Investec launches two high yield bond funds in Hong Kong
The manager expects the funds will benefit from expected rate falls led by the US in the second quarter of next year.
Investec Asset Management has launched two high-yield bond funds targeted at the Hong Kong market following their recent authorization by the Securities and Futures Commission.The US Dollar High Income Bond Fund holds a portfolio of fixed and floating rate securities issued by governments, institutions and corporations in both developing and developed countries. While securities held are mainly denominated in US dollars, the fund may invest in fixed interest securities denominated in …
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