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Asian Fixed Income

By actively managing the developing fixed income markets in Asia, our Asian Fixed Income strategies seek to provide attractive risk-adjusted returns for investors.

Our philosophy

  • We believe that the inefficiencies of the Asian credit market can be identified by the careful and disciplined analysis of Asian economic and industry cycles as well as individual issuers and issues
  • We believe that by understanding the management style and culture of Asian businesses and institutions, while identifying local supply and demand dynamics, we can manage the unique investment risks to take full advantage of our opportunity set
  • We believe that by combining these local insights together with a truly global perspective, we can construct portfolios in a risk controlled framework which consistently deliver superior risk adjusted returns for our clients

Our process

  • We operate a unique and robust investment process built on solid proprietary research
  • We have a stable, well-resourced and award-winning team with over 30 investment professionals and credit research analysts based in 4 offices across Asia

HSBC strengths

  • We have been managing Asian fixed income since 1996
  • Our team benefits from our global credit research platform which utilises the expertise of over 48 seasoned sector specialists across the world
  • We benefit from the goodwill and strong relationships that come with being a part of the HSBC Group, and our strong insight into client needs through on-the-ground presence

Asian High Income Strategy

Why this strategy?

  • Solid macro backdrop and attractive return for Asian credit - Asian fixed income has registered highter return but lower volatility compared to other major fixed income asset classes historically, making it a good addition to a global portfolio
  • The strategy has a good mix of country exposure in high growth regions such as India, Indonesia and China, as well as developed markets such as Singapore and Korea
  • With a maximum exposure to high yield bonds at 45%, the strategy aims to search for the income potential

Asian High Yield Strategy

Why this strategy?

  • Solid macro backdrop and attractive return for Asian credit - Asian fixed income has registered highter return but lower volatility compared to other major fixed income asset classes historically, making it a good addition to a global portfolio
  • The Asian high yield market is growing and becoming increasingly diverse, and has experienced lower default rates compared to its global peers due to the high growth and low borrowing rates in the Asian region
Risk Warning

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.