Fact sheet: HSBC GIF Euro Bd

Fund information
Fund name
HSBC GIF Euro Bond AC EUR
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund managers
  • Jean Philippe Munchsince 21/04/2008
Fund objective
The sub-fund invests for total return primarily in a diversified portfolio of Investment Grade rated fixed income (e.g. bonds) and other similar securities from around the world denominated in Euro. The sub-fund will seek to invest primarily in securities issued in developed markets such as OECD countries. The sub-fund may also invest in financial derivative instruments such as futures options swaps (including but not limited to credit default swaps and Total Return Swaps) and forward currency contracts and in other currency and credit derivatives. These financial derivative instruments may be denominated in currencies other than EUR although the net currency exposure will be very close to 100% in EUR at all times. The sub-fund intends to use such financial derivative instruments for inter alia the purposes of managing interest and credit risks and currency positioning but also to enhance return when the Investment Adviser believes the investment in financial derivative instruments will assist the sub-fund in achieving its investment objectives.The sub-fund may invest up to 10% of its net assets in contingent convertible securities however this is not expected to exceed 5%.
Benchmark
  • Bloomberg Barclays Euro Aggregate
Investment style
None
Investment method
Fixed Interest
Quick stats
1 Year return
2.8%
1 Year rank in sector
6/34
Sector
FO Fixed Int - EUR
Yield
-
Ongoing charge (OCF)
?A fund’s ongoing charges figure (OCF) is similar to the old-style total expense ratio. It reflects the annual charge to investors in the fund, in percentage terms, but does not include extra performance-related fees (where these are levied) or the fund’s trading expenses on its underlying investments.
2.13%
Fund size
£224m (£268m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
72
Top in this sector
Fund name1 Year
Schroder ISF EURCrConv5.4%
Robeco All Strat Euro Bds3.9%
BNP Paribas FlxSecuritisation3.7%
Morg Stnly Euro Stragic Bd3.5%
Lloyds Euro High Inc3.2%
...more in FO Fixed Int - EUR

