HSBC GAM unveils Asia high yield fund

Targeting long-term total return

HSBC Global Asset Management has announced the launch of the HSBC GIF Asia High Yield Bond fund to offer investors a "yield advantage and diversification benefit" over developed country debt.

The fund aims to provide long-term total return by investing in high-yielding Asian bonds and will be managed by the HSBC GAM Asian fixed income team. Losing my religion: What is the point in bonds? It will adopt an active, fundamental approach, combining top-down macro assessment and bottom-up credit analysis. Although its focus is on non-investment grade issues, it can also take positions in investment grade and unrated bonds. Alfred Mui, director and head of Asian credit and lead manager of the new fund, said: "As negative yielding debt becomes a lot more common, Asian high y...