Fact sheet: HSBC GIF MS AsiaFocsd Cons

Fund information
Fund name
HSBC GIF Managed Solutions Asia Focused Conservative AC USD
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund manager
  • Denis James Gouldsince 15/03/2013
Fund objective
The sub-fund invests for long term total return through an active asset allocation in a diversified portfolio of fixed income and equity securities as well as money market and cash instruments.The sub-fund will normally invest a minimum of 70 % of its net assets in Asian (including Asia Pacific and excluding Japan) based assets in both fixed income and equity markets including, but not limited to Asia Pacific (excluding Japan) equities, sovereign bonds and corporate bonds. The sub-fund may also invest in other non-Asian based assets such as global emerging market bonds, US Treasuries and eligible closed-ended Real Estate Investment Trusts ("REITs"). Exposure to these assets may be achieved through direct investments and/or investments in units or shares of UCITS and/or other Eligible UCIs.The sub-fund will invest in Investment Grade, Non-Investment Grade and unrated fixed income securities issued or guaranteed by governments, government agencies or supranational bodies worldwide or companies in both developed and Emerging Markets. The sub-fund will not invest more than 10% of its net assets in securities issued by or guaranteed by any single sovereign issuer with a credit rating below Investment Grade.The sub-fund will also invest in equity and equity equivalent securities. Such securities will predominantly be listed securities that are selected based on their market capitalisation, sector, country and stock valuation. There are no capitalisation restrictions, and the sub-fund will normally invest across a range of market capitalisations.Investments in Chinese equities include, but are not limited to, China A-shares and China B-shares (and such other securities as may be available) listed on stock exchanges in the People's Republic of China (“PRC”). The sub-fund may directly invest in China A-shares through the Shanghai-Hong Kong Stock Connect, subject to applicable quota limitations. Furthermore, the sub-fund may gain exposure to China A-shares indirectly through China A-shares Access Products (“CAAP”) such as, but not limited to, participation notes linked to China A-shares.The sub-fund may invest up to 15% of its nets assets in China A-shares through the Shanghai-Hong Kong Stock Connect and up to 15% of its net assets in CAAPs. The sub-fund's maximum exposure to China A-shares (through the Shanghai-Hong Kong Stock Connect or CAAP) and China B-shares is 15% of its net assets. The sub-fund will not invest more than 10% of its net assets in CAAPs issued by any single issuer of CAAPs.The sub-fund will not invest more than 10% of its net assets in REITS.The sub-fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%.The sub-fund may invest up to 50% of its net assets in units or shares of UCITS and/or other Eligible UCIs (including other sub-funds of HSBC Global Investment Funds).The asset allocation may change over time depending on the Investment Adviser's view on market opportunities.The sub-fund will normally be exposed to currencies of Asia Pacific (excluding Japan) countries as well as other emerging and developed market currencies.The sub-fund may use financial derivative instruments for hedging and cash flow management (for example, Equitisation). However, the sub-fund will not use financial derivative instruments extensively for investment purposes. The financial derivative instruments the sub-fund is permitted to use include, but are not limited to, futures and foreign exchange forwards (including non-deliverable forwards). Financial derivative instruments may also be embedded in other instruments in which the sub-fund may invest (for example, units or shares of UCITS and/or other Eligible UCIs).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
No data available.
Investment style
Growth
Investment method
Equity, Fixed Interest, Money Market
Quick stats
1 Year return
10.2%
1 Year rank in sector
8/84
Sector
FO Mixed Asset - Cautious
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.
1.17%
Fund size
£30m (£30m 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.
66
Top in this sector
Fund name1 Year
HSBC Pfl World Seltn 124.9%
SEI GblMtiAtInc23.4%
Towry A455016.9%
SEI Core15.3%
CG Capital Value14.2%
...more in FO Mixed Asset - Cautious

