HSBC Global Asset Management (USA) has unveiled two new emerging market debt open-end mutual funds. The HSBC Emerging Markets Debt Fund invests in U.S. dollar denominated fixed income instruments of emerging market issuers, while the HSBC Emerging Markets Local Debt Fund invests in fixed income instruments denominated in emerging market local currencies. The vehicles seek to maximize total return and provide exposure to emerging market economies. The HSBC emerging markets debt team, based in New York, is led by Guillermo Ossés, head of emerging markets debt portfolio management.

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