HSBC Enhances Two Fixed Income Funds
April 01 2019 - 1:16PM
Business Wire
***HSBC Strategic Income Fund and HSBC High
Yield Fund each repositioned for greater US market focus***
HSBC Global Asset Management (HSBC) has introduced enhancements
to two of its fixed income mutual funds, aiming to better align
them with common US allocation models. The HSBC Strategic Income
Fund (HBIAX, HBIIX) and the HSBC High Yield Fund (HBYAX,
HBYIX) will increase their focus on US markets with a flexible
investment approach while continuing to leverage HSBC’s unique
global footprint and resources.
The HSBC Strategic Income Fund targets a more consistent
income stream across market environments by opportunistically
investing in an expanded fixed income segment range. It is now
benchmarked to the Bloomberg Barclays US Aggregate Bond Index. The
Fund continues to be managed by Rick Liu.
The HSBC High Yield Fund will continue to seek attractive
risk-adjusted returns, focusing on the US market while tactically
incorporating global opportunities. It is now benchmarked to the
ICE BofA Merrill Lynch U.S. High Yield Constrained Index. The Fund
continues to be managed by Mary Bowers.
“We are pleased to reshape these funds for our US clients,” said
Damion Hendrickson, Head of Sales. “By continuing to leverage the
expertise and insights of our global research network, the funds
can take opportunistic positions outside the US and adapt to
changing markets.”
Investment Products:
ARE NOT A BANK DEPOSIT OR
OBLIGATION OF THE BANK OR ANY OF ITS
AFFILIATES
ARE NOT FDIC
INSURED
ARE NOT INSURED BY ANY
FEDERAL GOVERNMENT AGENCY
ARE NOT GUARANTEED BY THE
BANK OR ANY OF ITS AFFILIATES
MAY LOSE VALUE
Investors should consider the investment objectives, risks,
charges and expenses of the fund carefully before investing.
The prospectus, which contains this and other
information about the fund, should be read carefully before
investing.
Note to editors:
HSBC Global Asset Management
HSBC Global Asset Management, the investment management business
of the HSBC Group, invests on behalf of HSBC’s worldwide customer
base of retail and private clients, intermediaries, corporates and
institutions through both segregated accounts and pooled funds.
HSBC Global Asset Management connects HSBC’s clients with
investment opportunities around the world through an international
network of offices in 26 countries and territories, delivering
global capabilities with local market insight. As at 31 December
2018, HSBC Global Asset Management managed assets totalling
US$455.2 bn on behalf of its clients. For more information see
www.global.assetmanagement.hsbc.com
HSBC Global Asset Management is the marketing name for the asset
management businesses of HSBC Holdings plc.
HSBC Global Asset Management (USA) Inc. is an investment adviser
registered with the US Securities and Exchange Commission. HSBC
Global Asset Management (USA) Inc. serves as the investment adviser
to the HSBC Funds. Foreside Distribution Services, L.P., member
FINRA, is the distributor of the HSBC Funds and is not affiliated
with the adviser. HSBC Securities (USA) Inc., member NYSE, FINRA
and SIPC, is a sub-distributor of the HSBC Funds. Affiliates of
HSBC Global Asset Management (USA) Inc. may receive fees for
providing various services to the funds.
HSBC Bank USA, N.A.
HSBC Bank USA, National Association (HSBC Bank USA, N.A.) serves
customers through retail banking and wealth management, commercial
banking, private banking, and global banking and markets segments.
It operates bank branches in: California; Connecticut; Washington,
D.C.; Florida; Maryland; New Jersey; New York; Pennsylvania;
Virginia; and Washington. HSBC Bank USA, N.A. is the principal
subsidiary of HSBC USA Inc., a wholly-owned subsidiary of HSBC
North America Holdings Inc. HSBC Bank USA, N.A. is a Member of
FDIC. Investment and brokerage services are provided through HSBC
Securities (USA) Inc., (Member NYSE/FINRA/SIPC) and insurance
products are provided through HSBC Insurance Agency (USA) Inc.
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is
headquartered in London. The Group serves customers worldwide
across 66 countries and territories in Europe, Asia, North and
Latin America, and the Middle East and North Africa. With assets of
US$2,558bn at 31 December 2018, HSBC is one of the world’s largest
banking and financial services organisations.
Investment risks:
There is no assurance that a fund will achieve its investment
objective or will work under all market conditions. The value of
investments may go down as well as up and you may not get back the
amount originally invested. Funds may be subject to certain
additional risks, which should be considered carefully along with
their investment objectives and fees. Past performance is no
guarantee of future results. Fixed income is subject to
credit and interest rate risk. Credit risk refers to the ability of
an issuer to make timely payments of interest and principal.
Interest rate risk refers to fluctuations in the value of a fixed
income security that result from changes in the general level of
interest rates. In a declining interest rate environment, a
portfolio may generate less income. In a rising interest-rate
environment, bond prices fall. Foreign and emerging markets:
Investments in foreign markets involve risks such as currency rate
fluctuations, potential differences in accounting and taxation
policies, as well as possible political, economic, and market
risks. These risks are heightened for investments in emerging
markets which are also subject to greater illiquidity and
volatility than developed foreign markets. Derivatives can
be illiquid, may disproportionately increase losses and may have a
potentially large negative impact on performance.
Copyright © 2019. HSBC Global Asset Management (USA) Inc.
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Media enquiries to:Matthew Klein 212-525-4644
matt.klein@us.hsbc.comCharles Clarke +44 207 991 8805
charleswclarke@hsbc.com
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