grade Bond Fund 2013 for investors to capture potentially stable returns amid an uncertain market outlook.

The HSBC Investment Grade Bond Fund 2013 will invest in a globally diversified portfolio of around 30 to 40 US dollar-denominated investment grade bonds. The Fund also aims to deliver coupons on a semi-annual basis throughout its four-year investment tenure.

“Under global economic uncertainty, investors are seeking opportunities in quality and less risky asset classes managed in a transparent manner,” says Bonnie Lam, director and head of wholesale business, HSBC Global Asset Management in Hong Kong. “The HSBC Investment Grade Bond Fund 2013, an actively managed bond fund that aims to deliver potentially stable returns while offering a higher level of diversification than a single bond, can address investors’ needs. To provide investors with a clear understanding of what they are investing in, the entire portfolio holdings of the Fund will be disclosed regularly.”

The Fund will be managed by the award-winning fixed income team in Asia-Pacific led by Cecilia Chan, Director and Head of Fixed Income at Halbis, the active fundamental investment specialist of HSBC Global Asset Management. The team, which manages over US$14 billion of fixed income assets as at the end of December 2008, has an average of over 13 years of industry experience and a track record of consistent performance.

“Since the onset of the global credit crisis, financial assets have been tremendously re-priced,” says Cecilia Chan, director and head of fixed income at Halbis in Asia-Pacific. “The significant widening of credit spreads or yield premiums to historical levels indicates the attractive valuations of selected investment grade bonds in the global market, and offers appealing investment opportunities to investors taking a buy and hold approach.

“Backed by our local and global credit research capabilities, we aim to offer a diversified, high quality credit portfolio and employ on-going risk management strategies to manage the credit risk exposure of the portfolio.”

The initial public offering of the HSBC Investment Grade Bond Fund 2013 is available from 16 to 30 March 2009 through HSBC and Hang Seng Bank branches. The minimum investment amount is US$1,000.

D.C.

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