HSBC Global Asset Management (HSBC GAM) has launched the Global Short Duration High Yield bond fund as part of its Global Investment Funds range.
The product, managed by Xavier Baraton, has a ‘total return’ aim and invests in B and BB rated bonds. The fund also aims to keep a low sensitivity to interest rate movements by investing in bonds maturing in three years or less.
Based in Luxembourg, the fund has been seeded with $20m. HSBC GAM offers 50 funds to UK investors through its Luxembourg platform.