Performance snapshot

Holdings snapshot

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-1.7%-3.1%-0.9%2.8%12.7%32.2%
Sector-1.2%-1.8%-0.1%1.5%9.5%24.2%
Rank within sector25 / 3425 / 3522 / 356 / 3410 / 309 / 26
Quartile3rd3rd3rd1st2nd2nd
Calendar performance
 YTD - 20162015201420132012
Fund2.8%-1.1%10.8%2.2%13%
Sector1.7%0%7.7%1.5%10.2%
Rank within sector7 / 3428 / 338 / 3111 / 289 / 26
Quartile1st4th2nd2nd2nd
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
-0.75
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
1.54
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.1
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
3.83
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
1.69
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.5
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.92
Price movement
52 week high27.95
52 week low26.09
Current bid price-
Current offer price-
Current mid price26.89
Region
No data available.
Industry sector
No data available.
Asset type
No data available.
Individual holdings
1GERMANY(FEDERAL REPUBLIC OF) 5.5% BDS 4/1/2031 EUR0.013.83%
2ITALY(REPUBLIC OF) 4.75% TB 01/08/23 EUR10003.61%
3ITALY(REPUBLIC OF) 3.75% BDS 01/08/21 EUR10003.59%
4GERMANY(FEDERAL REPUBLIC OF) 4% BDS 04/01/37 EUR0.012.95%
5ITALY(REPUBLIC OF) 5% BDS 01/03/22 EUR10002.73%
6NETHERLANDS(KINGDOM OF) 4% BDS 15/01/37 EUR12.56%
7GERMANY(FEDERAL REPUBLIC OF) 4.75% BDS 04/07/40 EUR0.012.54%
8ITALY(REPUBLIC OF) 4.5% BDS 01/02/20 EUR10002.28%
9SPAIN(KINGDOM OF) 5.75% BDS 30/7/2032 EUR10002.1%
Management
Fund manager group
HSBC
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund objective
The sub-fund invests for total return primarily in a diversified portfolio of Investment Grade rated fixed income (e.g. bonds) and other similar securities from around the world denominated in Euro. The sub-fund will seek to invest primarily in securities issued in developed markets such as OECD countries. The sub-fund may also invest in financial derivative instruments such as futures options swaps (including but not limited to credit default swaps and Total Return Swaps) and forward currency contracts and in other currency and credit derivatives. These financial derivative instruments may be denominated in currencies other than EUR although the net currency exposure will be very close to 100% in EUR at all times. The sub-fund intends to use such financial derivative instruments for inter alia the purposes of managing interest and credit risks and currency positioning but also to enhance return when the Investment Adviser believes the investment in financial derivative instruments will assist the sub-fund in achieving its investment objectives.The sub-fund may invest up to 10% of its net assets in contingent convertible securities however this is not expected to exceed 5%.
Benchmark
  • Bloomberg Barclays Euro Aggregate
Investment style
None
Investment method
Fixed Interest
Fund managers
NameSinceBiography
Jean Philippe Munch21/04/2008Jean-Philippe Munch (Paris) is Head of European Credit Portfolio Management and has been working in the industry since 1987. Prior to joining HSBC in 2005 Jean-Philippe worked as a fixed income trader at CIC. He graduated with a degree in Finance from the Université Paris II – Panthéon Assas (France) and is a Certified European Financial Analyst.
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS IV Compliant, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Ireland, Italy, Jersey, Luxembourg, Mauritius, Netherlands, Norway, Offshore, Panama, Poland, Portugal, Sweden
HSBC GIF Euro Bond AC EUR
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price26.891
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWY89
HSBC GIF Euro Bond AC EUR GBP
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price22.7
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeH620
HSBC GIF Euro Bond AC EUR PLN
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price120.963
CurrencyPLN
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCJ0
HSBC GIF Euro Bond AC EUR SGD
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price41.011
CurrencySGD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWY92
HSBC GIF Euro Bond AC EUR USD
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)2.13%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price28.841
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWY87
HSBC GIF Euro Bond AD EUR
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price19.947
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeH256
HSBC GIF Euro Bond AD EUR GBP
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price16.838
CurrencyGBP
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeH619
HSBC GIF Euro Bond AD EUR PLN
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price89.727
CurrencyPLN
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeCCJ1
HSBC GIF Euro Bond AD EUR SGD
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price30.421
CurrencySGD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeH258
HSBC GIF Euro Bond AD EUR USD
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)1%
Bid price-
Offer price-
Mid price21.393
CurrencyUSD
Price updated05/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeH257
HSBC GIF Euro Bond ADUSD
Initial charge5.54%
Annual charge0.75%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNPH
HSBC GIF Euro Bond BC EUR
Initial charge5.54%
Annual charge0.38%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNPI
HSBC GIF Euro Bond BCGBP
Initial charge5.54%
Annual charge0.38%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNPJ
HSBC GIF Euro Bond BDGBP
Initial charge5.54%
Annual charge0.38%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNPL
HSBC GIF Euro Bond Bd EUR
Initial charge5.54%
Annual charge0.38%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.63%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNPK
HSBC GIF Euro Bond EC EUR
Initial charge5.54%
Annual charge1.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price26.108
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCJ3
HSBC GIF Euro Bond EC EUR GBP
Initial charge5.54%
Annual charge1.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price22.039
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCJ6
HSBC GIF Euro Bond EC EUR PLN
Initial charge5.54%
Annual charge1.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price117.441
CurrencyPLN
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCJ7
HSBC GIF Euro Bond EC EUR SGD
Initial charge5.54%
Annual charge1.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price39.817
CurrencySGD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCJ5
HSBC GIF Euro Bond EC EUR USD
Initial charge5.54%
Annual charge1.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)1.31%
Bid price-
Offer price-
Mid price28.001
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeCCJ4
HSBC GIF Euro Bond ED EUR
Initial charge5.54%
Annual charge1.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNPM
HSBC GIF Euro Bond EDUSD
Initial charge5.54%
Annual charge1.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.3%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNPN
HSBC GIF Euro Bond IC EUR
Initial charge5.54%
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price28.698
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeWY90
HSBC GIF Euro Bond IC EUR GBP
Initial charge5.54%
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price24.226
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH618
HSBC GIF Euro Bond IC EUR PLN
Initial charge5.54%
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price129.092
CurrencyPLN
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeCCJ2
HSBC GIF Euro Bond IC EUR USD
Initial charge5.54%
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price30.779
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeWY88
HSBC GIF Euro Bond ID EUR
Initial charge5.54%
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)0.53%
Bid price-
Offer price-
Mid price10.24
CurrencyEUR
Price updated05/12/2016
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFNPO
HSBC GIF Euro Bond IDUSD
Initial charge5.54%
Annual charge0.38%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.53%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFNPP
HSBC GIF Euro Bond J1C EUR
Initial charge5.54%
Annual charge0.6%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFNPQ
HSBC GIF Euro Bond J1D EUR
Initial charge5.54%
Annual charge0.6%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFNPR
HSBC GIF Euro Bond PC EUR
Initial charge5.54%
Annual charge0.5%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFNPS
HSBC GIF Euro Bond PD EUR
Initial charge5.54%
Annual charge0.5%
Min single investment£50,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.75%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFNPT
HSBC GIF Euro Bond S18C EUR
Initial charge5.54%
Annual charge0.15%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)0.3%
Bid price-
Offer price-
Mid price10.076
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS7H
HSBC GIF Euro Bond S18C EUR GBP
Initial charge5.54%
Annual charge0.15%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)0.3%
Bid price-
Offer price-
Mid price8.506
CurrencyGBP
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS7I
HSBC GIF Euro Bond S18C EUR PLN
Initial charge5.54%
Annual charge0.15%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)0.3%
Bid price-
Offer price-
Mid price45.325
CurrencyPLN
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS7J
HSBC GIF Euro Bond S18C EUR SGD
Initial charge5.54%
Annual charge0.15%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)0.3%
Bid price-
Offer price-
Mid price15.367
CurrencySGD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS7K
HSBC GIF Euro Bond S18C EUR USD
Initial charge5.54%
Annual charge0.15%
Min single investment£20,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.3%
Total expense ratio (TER)0.3%
Bid price-
Offer price-
Mid price10.807
CurrencyUSD
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeFS7L
HSBC GIF Euro Bond ZC EUR
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price11.301
CurrencyEUR
Price updated05/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeWY91
Data provided by

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