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HSBC GAM hedges Asian FX in fixed income funds
May 30, 2012
The bank’s global asset management arm has reduced exposure to Asian local currencies as much as possible across its fixed income funds, but continues to accumulate hedged dim sum debt.
HSBC Global Asset Management (HSBC GAM) has reduced its exposure to local currencies across its Asian fixed income funds, but the bank will continue to buy dim sum bonds and hedge them into dollars, said Cecilia Chan, fixed income (chief...
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