HSBC AM renames four index funds ahead of ETF share class launch

Fixed income ETFs

HSBC Asset Management has renamed four of its fixed income index funds, in preparation for the launch of a new ETF share class.

From 18 May, the funds will be renamed from ‘index funds' to ‘UCITS ETFs', allowing them to benefit from a dual ETF and unlisted index fund structure. As a result, the Global Government Bond Index fund will become the Global Government Bond UCITS ETF, the Global Corporate Bond Index fund will become the Global Corporate Bond UCITS ETF, the Global Sustainable Government Bond Index Fund will become the Global Sustainable Government Bond UCITS ETF and the China Government Local Bond Index fund will be renamed the China Government Local Bond UCITS ETF. ETF inflows set to rise during 202...