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Global High Yield Bond

The HSBC GIF Global High Yield Bond Fund focuses on high yield opportunities in the US and Europe. We also manage a US Short Duration High Yield Bond strategy, which aims to provide attractive returns with lower duration and volatility.

Our approach

This actively managed fund aims to maximise total return through specialised credit selection and top-down strategic positioning. With a portfolio of 200+ non-investment grade bonds, the fund offers exposure to a broad range of sectors in global high yield credit markets. The portfolio seeks to invest in a globally diversified portfolio of high yield securities in the US and Europe with tactical off benchmark allocations to Emerging markets and Securitised Credit. The fund invests predominantly in BB and B rated corporate bonds with the flexibility to invest in investment grade or CCC rated bonds opportunistically (based on Bloomberg Barclays rating methodology).

1. Attractive risk/reward profile

HSBC’s relative value focus specialises in uncovering value from misunderstood US and international corporate debt. The fund targets higher risk-adjusted returns than the benchmark through careful portfolio construction, risk budgeting and risk measurement.

2. Global diversification

The lead fund manager allocates assets across multiple regions and asset classes (US, Euro, Emerging Markets, Securitised Credit). This structure captures different yield, quality, duration and volatility characteristics of the global opportunity set.

3. Research-driven, risk-aware

HSBC’s global credit platform leverages our geographic reach for direct access to experienced global teams of fund managers and credit research analysts. Identifying, pricing and combining risks is at the core of our investment approach.

HSBC’s strengths

With over 170 professional investors – including 40+ credit analysts globally we are able to connect UK investors with fixed income opportunities, in most geographies and across all market segments.

Why consider choosing this fund?

  • A clear focus on income generation over the long term
  • A broad investment universe: Opportunities globally with broad exposures to US and Europe with tactical allocations to emerging markets and securitised credit
  • Cost-effective: a convenient and cost-effective way to invest in higher yielding securities
  • Daily valuations and liquidity
  • Income can be distributed monthly: the Fund has monthly distribution share classes
Risk Warning
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. The value of the underlying assets is strongly affected by interest rate fluctuations and by changes in the credit ratings of the underlying issuer of the assets.

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