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HSBC launches SGD income bond fund

Relatively low-risk, the fund joins a short list of SGD funds aimed at retail investors

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Mr Chaddha says retail investors want to grow their capital faster than the average savings rate, but in a risk-weighted and diversified way.

Singapore

HSBC has launched a Singapore dollar income bond fund for retail investors, adding to a small pool of Singapore dollar (SGD) funds regarded as relatively low-risk.

The fund will primarily invest at least half in SGD-denominated bonds issued by governments, government

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