HSBC Asset Management Americas Inc. said it plans to issue two new mutual funds that include asset-backed securities as one of their investment options. The new funds are the HSBC Variable Growth and Income Fund and the HSBC Variable Fixed Income Fund.

The growth and income fund's objective is "long-term growth of capital and current income by investing in common and preferred stocks and convertible securities." It may invest the balance of its assets in a variety of fixed income securities, specifically including asset-backed and mortgage-backed debt.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.