HSBC Global Asset Management (HSBC GAM) has introduced three new passive fixed income funds on its ICAV platform. The new funds are domiciled in Ireland.

The new HSBC Global Funds ICAV – US Government Bond Index Fund, Global Government Bond Index fund, and Global Corporate Bond Index fund will track the Bloomberg Barclays US Treasury index, FTSE World Government Bond index and the Bloomberg Barclays Global Corporate Bond index, respectively.

The funds will be run by the firm’s head of passive fixed income Sebastien Faucher.

HSBC GAM global CIO of fixed income Xavier Baraton said: “The launch of these three funds and our new ICAV platform form part of our strategic initiative to further strengthen HSBC GAM’s proposition within passive investments.

“This initiative is in response to client demand for cost efficient fixed income passive solutions and reflects our commitment to offering clients an effective range of global products and solutions.