Bond fund opens to retail investorsBusiness | 11 Jun 2019 6:10 pm
HSBC Global Asset Management, the investment management business of the HSBC (0005), launched a fixed maturity bond fund, Global Corporate Fixed Term Bond 2022, with a 2.5-year tenor to retail investors in Hong Kong.
It offers a potential monthly income through its distribution share class.
Alison Brown, head of sales of the wholesale business said: “Fixed maturity bond funds have been a popular investment option among private banking clients. This is the first time HSBC extends this solution to retail investors to help them access the favorable features of single bond investments and bond funds combined. "