HSBC AM lists four new ETFs on the LSE

HSBC Global Funds ICAV – US Corporate Bond UCITS ETF

The Fund tracks as closely as possible the performance of the Bloomberg US Corporate Bond Index (total return) (the Index). The Index is a rules-based benchmark that tracks the investment grade, fixed-rate, taxable corporate bond market. It includes US Dollar (USD) denominated securities publicly issued by US and non-US industrial, utility and financial issuers.

The currency of the Index is USD and returns are unhedged. The Index is based on the Bloomberg Index Methodology which applies an eligibility criteria based on a set of fundamental core design principles which are designed to accurately and comprehensively measure the underlying Index constituents.

The Fund is passively managed and may invest in corporate investment grade bonds (developed and emerging markets), asset backed securities (ABS) and mortgage backed securities (MBS) all of which are Index constituents. The credit ratings of the Fund’s underlying investments may vary from time to time.

Fund will utilise an investment technique called optimisation which seeks to minimise the difference in return between the Fund and the Index. The Fund will not necessarily invest in every constituent of the Index. The Fund will not invest more than 10% of its assets in other funds.