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Boosting the appetite of asset owners for HKD bonds
Cecilia Chan, chief investment officer for fixed income at HSBC Global Asset Management in Asia-Pacific, explains why the firm's strategic outlook on Hong Kong dollar bonds remains positive.
There is increasing potential for Hong Kong dollar (HKD) bonds to play a more meaningful role in asset owners' portfolios. Some of the key benefits of this asset include currency liability matching for local investors, a yield carry over HKD cash holdings, potential stable income, and relatively low volatility with no exchange rate risk – at least for locally-based investors whose base currency is in HKD.
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