HSBC GAM launches China Government Local Bond Index fund

Asset class 'less impacted by global risk sentiment'

HSBC Global Asset Management (GAM) has launched a new fund offering investors access to China's government bond market.

The HSBC China Government Local Bond Index fund, which has an OCF of 40 basis points, will track the performance of the Bloomberg Barclays China Treasury and Policy Bank 9% Capped Bond index. HSBC GAM's passive fixed income team, led by head of passive fixed income Sebastien Faucher, will manage the fund. HSBC GAM unveils new passive EM debt fund Faucher said: "With global yields at historically low levels, investing in China onshore bonds can offer investors the yield premiums they are searching for. At the same time, our view is that this asset class is far less impacted by globa...