Performance snapshot

Holdings snapshot

  • Hong Kong38%
    China25.1%
    USA10.6%
    Indonesia4.5%
    Korea4.1%
  • Investment Grade Bonds34.2%
    Equities20.3%
    Government Bonds20.1%
    High Yield Bond9.5%
    Money Market8.5%
  • Global Investment Grade Fixed Interest34.2%
    Other Government Fixed Interest20.1%
    International Equities11%
    Asia Pacific High Yield Fixed Interest9.5%
    Asia Pacific ex Japan Equities9.3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund0.8%4.5%6.7%10.2%15.1%-
Sector-0.2%2.7%3.5%4%8.8%19.7%
Rank within sector7 / 8719 / 8715 / 868 / 8417 / 64-
Quartile1st1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund10%-1%4.7%--
Sector3.6%-0.7%4.3%4.2%6.1%
Rank within sector7 / 8646 / 8040 / 66--
Quartile1st3rd3rd
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.
1.77
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.
1.06
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.
0.4
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%.
4.92
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.
2.98
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.
0.65
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.
0.63
Price movement
52 week high11.24
52 week low9.79
Current bid price-
Current offer price-
Current mid price11.18
Region
1Hong Kong38.03%
2China25.1%
3USA10.58%
4Indonesia4.52%
5Korea4.08%
6Others3.74%
7Money Market3.7%
8India3.68%
9Thailand2.74%
Industry sector
1Investment Grade Bonds34.2%
2Equities20.3%
3Government Bonds20.1%
4High Yield Bond9.5%
5Money Market8.5%
6Debt7.4%
Asset type
1Global Investment Grade Fixed Interest34.2%
2Other Government Fixed Interest20.1%
3International Equities11%
4Asia Pacific High Yield Fixed Interest9.5%
5Asia Pacific ex Japan Equities9.3%
6Money Market8.5%
7Global Emerging Market Fixed Interest7.4%
Individual holdings
1HSBC GIF ASIA EX JAPAN EQUITY ZD USD17.08%
2HONG KONG GOVT SPL ADMINISTRATIVE 0.93% BDS 19/02/18 HKD5000013.8%
3HSBC GIF GLOBAL HIGH YIELD BOND ZC9.89%
4HSBC GIF GLOBAL EMERGING MARKETS LOCAL DEBT ZD USD4.64%
5HSBC GIF ECONOMIC SCALE INDEX JAPAN EQUITY ZDUSD1.11%
6TENAGA NASIONAL BERHAD 7.50% DEBS 1/11/2025 USD1000(144A)1.08%
7INDONESIA(REPUBLIC OF) 8.5% BDS 12/10/35 USD1000 `REGS`1%
8RELIANCE INDUSTRIES 4.875% NTS 10/02/45 USD200000 144A0.9%
9INDONESIA(REPUBLIC OF) 5.875% BDS 15/01/24 USD2000000.78%
Management
Fund manager group
HSBC
Fund manager company
HSBC Investment Funds (Lux) SA
Fund type
Offshore Fund
Fund objective
The sub-fund invests for long term total return through an active asset allocation in a diversified portfolio of fixed income and equity securities as well as money market and cash instruments.The sub-fund will normally invest a minimum of 70 % of its net assets in Asian (including Asia Pacific and excluding Japan) based assets in both fixed income and equity markets including, but not limited to Asia Pacific (excluding Japan) equities, sovereign bonds and corporate bonds. The sub-fund may also invest in other non-Asian based assets such as global emerging market bonds, US Treasuries and eligible closed-ended Real Estate Investment Trusts ("REITs"). Exposure to these assets may be achieved through direct investments and/or investments in units or shares of UCITS and/or other Eligible UCIs.The sub-fund will invest in Investment Grade, Non-Investment Grade and unrated fixed income securities issued or guaranteed by governments, government agencies or supranational bodies worldwide or companies in both developed and Emerging Markets. The sub-fund will not invest more than 10% of its net assets in securities issued by or guaranteed by any single sovereign issuer with a credit rating below Investment Grade.The sub-fund will also invest in equity and equity equivalent securities. Such securities will predominantly be listed securities that are selected based on their market capitalisation, sector, country and stock valuation. There are no capitalisation restrictions, and the sub-fund will normally invest across a range of market capitalisations.Investments in Chinese equities include, but are not limited to, China A-shares and China B-shares (and such other securities as may be available) listed on stock exchanges in the People's Republic of China (“PRC”). The sub-fund may directly invest in China A-shares through the Shanghai-Hong Kong Stock Connect, subject to applicable quota limitations. Furthermore, the sub-fund may gain exposure to China A-shares indirectly through China A-shares Access Products (“CAAP”) such as, but not limited to, participation notes linked to China A-shares.The sub-fund may invest up to 15% of its nets assets in China A-shares through the Shanghai-Hong Kong Stock Connect and up to 15% of its net assets in CAAPs. The sub-fund's maximum exposure to China A-shares (through the Shanghai-Hong Kong Stock Connect or CAAP) and China B-shares is 15% of its net assets. The sub-fund will not invest more than 10% of its net assets in CAAPs issued by any single issuer of CAAPs.The sub-fund will not invest more than 10% of its net assets in REITS.The sub-fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%.The sub-fund may invest up to 50% of its net assets in units or shares of UCITS and/or other Eligible UCIs (including other sub-funds of HSBC Global Investment Funds).The asset allocation may change over time depending on the Investment Adviser's view on market opportunities.The sub-fund will normally be exposed to currencies of Asia Pacific (excluding Japan) countries as well as other emerging and developed market currencies.The sub-fund may use financial derivative instruments for hedging and cash flow management (for example, Equitisation). However, the sub-fund will not use financial derivative instruments extensively for investment purposes. The financial derivative instruments the sub-fund is permitted to use include, but are not limited to, futures and foreign exchange forwards (including non-deliverable forwards). Financial derivative instruments may also be embedded in other instruments in which the sub-fund may invest (for example, units or shares of UCITS and/or other Eligible UCIs).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
No data available.
Investment style
Growth
Investment method
Equity, Fixed Interest, Money Market
Fund manager
NameSinceBiography
