Investment Objective: HSBC US Investment Funds - US Short Duration High Yield Bond ZQ1 |
The sub-fund invests for long term total return in a portfolio of high yield securities that are related to the USA whilst maintaining low interest rate risk. The sub-fund invests (normally a minimum of 70% of its net assets) in: · Non-Investment Grade and unrated fixed income securities and other higher yielding bonds issued by issuers which are domiciled in, based in, or carry out the larger part of their business in the USA and denominated in or hedged back into US dollars (USD). · Asset Backed Securities (“ABS”) and Mortgage Backed Securities (“MBS”) up to a maximum of 10% of its net assets. However, for liquidity and/or risk management purposes, the sub-fund may also invest up to 30% of its net assets in Investment Grade fixed income securities. The sub-fund may invest up to 10% of its net assets in fixed income securities issued by issuers which are domiciled in, based in, or carry out the larger part of their business in Emerging Markets. |