The Fund aims to provide long-term total returns by investing in a portfolio of Indian bonds. In normal market conditions, at least 90% of the Fund’s net assets are invested in investment-grade bonds (rated as such by a credit ratings agency), non-investment grade bonds (which carry more risk) and other similar securities. The Fund can invest in bonds issued the Indian government, its government agencies, and Indian companies. The Fund’s assets can be denominated in Indian rupee and the US dollar. The Fund can also invest in other instruments, e.g. structured notes and cash.
The Fund may also invest in financial derivative instruments. These are financial instruments whose value is based on underlying assets, for example bonds, stocks and currencies. The derivatives the Fund can use include various types of currency and credit derivatives, options, futures and swaps (among others). The Fund uses derivatives to enhance returns and protect against risks (hedging). They can also be used to gain exposure to the Indian rupee, if the Fund buys holdings that aren’t denominated in, or linked to, the rupee.
HSBC Global Asset Management, the core investment business of the HSBC Group, manages assets totalling USD412.9 billion and is a leader in emerging markets funds across a range of asset classes. HSBC Global Asset Management has a worldwide client base of private clients, intermediaries, corporates and institutions invested in both segregated accounts and pooled funds. HSBC Global Asset Management fulfils its purpose of connecting these customers with investment opportunities through an international network of offices in approximately 20 countries, delivering global capabilities with local market insight. (All figures are as at 30 Jun 2013).
RSP is not available for this fund.
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