Fact sheet: HSBC Open Gbl Property

Fund information
Fund name
HSBC Open Global Property C Acc
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund manager
  • Dr. Guy Donovan Morrellsince 26/11/2007
Fund objective
The fund seeks to provide long term capital growth. The Fund will predominantly invest in property securities and property related securities and collective investment schemes that, in turn, invest directly or indirectly in property, unlisted property and listed property securities. There will be no geographical restrictions. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and may use derivatives for the purposes of hedging and tactical asset allocation on a short or long term basis. On giving 60 days' notice to Shareholders, the Fund may, in addition to its other investment powers as set out above, use derivatives for other investment purposes and for meeting the investment objective of the Fund (including but not limited to exchange traded and over the counter derivatives, forward and forward currency contracts and other investment techniques permitted in the COLL sourcebook). Using derivatives in this way may mean, in particular, maintaining positions in these investments for the long term. However, where derivatives are used for the purposes of meeting the investment objective of the Fund it is not intended that the use of derivatives would raise the risk profile of the Fund.
Benchmark
  • No Specified Index
Investment style
None
Investment method
None
Quick stats
1 Year return
8.9%
1 Year rank in sector
12/53
Sector
UT Property
Yield
2%
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.
1.27%
Fund size
£273m (£205m 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
Mid price
169.1
Top in this sector
Fund name1 Year
Aviva Inv Asia Pac Prop35.6%
Schroder Gbl Rel Est Sec Inc23.5%
First State AsianPropSec22%
BlackRock Gbl PrpSecEqTrk20.9%
F&C Gbl Real Est Secs20.2%
...more in UT Property

Performance snapshot

Holdings snapshot

  • North America43.8%
    Asia Pacific24.3%
    UK17.6%
    Continental Europe10.6%
    Money Market3.7%
  • Property Shares88.1%
    Money Market8.3%
    Property3.7%
  • Property Shares96.3%
    Money Market3.7%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.6%-3.7%3.8%8.9%34.6%58.9%
Sector-1.5%-0.8%1.5%3.8%20.6%34.3%
Rank within sector36 / 4939 / 5613 / 5512 / 539 / 4513 / 40
Quartile3rd3rd1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund7.3%6.7%17.3%6.6%11.5%
Sector3%5.4%10.7%4.7%6.7%
Rank within sector12 / 5331 / 5213 / 4723 / 4315 / 40
Quartile1st3rd2nd3rd2nd
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.
1.22
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.
1.14
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.
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%.
7.34
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.
3.38
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.
0.67
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.
0.79
Price movement
52 week high180.2
52 week low149.7
Current bid price-
Current offer price-
Current mid price169.1
Region
1North America43.75%
2Asia Pacific24.32%
3UK17.62%
4Continental Europe10.63%
5Money Market3.68%
Industry sector
1Property Shares88.05%
2Money Market8.27%
3Property3.68%
Asset type
1Property Shares96.32%
2Money Market3.68%
Individual holdings
1HSBC HGIF GLOBAL REAL ESTATE EQUITY FUND24.85%
2ISHARES II PLC US PROPERTY YIELD UCITS ETF $ DIST GBP16.66%
3ISHARES II PLC US PROPERTY YIELD UCITS ETF $ DIST GBP16.66%
4ISHARES ASIA PROPERTY YIELD FUND9.84%
5F&C REAL ESTATE SECURITIES B ACC EUR7.14%
6AXA WF FRAMLINGTON GLOBAL FLEXIBLE PROPERTY FUND6.71%
Management
Fund manager group
HSBC
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund objective
The fund seeks to provide long term capital growth. The Fund will predominantly invest in property securities and property related securities and collective investment schemes that, in turn, invest directly or indirectly in property, unlisted property and listed property securities. There will be no geographical restrictions. The ACD may also invest at its discretion in other transferable securities, money market instruments, deposits, cash and near cash and may use derivatives for the purposes of hedging and tactical asset allocation on a short or long term basis. On giving 60 days' notice to Shareholders, the Fund may, in addition to its other investment powers as set out above, use derivatives for other investment purposes and for meeting the investment objective of the Fund (including but not limited to exchange traded and over the counter derivatives, forward and forward currency contracts and other investment techniques permitted in the COLL sourcebook). Using derivatives in this way may mean, in particular, maintaining positions in these investments for the long term. However, where derivatives are used for the purposes of meeting the investment objective of the Fund it is not intended that the use of derivatives would raise the risk profile of the Fund.
Benchmark
  • No Specified Index
Investment style
None
Investment method
None
Fund manager
NameSinceBiography
Dr. Guy Donovan Morrell26/11/2007Guy joined HSBC in 2004 to establish its indirect property team. Guy is the Portfolio Manager of the HSBC Open Global Property Fund. He has 29 years’ experience in property investment. He was formerly Chief Investment Officer Global Property at Henderson Global Investors having joined the group in 1996 to head up AMP’s property fund management team. Previously he worked at Prudential Portfolio Managers and Healey & Baker. Guy holds a PhD from the University of Reading a first class honours BSc from De Montfort University and is a chartered surveyor. He is a member of the Investment Property Databank (IPD) Consultative Groups and is a Visiting Fellow at the London School of Economics Department of Geography and the Environment.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
HSBC Open Global Property A Inst Inc
Initial charge-
Annual charge0.75%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISANo
Ongoing charge (OCF)1.37%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price137.4
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeASN8
HSBC Open Global Property C Acc
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price169.1
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1GZ
HSBC Open Global Property C Inc
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.27%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price148.1
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG1GY
HSBC Open Global Property Ret Acc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price164
CurrencyGBX
Price updated01/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeASB0
HSBC Open Global Property Ret Inc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)1.82%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price146.2
CurrencyGBX
Price updated01/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeASB1
Data provided by

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