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Peter Marber, Chief Emerging Markets Business Strategist, HSBC

HSBC launches two emerging market debt funds In the US

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HSBC Global Asset Management (USA) Inc has launched two new emerging market debt open-end mutual funds. The HSBC Emerging Markets Debt Fund invests primarily in US dollar denominated fixed income instruments of emerging market issuers and the HSBC Emerging Markets Local Debt Fund invests primarily in fixed income instruments denominated in emerging market local currencies.

Both funds seek to maximize total return and provide exposure to emerging market economies. The HSBC Emerging Markets Local Debt Fund, in addition, has the potential to benefit from exposure to local currency appreciation relative to the US dollar.

The HSBC Emerging Markets Debt team, based in New York, has managed institutional portfolios around the world since 1987. The team is currently led by Guillermo Ossés, Head of Emerging Markets Debt Portfolio Management.
Ossés says: “The launch of the Funds meets the growing demand for foreign investments from individual investors who want to expand beyond US fixed income products. With the structural improvements experienced by emerging market countries, investors willing to accept higher price and income fluctuations than those of traditional fixed income funds can potentially find greater returns and added diversification by incorporating these emerging market debt funds into their long-term investment portfolios.”

Since 1990, due to strong economic fundamentals and improving debt dynamics, emerging market countries have experienced credit upgrades for both corporate and government issuers. Today, over half of the emerging market universe is investment grade and emerging-market bonds have substantially outperformed developed-market bonds over the last 15 years.

Peter Marber (pictured), Emerging Markets Debt Business Strategist for the Americas, says: “HSBC has offered emerging market debt mutual funds overseas since 1998 and we are excited to now bring our expertise to the wider US market.”

Emerging markets fixed income is a key investment strategy for HSBC Global Asset Management, which is considered to be one the largest emerging markets investment managers in the world, currently managing USD145 billion in emerging market assets globally. Marber adds, “We have a global presence in the developed world and in the most dynamic emerging markets, which puts HSBC in the forefront as an Emerging Markets leader in terms of knowledge and expertise.”

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