HSBC GIF Asia High Yield Bond Fund(LU2004780537)
- Fixed income
- High yield
- Asia
- USD Cash
- Accumulating
The Fund aims to provide long term capital growth and income by investing in a portfolio of Asian high yield bonds.
Provides benchmark-oriented exposure to the Asian high-yield bond market, focusing primarily on USD-denominated corporate, sovereign, and quasi-sovereign debt. Offers a diversified portfolio that includes opportunistic allocations to local currency, convertible, and unrated bonds to capture a broad array of regional growth opportunities. Maintains exclusive access for Endowus investors despite being soft-closed to new subscriptions globally due to capacity constraints.
Led by Co-Portfolio Managers Alfred Mui and Ming Leap, who bring an average of over 20 years of investment experience to the strategy. Supported by a seasoned team of on-the-ground credit analysts with a consistent track record in managing Asian high-yield strategies since 2011. Leverages HSBC's extensive global fixed income platform and localized research presence across Asian markets.
Targets consistent alpha generation with a primary focus on bottom-up credit selection, which historically accounts for over 80% of excess returns. Aims to deliver attractive risk-adjusted returns relative to the J.P. Morgan Asia Credit Non-Investment Grade Index over a full market cycle. Performance is driven by a disciplined approach to identifying mispriced credit risk while avoiding structural defaults in the high-yield universe.
Employs a collaborative investment process that integrates top-down macroeconomic analysis with rigorous bottom-up fundamental credit research. Utilizes a risk-guided portfolio construction framework to ensure diversification across sectors, countries, and individual issuers. Focuses on identifying high-conviction credit ideas through proprietary internal ratings and exhaustive due diligence on issuer cash flows and governance.
Endowus offers retail share class with 100% trailer fee rebated back to Endowus investors to achieve lower cost of access.
It serves as a specialized satellite allocation for investors seeking enhanced yield potential through exposure to Asian sub-investment grade credit. Given the specific risk profile of the high-yield sector, it is best utilized alongside broader geographic allocations to manage overall portfolio volatility.
Daily data. Returns as of 06 Sep 2026.
| Year | Total | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
| 2026 | - | 2.2% | -0.0% | -3.2% | 2.1% | 0.2% | 0.8% | 0.3% | 0.3% | - | - | - | - |
| 2025 | 5.7% | -0.5% | 1.9% | -0.2% | -1.4% | 0.1% | 0.8% | 1.1% | 1.4% | 1.6% | 1.0% | -1.1% | 1.1% |
| 2024 | 9.6% | 2.5% | 0.7% | 1.1% | -1.0% | 2.8% | 1.2% | 1.6% | 0.6% | 1.8% | -0.4% | -1.1% | -0.5% |
| 2023 | -6.5% | 6.2% | -2.9% | -2.6% | -1.0% | -5.5% | 1.5% | -2.4% | -5.7% | 0.7% | -0.9% | 4.5% | 2.3% |
| 2022 | -21.5% | -4.2% | -5.3% | -2.7% | -1.0% | -3.6% | -8.3% | -3.3% | 1.2% | -5.4% | -8.2% | 12.5% | 6.3% |
| Load more | 5 of 8 | ||||||||||||
| HSBC US Dollar Liquidity Y | 4.17% |
| CAS Capital No. 2 Ltd. 6.25% (2199-12-31 Maturity) | 2.79% |
| CS Treasury Management Services 9% (2199-12-31 Maturity) | 2.47% |
| Vedanta Resources Finance II PLC 7.75% (2037-07-13 Maturity) | 2.35% |
| Medco Cypress Tree Pte. Ltd. 8.625% (2030-05-19 Maturity) | 2.18% |
| Mongolian Mining Corp / Energy Resources LLC 8.44% (2030-04-03 Maturity) | 2.10% |
| Sammaan Capital Ltd. 7.5% (2030-10-16 Maturity) | 2.06% |
| Japfa Pte Ltd. 7.95% (2031-05-12 Maturity) | 1.93% |
| Standard Chartered PLC 7.625% (2199-12-31 Maturity) | 1.88% |
| Vedanta Resources Finance II PLC 7.375% (2034-07-13 Maturity) | 1.86% |
| Axis Bank Ltd. 6.875% (2199-12-31 Maturity) | 1.74% |
| Muangthai Capital Public Co Ltd. 7.55% (2030-07-21 Maturity) | 1.67% |
| Australian Metcoal Financing Pty Ltd. 6.75% (2034-04-22 Maturity) | 1.67% |
| Tsetsens Mining & Energy LLC 11.375% (2031-02-05 Maturity) | 1.64% |
| Melco Resorts Finance Limited 5.375% (2029-12-04 Maturity) | 1.61% |
Disclaimer: ©2025 Morningstar. All Rights Reserved. The information contained here relating to a particular collective investment scheme: (1) is proprietary to Morningstar Research Pte. Limited and/or its content providers (“Information Provider(s)“) unless otherwise specified; and (2) may not be copied or distributed. Neither the Information Provider nor Endowus guarantee or endorse the accuracy, reliability, completeness or timeliness of the information, or are responsible for any damages or losses arising from any use of this information. Further, for technical reasons, certain information provided by Information Provider may be different from that supplied by the respective fund houses.
This website is for information purposes only and is not and should not be construed as an offer or the solicitation of an offer or a recommendation for the purchase or sale of any investment or subscribe for, or to participate in, any services. Any opinion or estimate above is made on a general basis and none of Endowus, nor any of its affiliates, representatives, or agents have given any consideration to nor have made any investigation of the objective, financial situation, or particular need of any user, reader, any specific person or group of persons. Opinions expressed herein are subject to change without notice. You should carefully consider whether any investment views and investment products/services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances or seek financial advice via Endowus' platform.
Investment involves risk. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Past performance is not an indicator nor a guarantee of future performance. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.
You are responsible for downloads from this website. Endowus does not warrant that any downloads from this website will meet your needs or expectations, or be uninterrupted, secure, or error free or that any files available for downloading through this website are free of computer viruses or other harmful components. You alone are responsible for ensuring adequate protection and backup of data, software, computer, and other equipment is made and appropriate safeguard is in place to detect, prevent and eliminate computer viruses and other harmful effects. Neither Endowus nor the Information Provider will be responsible for any costs or expenses which may be incurred if your use of this website or if any downloads results in any servicing or replacement of property, material, equipment, or data.
This advertisement has not been reviewed by the Monetary Authority of Singapore.