The HSBC GIF Global Emerging Markets Investment Grade Bond invests in investment grade emerging market sovereign and corporate securities. Its benchmark is made up of a 50%/50% split across JP Morgan’s GBI-Emerging Markets Global Diversified Investment Grade Index and its EMBI Global Investment Grade Index.
The second fund, the HSBC GIF Global Emerging Markets Corporate Debt, invests in investment and sub-investment grade corporate debt either located in, or that carry out a relevant part of their business activities, in emerging markets. It is benchmarked against the JP Morgan Corporate Emerging Markets Bond Index – Diversified.
Both funds are part of the company’s Global Investment Funds Sicav and will invest in both hard and local currency securities. They will be managed by a team led by Guillermo Osses, head of global emerging market debt portfolio management.
The firm’s existing emerging market capabilities include local debt and global emerging market bond funds.
