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Thornburg Investment Management, a global investment firm overseeing $44 billion in assets, has just had four funds authorised by the Securities and Futures Commission (SFC) for retail distribution in Hong Kong.

They include: Thornburg Investment Income Builder Fund; Thornburg Strategic Income Fund; Thornburg Limited Term Income Fund; and Thornburg Global Opportunities Fund.

The launch marks Thornburg’s first product introduction to retail investors in Hong Kong. The firm’s continued expansion in Asia follows the September 2023 launch of the Thornburg Limited Term Income (UCITS) Fund in Taiwan.

“Introducing four funds to the retail market in Hong Kong is part of our broader plan for business expansion in Asia and strengthens our global distribution growth strategy,” Jonathan Schuman, head of international at Thornburg, said in a statement.

Thornburg’s Investment Income Builder Fund (UCITS) aims to provide investors with a level of income which exceeds the average yield on US stocks generally. The fund, which will grow, subject to periodic fluctuations, over the years on a per share basis, is managed by Matt Burdett, Brian McMahon, Ben Kirby and Christian Hoffmann, the firm added. 

Thornburg’s Strategic Income Fund (UCITS) aims to provide investors with a high level of current income, as well as providing some long-term capital appreciation. It is managed by Lon Erickson, Christian Hoffmann, Jeff Klingelhofer and Ali Hassan.

Thornburg’s Limited Term Income Fund (UCITS) aims to provide investors with as high a level of current income as is consistent with the safety of capital through investments in US dollar-denominated short/intermediate investment grade bonds. It is managed by Lon Erickson, Christian Hoffmann and Jeff Klingelhofer.

Finally, Thornburg’s Global Opportunities Fund (UCITS) aims to provide investors with long-term capital appreciation by investing in equity and debt securities of all types from issuers around the world. It is managed by Brian McMahon and Miguel Oleaga.

Thornburg was founded in Santa Fe, New Mexico, USA in 1982. The firm established Thornburg Investment Management (Asia) Limited in 2019 as a Hong Kong-based regional office to serve clients across Asia.