HSBC Global Funds ICAV - China Government Local Bond UCITS ETF BC USD
ISIN IE00BJMD6T08 / Valor 51659340
HSBC Global Funds ICAV - China Government Local Bond UCITS ETF BC USD
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The HSBC China Government Local Bond UCITS ETF primarily invests in Chinese government and policy bank fixed-rate bonds denominated in Renminbi (CNY). These bonds are traded on China's interbank bond market and typically have issuances of at least CNY 5 billion with maturities of one year or more. The fund aims to replicate the Bloomberg China Treasury Policy Bank Index by holding a diversified portfolio of such bonds, ensuring that the average credit quality aligns with the index. While it generally follows the index, the ETF may also include additional bonds to better achieve its investment goals.
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