HSBC Global Asset Management has launched three passive fixed income funds on its new ICAV platform in response to client demand for passive fixed income products.
Domiciled in Ireland, the HSBC Global Funds ICAV - US Government Bond Index fund, Global Government Bond Index fund and Global Corporate Bond Index fund will charge 0.07% and will be managed by the firm's passive fixed income head Sebastien Faucher, who joined from L&G in February. They will track the Bloomberg Barclays US Treasury index, the FTSE World Government Bond index and the Bloomberg Barclays Global Corporate Bond index, respectively. The strategies will utilise its active fixed income team to assist with credit screening, managing credit events, participation in new bond iss...
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