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Our global credit strategies – investing in corporate bonds - aim to deliver strong performance for a given level of investment risk. They have an emphasis on income and yield.
Our global credit strategies invest in bonds of companies with stable or improving businesses.
The main driver of our fund performance is the careful selection of the companies that issue bonds and of the bonds themselves
We use a regional approach: we break down the investment universe into US, Europe and Emerging Markets to capture global opportunities and to be more diversified
Many of our global credit strategies use customised benchmarks targeting more attractive returns for a given level of risk
We have created dedicated research tools that are critical to our investment decisions
Our team of over 40 sector specialists who cover the global credit universe is not replicable by many firms
Global High Income Bond Strategy
Aims to generate attractive risk-adjusted returns and steady income. We do this by investing in the “crossover” space - the corporate bonds that are between the ones with the best and worst credit ratings.
We believe bonds in the crossover space present opportunities because technical factors and market overreactions often lead to mispricing. To put it simply, with careful research, we can find bonds that may be undervalued
Many professional investors are only allowed to invest in specific types of bonds: either investment-grade (highest-rated) bonds or high-yield (lowest-rated) bonds. As a bond changes categories, managers are forced to sell. This creates opportunities for managers who can hold bonds that are in transition
By investing the crossover space, we can mix high yield bonds, which deliver more yield, and investment grade bonds, which have a lower risk. This allows us to balance the funds between yield and risk
Our expert analysts focus on specific bonds rather than credit ratings, allowing us to get in-depth knowledge of each bond, and to follow them over time, whatever category they move to
Global High Yield Bond Strategy
The strategy focuses on high-yield opportunities in the US, Europe and Emerging Markets. These are corporate bonds with the lower credit ratings, so they are more risky, but can pay a higher yield.
The performance of our global high-yield bond strategy rests on our careful approach to risk, the knowledge of our local teams and our global research expertise
Diversification is always a key consideration
Why this strategy?
It invests in high-yield corporate bonds with the highest ratings in the category. We can also sometimes invest in investment-grade bonds, or in lower-rated high-yield bonds, if we see a specific opportunity
The strategy allocates assets across the US, Europe and Emerging Markets for diversification and to capture global opportunities
The geographic reach and local insights of our global credit platform support the investment team in sifting through the broad investment universe
For information on how to invest, speak to your adviser
For HSBC fund information and performance, go to the fund centre
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. The value of the underlying assets is strongly affected by interest rate fluctuations and by changes in the credit ratings of the underlying issuer of the assets.
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Terms and conditions
This site is for individual investors in Hong Kong only.
The Funds invest in various investments, such as equities, bonds, money market instruments, collective investment schemes and alternative investments. Each fund has a different investment objective and risk profile.
The Funds may subject to the risks of investing in emerging markets and smaller companies; and may subject to the concentration risks when the investments are concentrated in one or a small number of markets or sectors.
The Funds may invest in non-investment grade bonds, unrated bonds, contingent convertible securities, mortgage backed securities, asset backed securities and urban investment bonds issued by PRC local government financing vehicles (LGFVs) which are subject to additional risks and volatility.
The Funds may have substantial investments in securities issued by a single sovereign issuer (including but not limited to issuer with a non-investment grade credit rating) and are subject to higher concentration risk, sovereign risk and credit risk.
The Funds may gain exposure to hedge fund, absolute return strategy, private equity, real estate sector and Real Estate Investment Trust (REIT) which are subject to additional risks and volatility.
The Funds may invest in onshore Chinese securities through various market access schemes and China A-shares Access Products. Such investments involve additional risks, including the risks associated with China's tax rules and practices.
When investing in Indian bonds, the Funds may need to comply with the licensing regulations in India and may subject to additional risks, including quota restrictions and tax risks.
The Funds may invest in other funds and need to bear the underlying funds' fees and expenses on top of the Funds' own fees and expenses.
The Funds may invest in financial derivative instruments for investment purpose which may lead to higher volatility to their net asset value.
The Funds may pay dividends out of capital or gross of expenses. Dividend is not guaranteed and may result in capital erosion and reduction in net asset value.
Because the Funds' base currency, investments and classes may be denominated in different currencies, investors may be affected adversely by exchange controls and exchange rate fluctuations. There is no guarantee that the currency hedging strategy applied to the relevant classes will achieve its desired result.
Investing in money market funds are not the same as placing funds on deposit with a bank or deposit taking company. The Funds which are money market funds have no obligation to redeem units at their offering value and such Funds are not subject to the supervision of the Hong Kong Monetary Authority. Investors may not recoup the original amount invested in the Funds.
The Funds' investments may involve substantial credit, currency, volatility, liquidity, interest rate, tax and political risks. Investors may suffer substantial loss of their investments in the Funds.
The Funds are NOT equivalent to time deposits. Investors should not invest in the Funds solely based on the information provided herein and should read the offering document of the Fund for details.
You must read carefully the terms and conditions and disclaimers set out here (the 'Terms') and agree to be bound by these Terms prior to registering as a user of this website (the 'Site'). By selecting ACCEPT at the bottom of this page, you agree to be bound by these Terms. If you do not agree to be bound by these Terms please select the DECLINE option below.
I have read and accept the terms above and wish to continue into this site. I confirm that I am an individual investor in Hong Kong.