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HSBC Global Investment Funds - Euro Credit Bond AC
HSBC Global Investment Funds (SICAV domiciled in Luxembourg)
Key Information
Legal Documents

Fund Profile

Category: SICAV

The aim is to provide capital growth and income on your investment over time. The Fund will invest primarily in high quality bonds (types of debt securities) or similar securities which are denominated in Euros. The Fund will invest primarily in bonds or similar securities issued by companies. The Fund may also invest in bonds or similar securities issued by governments or government related agencies. The Fund may invest up to 10% 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, Markit iBoxx EUR Corporates. 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 3 years.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
Lower Risk
Possible Lower
Higher Risk
Possible Higher
Key Information
Closing Price 18/10/202128.18
Morningstar categoryEUR Corporate Bond
Distribution statusAccumulating
Inception Date04/04/2003
Minimum initial amount100.00 EUR
Fees And Charges
Entry feeNone
Custody feeNone
Exit feeNone
Ongoing charge1.10% of which 0.43% 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 NameJean-Olivier Neyrat
Manager Start Date01/05/2009
Total Net Assets (mil)354.34 EUR (30/09/2021)
AdministratorHSBC Continental Europe, Luxembourg


en 30/04/2021
Annual Report
en 31/03/2021
Semi Annual Report
en 30/09/2020
Morningstar Report


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 year0.44%15/10/2021
3 years2.24%15/10/2021
5 years1.23%15/10/2021
10 years4.03%15/10/2021
Since launch3.48%15/10/2021
Cumulative performance in EUR
YTD 01/01/2021-0.95
1 month-0.52
3 months-0.56
6 months-0.27
Quarterly Returns
Q 1Q 2Q 3Q 4


Asset Allocation
% Long% Short% Net Assets
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
Sharpe Ratio
Sortino Ratio
Positive Months7.0022.0031.00
Negative Months5.0014.0029.00
Worst Month-0.98-6.45-6.45
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Top 10 Holdings
HoldingSectorCountry% of Assets
Italy (Republic Of) 6.5% 01/11/2027Italy3.82
Italy (Republic Of) 3.1% 01/03/2040Italy3.54
Deutsche Bank AG 1.75% 17/01/2028Germany2.70
Volkswagen International Finance N.V. 3.88% 31/12/2199Germany2.34
Bank of America Corporation 0.58% 24/08/2028United States2.24
Erste Group Bank AG 0.1% 16/11/2028Austria2.06
EnBW Energie Baden-Wurttemberg AG 1.12% 05/11/2079Germany2.04
AG Insurance SA/NV 3.5% 30/06/2047Belgium1.93
Credit Agricole S.A. 0.12% 09/12/2027France1.91
BNP Paribas 0.88% 31/08/2033France1.78
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
Fixed Income Style
Interest Rate Sensitivity
Credit Quality
Closing Price
All key information and documents must be reviewed before being able to Invest.

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MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.