HSBC Global Asset Management has launched a passive income fund that will invest in diversified emerging market government debt denominated in US dollars.
The HSBC Global Emerging Market Government Bond Index Fund aims to replicate the performance of the JPMorgan EMBI Global Diversified Total Return Index.
The Ireland-domiciled fund will be managed by HSBC GAM’s passive fixed income team, led by Sebastien Faucher. The team currently manages around US$6.9 billion of assets across various strategies.
Faucher said: “We have seen strong asset allocator demand for the passive fixed income funds on our Icav platform, given the current market trend for more affordable building blocks, one of them being global emerging market government debt.”
The launch of the fund follows the appointment of two fixed income specialists in January this year, Richard Jenkins and Jack Robert Waters.
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