HSBC GAM unveils China government local bond index fund

HSBC Global Asset Management has launched the HSBC China Government Local Bond Index fund, which is designed to offer investors a cost-efficient way to access China's government bond market. The fund will track the performance of the Bloomberg Barclays China Treasury and Policy Bank 9% Capped Bond Index. It will be domiciled in Ireland under HSBC's ICAV platform, which facilitates access to funds globally. The fund will be managed by HSBC Global Asset Management's passive fixed income team,...