Fact sheet: HSBC GIF Euro Reserve

Fund information
Fund name
HSBC GIF Euro Reserve AC EUR
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund managers
  • Pauline Bourdaudsince 31/05/2015
  • Ange Riusince 14/01/2013
Fund objective
The sub-fund comprises a selection of Investment Grade rated Euro denominated transferable debt securities money market instruments and other permitted assets such as securities issued by or guaranteed by the governments of participating Euro countries their agencies or instrumentalities and ancillary liquid assets. The portfolio will only invest in investments which have a maximum remaining maturity of 397 days. The average maturity of the portfolio will not exceed 90 days. Variable and Floating Rate Notes will be deemed to mature on the next coupon fixing date. The sub-fund may also invest in financial derivative instruments such as futures options swaps and forward currency contracts and in other currency derivatives. The sub-fund intends to use such financial derivative instruments for inter alia the purposes of managing 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.
Benchmark
  • EONIA
Investment style
None
Investment method
Short Dated Bonds
Quick stats
1 Year return
-0.4%
1 Year rank in sector
41/56
Sector
FO Currency - Euro
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.
0.15%
Fund size
£152m (£184m 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.
67
Top in this sector
Fund name1 Year
Carmignac PtfCapCbe3.1%
Amundi Abs Euro Taux Court1.4%
BNP Paribas Sht Tm Eurpn Secrtn1.1%
Petercam L Liq EUR&FRN0.7%
SG Pvt Bank Accent Euro Cash0.6%
...more in FO Currency - Euro

Performance snapshot

Holdings snapshot

  • Money Market82%
    France14%
    Netherlands1.6%
    Europe1%
    Germany0.7%
  • Money market82%
    Very short dated bonds18%
  • Money Market100%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0%-0.1%-0.2%-0.4%-0.5%-0.4%
Sector-0.1%-0.2%-0.3%-0.4%-0.3%0.1%
Rank within sector42 / 5837 / 5840 / 5741 / 5638 / 5331 / 44
Quartile3rd3rd3rd3rd3rd3rd
Calendar performance
 YTD - 20162015201420132012
Fund-0.3%-0.2%0%-0.1%0.1%
Sector-0.4%-0.1%0.1%0%0.3%
Rank within sector41 / 5638 / 5330 / 5238 / 4826 / 43
Quartile3rd3rd3rd4th3rd
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.
-0.13
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.
0.21
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.
-
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%.
0.05
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.
0.1
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.
-0.78
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.
0.2
Price movement
52 week high17.33
52 week low17.27
Current bid price-
Current offer price-
Current mid price17.27
Region
1Money Market82.04%
2France13.99%
3Netherlands1.64%
4Europe0.99%
5Germany0.67%
6USA0.67%
Industry sector
1Money market82.04%
2Very short dated bonds17.96%
Asset type
1Money Market100%
Individual holdings
1HSBC MONTAIRE ETAT R4.78%
2FRENCH DISCOUNT T-BILL 11/01/20173.29%
3FRENCH DISCOUNT T-BILL 29/12/20162.63%
4FRENCH DISCOUNT T-BILL 15/02/20171.98%
5COOPERATIEVE RABOBANK UA 0.0000 13-JAN-171.64%
6FRENCH DISCOUNT T-BILL 15/03/20171.32%
7ALLIANZ EO+0.10% CDV 09/09/2016 - 09/03/20170.99%
8MET LIFE GLOB FUNDING I 4.6250 16-MAY-170.67%
9SIEMENS FINANCIERINGSMAAT NV 5.125% BDS 20/02/17 EUR10000.67%
Management
Fund manager group
HSBC
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund objective
The sub-fund comprises a selection of Investment Grade rated Euro denominated transferable debt securities money market instruments and other permitted assets such as securities issued by or guaranteed by the governments of participating Euro countries their agencies or instrumentalities and ancillary liquid assets. The portfolio will only invest in investments which have a maximum remaining maturity of 397 days. The average maturity of the portfolio will not exceed 90 days. Variable and Floating Rate Notes will be deemed to mature on the next coupon fixing date. The sub-fund may also invest in financial derivative instruments such as futures options swaps and forward currency contracts and in other currency derivatives. The sub-fund intends to use such financial derivative instruments for inter alia the purposes of managing 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.
Benchmark
  • EONIA
Investment style
None
Investment method
Short Dated Bonds
Fund managers
NameSinceBiography
Pauline Bourdaud31/05/2015
Ange Riu14/01/2013
Compliance
Transparent for Austrian Tax, Transparent for Swiss Tax, Reporting Fund Status, UCITS V Compliant
Domicile
No data available.
Fund for sale in
Austria, Belgium, Switzerland, Czech Republic, Germany, Denmark, Spain, Finland, France, United Kingdom, Greece, Ireland, Italy, Jersey, Luxembourg, Mauritius, Netherlands, Norway, Offshore, Poland, Portugal, Sweden
HSBC GIF Euro Reserve AC EUR
Initial charge5.54%
Annual charge0.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price17.271
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeWY94
HSBC GIF Euro Reserve AC EUR GBP
Initial charge5.54%
Annual charge0.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKQH2
HSBC GIF Euro Reserve AC EUR PLN
Initial charge5.54%
Annual charge0.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price74.697
CurrencyPLN
Price updated24/01/2012
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeMLQ5
HSBC GIF Euro Reserve AC EUR USD
Initial charge5.54%
Annual charge0.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeKQH3
HSBC GIF Euro Reserve AD EUR
Initial charge5.54%
Annual charge0.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price15.373
CurrencyEUR
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeWY93
HSBC GIF Euro Reserve AD EUR GBP
Initial charge5.54%
Annual charge0.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKQH4
HSBC GIF Euro Reserve AD EUR PLN
Initial charge5.54%
Annual charge0.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price66.597
CurrencyPLN
Price updated24/01/2012
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeMLQ6
HSBC GIF Euro Reserve AD EUR USD
Initial charge5.54%
Annual charge0.05%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.15%
Total expense ratio (TER)0.15%
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeKQH5
HSBC GIF Euro Reserve IC EUR
Initial charge5.54%
Annual charge0.05%
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 price17.293
CurrencyEUR
Price updated01/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH182
HSBC GIF Euro Reserve IC EUR GBP
Initial charge5.54%
Annual charge0.05%
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 price-
CurrencyGBP
Price updated01/01/1900
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeKQH6
HSBC GIF Euro Reserve IC EUR PLN
Initial charge5.54%
Annual charge0.05%
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 price74.796
CurrencyPLN
Price updated24/01/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeEWF8
HSBC GIF Euro Reserve IC EUR USD
Initial charge5.54%
Annual charge0.05%
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 price22.574
CurrencyUSD
Price updated24/01/2012
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeH183
HSBC GIF Euro Reserve ID EUR
Initial charge5.54%
Annual charge0.25%
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.35%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classInstitutional
Domicile-
Citi codeFNRH
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