HSBC Gam launches emerg­ing mar­ket bond funds

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HSBC Global As­set Man­age­ment (HSBC Gam) has launched two emerg­ing mar­ket bond funds tar­get­ing Latin Amer­ica and Asia. Un­der the Lux­em­bourg-based Global In­vest­ment Funds um­brella, the HSBC group is of­fer­ing the Latin Amer­i­can Lo­cal Debt fund and the Asian Cur­ren­cies Bond fund to the UK re­tail mar­ket.

HSBC Gam said the Latin Amer­i­can fund will adopt a con­cen­trated port­fo­lio of 20-50 stocks. It will in­vest purely in lo­cal cur­rency bonds, while the Asian Cur­ren­cies Bond fund will also trade in dol­lar bonds. Both funds will in­vest across gov­ern­ment bonds, in­vest­ment grade and high yield.

HSBC Gam says the Asian cur­rency debt mar­ket is grow­ing rapidly, due to which al­lo­ca­tions to Asian lo­cal cur­rency debt have in­creased this year as in­vestors seek higher yields than those avail­able in the US and in Europe. HSBC Gam has also an­nounced the launch of its first ever fund to fo­cus on the ‘Civet’ economies of Colom­bia, In­done­sia, Viet­nam, Egypt, Tur­key and South Africa

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