HSBC is partnering with Capital Group to distribute the asset manager’s Global Corporate Bond (GCB) fund to its private banking, wealth management and retail clients.
HSBC said that the GCB fund aligns with HSBC Global Private Banking and Wealth CIO’s high conviction theme Opportunities in Quality Credit, which focuses on global investment grade corporate credit.
Launched in 2018, over the past five years the Luxembourg-domiciled UCITS fund outperformed the reference index and peer group.
“While markets have been challenged over the last few years, the return of income to fixed income means that investors can benefit from putting cash to work in high quality bonds with attractive yield for potential future income. Harnessing Capital Group’s strong fixed income capabilities and the Global Corporate Bond fund’s track record with HSBC’s global distribution network, we look forward to supporting more clients around the world to build a balanced portfolio,” said Mike Gitlin, global head of fixed income at Capital Group.
“We are pleased to be working with Capital Group to offer our clients access to its Global Corporate Bond Fund (LUX). This fund firmly aligns with our CIO view to focus on quality bonds, where current yields are at a decade high and we are nearing the end of the Fed’s tightening cycle. Historically, investing at current levels has provided investors with attractive total returns from income and capital growth,” said Annabel Spring, chief executive of HSBC Global Private Banking & Wealth.
