HSBC Global Asset Management recently added a fourth emerging markets fund to its lineup. The fund, HSBC Total Return Fund, bets primarily in emerging markets debt, denominated in local emerging market or major developed market currencies and derivatives.

The fund’s portfolio management team at HSBC is based in New York and is led by Guillermo Ossés, Head of Emerging Markets Debt Portfolio Management. It sports a net expense ratio of 160 basis points.

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