HSBC GAM launches fixed-term global corporate bond fund

Fixed until June 2020

HSBC Global Asset Management has launched a fixed-term global corporate bond fund expiring on 30 June 2020.

The HSBC GIF Global Corporate Fixed Term Bond 2020 fund will invest in US dollar-denominated corporate bonds with a diversified outlook, targeting a 3.0-3.5% yield over the fixed term. HSBC GAM hires frontier markets manager to replace Brudenell  The fund has been launched as part of an IPO period running from 10-28 October. It will invest in bonds which mature on or before 30th June 2020, at which point the fund will expire and investors will receive their shares of the net asset value.  The company said the fund will provide a diversified and transparent bond portfolio with ac...