Thornburg Investment Management has been given the green light by Hong Kong’s Securities and Futures Commission to distribute four funds to retail investors in the Special Administrative Region.
The four funds are the Thornburg Investment Income Builder fund, the Thornburg Strategic Income fund, the Thornburg Limited Term Income fund, and the Thornburg Global Opportunities fund.
This marks the first time that Thornburg will distribute funds to retail investors in Hong Kong and also follows on the heels of the launch of the Thornburg Limited Term Income fund in Taiwan in September last year.
“Introducing four funds to the retail market in Hong Kong is part of our broader plan for business expansion in Asia and strengthens our global distribution growth strategy,” said Jonathan Schuman, head of international at Thornburg.
“We are excited to introduce a comprehensive portfolio of investment solutions which aim to provide individuals in Hong Kong with a high level of current income and long-term capital appreciation,” said Jeff Klingelhofer, Thornburg’s co-head of investments and a portfolio manager on the Thornburg Strategic Income fund and the Thornburg Limited Term Income fund.
“The launch underlines Thornburg’s commitment to provide individual investors with the confidence to navigate uncertainty in global markets.”
Thornburg’s Investment Income Builder fund aims to provide investors with a level of current income in excess of the average yield on US stocks. It was launched in 2012 and is managed by Matt Burdett, Brian McMahon, Ben Kirby and Christian Hoffmann.
Thornburg’s Strategic Income fund aims to provide investors with a high level of current income as well as some long-term capital appreciation. It was launched in 2018 and is managed by Lon Erickson, Christian Hoffmann, Jeff Klingelhofer and Ali Hassan.
Thornburg’s Limited Term Income fund aims to provide investors with a high level of current income to the extent that is possible through investment in US dollar-denominated short-term bonds. It was launched in 2017 and is managed by Lon Erickson, Christian Hoffmann and Jeff Klingelhofer.
Finally, Thornburg’s Global Opportunities fund aims to provide capital appreciation by investing in equity and debt securities of issuers throughout the world. It was launched in 2012 and is managed by Brian McMahon and Miguel Oleaga.
