HSBC Investments has announced it is to launch two new emerging market debt funds by late June.
The HSBC Global Emerging Markets Local Debt Fund and HSBC New World
Income will be available to investors via a collective fund format.
The funds will be managed by Peter Marber and his team at Halbis which is the fundamental active asset management specialist of the HSBC Group.
Both are part of the HSBC Group’s flagship Luxembourg-based Global
Investment Funds SICAV, which is registered for sale in 30 countries and has UK distributor status. Institutional and retail share classes are available.
The HSBC GEM Local Debt Fund aims to outperform major local market
benchmarks by 3 per cent per annum.
HSBC New World Income has an absolute return objective of Libor plus 5 per cent per annum over the long term, with modest volatility.
Marber says: “Local currency EMD is a young and relatively under-researched area that has expanded rapidly in recent years. Local currency EMD already exceeds hard currency EMD four-fold by market capitalisation, and offers plenty of potential to exploit market inefficiencies as well as capture appreciating currencies.”