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 company said that 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.
The fund will be managed by the 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 initial public offering of the HSBC Investment Grade Bond Fund 2013 is available from March 16, 2009 to March 30, 2009 through HSBC and Hang Seng Bank branches. The minimum investment amount is $1,000.
Bonnie Lam, director and head of wholesale business for HSBC Global Asset Management in Hong Kong, said: 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.
