Wednesday, September 18, 2019
Martin Hennecke

HSBC bond targets retail investors
<p>HSBC Global Asset Management, the investment management business of the HSBC (0005), has launched a fixed maturity bond fund with a 2.5-year tenor to retail investors in Hong Kong.</p><p>The Global Corporate Fixed Term Bond 2022 offers a potential monthly income through its distribution share class.</p><p>Alison Brown, head of sales of the wholesale business, said: &quot;Fixed maturity bond funds have been a popular investment option among private banking clients. This is the first time HSBC extends this solution to retail investors to help them access the favorable features of single bond investments and bond funds combined.&quot;</p><p>Meanwhile DBS Bank has increased time deposit rates. Hong Kong dollar deposits of over HK$200,000 with four-month and six-month periods offer 2.05 percent and 2.1 percent annual interest rates respectively, up by 5 basis points and 10 basis points respectively.</p>
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