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What's New In Investments, Funds? – HSBC, Muzinich & Co
Amanda Cheesley
9 May 2022
HSBC
has launched a credit fund that follows specific risk limits, it said last week. The firm’s new offering is called the Muzinich Dynamic Credit Income Fund.
The fund, aka “DCI,” targets a “high level of portfolio income throughout the credit cycle while searching for opportunities presented by dislocated markets,” the firm said in a statement.
Allocations to assets shift depending on the stage of the credit cycle. The flexibility will allow the fund to pursue its higher income objective and to be fully invested across the credit segments, even during volatile markets, Muzinich & Co said.
Michael McEachern, who is the fund’s lead portfolio manager, is supported by portfolio managers Brian Nold and Warren Hyland.
The fund is a sub-fund of Muzinich Funds, a unit trust established in Ireland. It is registered for sale in the UK, France, Germany, Italy, Luxembourg and Switzerland.