Denis James Gould15/03/2013Denis Gould is the Chief Investment Officer in the Hong Kong Multi Asset and Wealth team and has been working in the industry since 1982. In his current role he is responsible for the investment of multi asset portfolios for a range of clients and has implemented a long term valuation based approach to asset allocation which utilizes the substantial global research resources devoted to multi asset investing in HSBC. Prior to joining HSBC in 2011 Denis worked as a Director of Investment at AXA Investment Managers in Hong Kong responsible for the fixed income and investment solutions businesses in Asian and Japan. Before that he was the Head of Fixed Income for UK and Asia based in London. He holds a B.Sc.(Hons) in Economics from Loughborough University of Technology.
Compliance
Transparent for Swiss Tax, Reporting Fund Status, UCITS V Compliant, MAS Unrestricted Scheme
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Hong Kong, Jersey, Luxembourg, Macau, Offshore, Singapore, United Arab Emirates
HSBC GIF Managed Solutions Asia Focused Conservative AC USD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.18
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF75G
HSBC GIF Managed Solutions Asia Focused Conservative ACHAUD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.969
CurrencyAUD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF75O
HSBC GIF Managed Solutions Asia Focused Conservative ACHAUD USD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.154
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF75P
HSBC GIF Managed Solutions Asia Focused Conservative ACHCAD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCAD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFO6E
HSBC GIF Managed Solutions Asia Focused Conservative ACHEUR
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.93
CurrencyEUR
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF75M
HSBC GIF Managed Solutions Asia Focused Conservative ACHEUR USD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price12.286
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF75N
HSBC GIF Managed Solutions Asia Focused Conservative ACHGBP
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price10.909
CurrencyGBP
Price updated11/06/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCKC
HSBC GIF Managed Solutions Asia Focused Conservative ACHGBP USD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price16.908
CurrencyUSD
Price updated11/06/2015
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFCKD
HSBC GIF Managed Solutions Asia Focused Conservative ACHKD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.176
CurrencyHKD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF75I
HSBC GIF Managed Solutions Asia Focused Conservative ACHKD USD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.17%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.441
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF75J
HSBC GIF Managed Solutions Asia Focused Conservative ACHSGD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.269
CurrencySGD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF75K
HSBC GIF Managed Solutions Asia Focused Conservative ACHSGD USD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.23%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price8.323
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeF75L
HSBC GIF Managed Solutions Asia Focused Conservative AM USD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO6F
HSBC GIF Managed Solutions Asia Focused Conservative AMHAUD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyAUD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO6G
HSBC GIF Managed Solutions Asia Focused Conservative AMHCAD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyCAD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO6H
HSBC GIF Managed Solutions Asia Focused Conservative AMHEUR
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyEUR
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO6I
HSBC GIF Managed Solutions Asia Focused Conservative AMHGBP
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyGBP
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO6J
HSBC GIF Managed Solutions Asia Focused Conservative AMHKD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.15%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyHKD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO6K
HSBC GIF Managed Solutions Asia Focused Conservative AMHSGD
Initial charge5.54%
Annual charge0.7%
Min single investment£5,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.21%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price9.561
CurrencySGD
Price updated10/09/2015
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO6L
HSBC GIF Managed Solutions Asia Focused Conservative PC USD
Initial charge5.54%
Annual charge0.8%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFO6M
HSBC GIF Managed Solutions Asia Focused Conservative PCHKD
Initial charge5.54%
Annual charge0.8%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyHKD
Price updated01/01/1900
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeFO6N
HSBC GIF Managed Solutions Asia Focused Conservative PM USD
Initial charge5.54%
Annual charge0.8%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyUSD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO6O
HSBC GIF Managed Solutions Asia Focused Conservative PMHKD
Initial charge5.54%
Annual charge0.8%
Min single investment£100,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.25%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price-
CurrencyHKD
Price updated01/01/1900
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeFO6P
HSBC GIF Managed Solutions Asia Focused Conservative ZC USD
Initial charge5.54%
Annual charge-
Min single investment£1,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)0.37%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price11.5
CurrencyUSD
Price updated22/09/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeF75H
Data provided by

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You should be aware that prices may fall as well as rise and that the income derived can go down as well as up. When buying or selling any investment that fluctuates in price or value you may get back less than you invested. Past performance is not necessarily a guide to future performance.