HSBC GAM launches passive China bond fund

HSBC Global Asset Management (HSBC GAM) has launched a Chinese government bond fund managed by its passive fixed income team.

The HSBC China Government Local Bond Index Fund tracks the performance of the Bloomberg Barclays China Treasury and Policy Bank 9% Capped Bond Index.

Goldman Sachs Asset Management also launched a China bond exchange-traded fund in October.

Sebastien Faucher, who leads HSBC GAM’s passive team, 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 global risk sentiment, offering compelling diversification benefits.”

Foreign ownership in onshore government and central bank bonds has increased to around 8% and 3%, respectively.

©2019 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

IRELAND SPOTLIGHT

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST