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 other currencies but hedged against the greenback.
The Sterling High Income Bond Fund invests in a broad range of fixed interest and high yielding securities denominated in any currency but hedged against the Sterling.
Paul Griffiths, voted best fixed interest manager...