HSBC Global Asset Management has launched the HSBC GIF RMB Fixed Income fund which enables investors to gain access to Chinese fixed income opportunities. The fund, registered for sale across Europe, forms part of HSBC Global Asset Management's Luxembourg-based Global Investment Funds (GIF) SICAV.
The fund is to be managed by the Hong Kong-based Asian fixed income team, which is headed up by Cecilia Chan who has managed Asian fixed income assets at HSBC for the last 17 years. This team already manages a total of US$24bn in Asian fixed income. The minimum investment level for the new fund is US$5,000. The fund will focus on offshore RMB denominated instruments including RMB denominated bonds and RMB deposits. Chan confirms that the fund is structured so that asset allocation will vary over time as opportunities develop in the market and as the regulatory environment evolves. Given ...
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