HSBC Asset Management has rolled out an India multi-income fund in Hong Kong, seeking to give retail investors “extensive access” to the world’s fifth largest economy.
The HSBC India Multi Income Fund focuses on Indian government, investment grade and high-yield corporate bonds, as well as large, mid-cap and small-cap stocks, and currencies.
“Through active asset allocation in a diversified portfolio of India fixed income, equities and currency, the fund aims to provide investors extensive access to India’s dynamic market, capturing potential income and moderate capital growth opportunities,” the UK asset manager says in a statement on January 2, when the fund was launched.
Gloria Jing, director, multi-asset at HSBC Asset Management, points out that Indian stocks and bonds “exhibit a relatively low correlation to their global and regional peers, offering diversification benefits to a portfolio”.
The initial offering period for the new fund ends on January 12. The minimum investment for individual investors is US$1,000.
London-based HSBC Asset Management had US$662 billion of assets under management as of September 2023.
