HSBC launches short duration high yield bond fund

HSBC Global Asset Management has launched a short duration high yield bond fund aimed at investors looking for protection from the threat of rising interest rates.

The HSBC GIF Global Short Duration High Yield Bond fund - domiciled in Luxembourg - is managed by Xavier Baraton, Global CIO for fixed income at the group. It has a wide geographic remit and the ability to invest across a range of asset classes, but will focus on minimising interest rate risk by buying bonds with durations of three-years or under. It will be comprised of a diversified portfolio of higher-yielding fixed income bonds, which may include high yield and investment grade bonds, as well as Asian and emerging market debt.  Mortgage-backed and asset-backed securities will b...