HSBC Global Investment Funds - Euro High Yield Bond AC
HSBC Global Investment Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents
Performance
Analysis

Fund Profile

Category: SICAV

The aim is to provide capital growth and income on your investment over time. The Fund will normally invest at least 90% of its assets in lower quality bonds (types of debt securities) and unrated debt securities paying a higher income. The Fund invests in bonds issued by companies, governments or government related agencies from developed markets or emerging markets. The Fund invests in bonds which are mostly denominated in Euro. At times the Fund may also invest in bonds denominated in other developed market currencies. Normally investment in non-Euro denominated currencies will be limited to 10% of the Fund’s assets. The Fund’s primary currency exposure will be to Euro. At times, however, the Fund may have exposure to other currencies. Normally the Fund’s exposure to currencies will be hedged into Euro. The Fund may invest up to 15% of its assets in contingent convertible securities (CoCos). The Fund may invest up to 10% of its assets in other open-ended funds, including other funds of HSBC. The Fund may use derivatives to meet its investment objectives. The Fund may also use derivatives for hedging or efficient portfolio management purposes (such as to manage risks or costs or to generate additional capital or income). The reference currency of the Fund is EUR. The reference currency of this share class is EUR. The Fund is actively managed and does not track a benchmark. The Fund has an internal or external target to a reference benchmark, ICE BofA Euro High Yield BB-B Constrained. The Investment Advisor will use its discretion to invest in securities not included in the reference benchmark based on active investment management strategies and specific investment opportunities. It is foreseen that a significant percentage of the Fund's investments will be components of the reference benchmark. However, their weightings may deviate materially from those of the reference benchmark. The magnitude of the Fund’s performance relative to the benchmark is also monitored, but not constrained, to a target range. Income is reinvested. You may sell your investment on most working days. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within a period of 5 years.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Gold
Gold
Risk and reward profile
3
Lower Risk
Possible Lower
Returns
Higher Risk
Possible Higher
Returns
Key Information
Closing Price 27/03/202039.41
Morningstar categoryEUR High Yield Bond
CurrencyEUR
Distribution statusAccumulating
ISINLU0165128348
Inception Date04/04/2003
Minimum initial amount100.00 EUR
Fees And Charges
Entry feeNone
Purchase charge0.5% (subject to minimum)
Custody feeNone
Exit feeNone
Sale chargeNone
Ongoing charge1.35% of which 0.55% is paid to MeDirect
Fund management company
AddressHSBC Investment Funds (Luxembourg) S.A. C/O HSBC Securities Services (Luxembourg) S.A. 16, BOULEVARD D'AVRANCHES LUXEMBOURG Luxembourg L-1160 Luxembourg
Manager NamePhilippe Igigabel
Manager Start Date15/10/2003
Websitehttp://www.assetmanagement.hsbc.com
Total Net Assets (mil)1,960.12 EUR (29/02/2020)
UCITSYes
AdministratorHSBC France, Luxembourg Branch

Documents

Prospectus
en 29/02/2020
Annual Report
en 31/03/2019
Semi Annual Report
en 30/09/2019
Morningstar Report
28/03/2020

Performance

Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
Annualised performance in EUR
PeriodAnnualised returnDate
1 year-7.41%27/03/2020
3 years-1.10%27/03/2020
5 years0.59%27/03/2020
10 years4.53%27/03/2020
Since launch5.85%27/03/2020
Cumulative performance in EUR
Performance
YTD 01/01/2020-11.93%
1 month-11.39%
3 months-11.94%
6 months-10.90%
Quarterly Returns
Q 1Q 2Q 3Q 4
2020----
20193.75%3.07%0.96%1.13%
2018-0.78%-1.45%1.27%-2.29%
20171.35%1.81%0.95%1.01%
20161.70%0.85%2.90%0.80%
Dividend
No Data Available

Asset Allocation
% Long% Short% Net Assets
Stock0.00%0.00%0.00%
Bond92.55%14.46%78.08%
Cash33.97%20.26%13.71%
Other8.42%0.20%8.21%
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
3.653.143.89
Sharpe Ratio
1.181.000.83
Sortino Ratio
2.531.971.58
Positive Months9.0024.0036.00
Negative Months3.0012.0024.00
Worst Month-1.40-1.47-2.42
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
BHP Billiton Finance Ltd. 4.75% 22/04/2076Australia2.84
Orsted A/S 6.25% 26/06/3013Denmark2.81
Commerzbank Aktiengesellschaft 4% 23/03/2026Germany2.47
Orange S.A. 5% 31/12/2199France2.16
TenneT Holding B.V. 3% 31/12/2199Netherlands2.11
AXA 3.94% 31/12/2199France1.94
Talanx Finanz (lux) 8.37% 15/06/2042Germany1.82
Credit Agricole Assurances 4.25% 31/12/2199France1.79
NN Group N.V. 4.62% 08/04/2044Netherlands1.72
Engie 3.88% 31/12/2199France1.71
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
No Data Available
39.41
Closing Price
All key information and documents must be reviewed before being able to Invest.