What's New In Investments, Funds? - HSBC, Robeco
The latest news in funds and investments from across the world.
HSBC Global Asset Management has launched the HSBC GIF Asia High Yield Bond Fund, which aims to provide long term total return by investing in a portfolio of high yielding Asian bonds.
The fund will be managed through a disciplined investment process with an active, fundamental approach, combining top-down macro assessment and bottom-up credit analysis. It will invest mainly in non-investment grade bonds, but can also selectively take positions in investment grade and unrated bonds.
The fund will be managed by HSBC Global Asset Management’s Asian fixed income team.
“As negative yielding debt becomes a lot more common, Asian high yield bonds stand out as an asset class offering not only a yield advantage, but a diversification benefit for global investors. Their low default rate, sound corporate fundamentals and strong demand are among other factors to consider when looking at this asset class," Alfred Mui, director and head of Asian credit, and the lead manager of the HGIF Asia High Yield Bond Fund, said.
“The HSBC GIF Asia High Yield Bond Fund offers global investors a
diverse, growing array of opportunities, including corporate,
sovereign, quasi-sovereign, local currency denominated,
convertible and unrated bonds. The experience we have accumulated
through many market cycles in Asia has deepened our understanding
of local asset markets," Mui added.
As of 30 September 2019, HSBC Global Asset Management manages $85 billion in Asian fixed income assets, which includes U$10 billion in Asian credit.
Robeco has launched Robeco QI Global Multi-Factor Bonds, a strategy focused on the credit market sector.
The strategy is designed to beat the Bloomberg Barclays Global
Aggregate Index and invests in a diversified fixed income
portfolio of credits and government bonds with balanced exposure
to the low risk, quality, value, momentum and size factors. Due
to its highly systematic nature and distinct investment style,
investors in the fund can benefit from style diversification with
fundamentally managed global fixed income strategies.
The strategy integrates environmental, social and governance (ESG) criteria into the investment process, and engagement and exclusions are carried out by Robeco’s active ownership team. The fund will be managed by Olaf Penninga and Patrick Houweling, who heads Robeco’s Quant Credit capability.
Robeco QI Global Multi-Factor Bonds is domiciled in Luxembourg and available to institutional and retail investors, as well as wholesale distributors in key markets at the request of investors.