Fact sheet: HSBC Open Global Return

Fund information
Fund name
HSBC Open Global Return C Acc
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund managers
  • Justin Mark Turnersince 25/11/2015
  • Stephen David Doransince 25/11/2015
  • Jonathan Samson Rebaksince 30/04/2010
Fund objective
The fund seeks to provide capital growth and income by investing in a broad range of asset classes across global markets. The fund will invest primarily in collective investment schemes that in turn invest in fixed income securities, equities, property, commodities and derivatives. The ACD may also invest at its discretion in other transferable securities, money market deposits, cash and near cash. Subject to obtaining and maintaining the requisite permissions from the FCA under the Financial Services and Markets Act 2000 on giving 60 days' notice to Shareholders, the Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. [Note: where the use of derivatives is for investment purposes in addition to hedging it is envisaged that the use of such instruments will not affect the overall risk profile of the Fund.]
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
None
Quick stats
1 Year return
14.4%
1 Year rank in sector
5/204
Sector
UT Mixed Investment 20%-60% Shares
Yield
1.2%
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.
1.55%
Fund size
£226m (£236m 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.
51
Mid price
175.1
Top in this sector
Fund name1 Year
S&W The Magpie18.8%
AXA Global Distribution16.6%
S&W Wessex15.2%
Investec Caut Mgd14.6%
HSBC Open Global Return14.4%
...more in UT Mixed Investment 20%-60% Shares

Performance snapshot

Holdings snapshot

  • International65.6%
    Global Emerging Markets17.4%
    Not Specified8.7%
    Money Market8.3%
  • No data available.
  • Global Developed Equities34.9%
    Hedge12.5%
    Global Emerging Market Fixed Interest9.7%
    Global Corporate Fixed Interest8.7%
    Money Market8.3%

Fund also available on these pension platforms:

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3%-0.3%9.8%14.4%24.9%42.7%
Sector-1.8%-0.8%5.8%6.4%14.6%34.7%
Rank within sector206 / 21480 / 21316 / 2105 / 2047 / 17351 / 144
Quartile4th2nd1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund14.5%2.8%5.8%9.3%5.4%
Sector7.3%1.2%5%9%8%
Rank within sector6 / 20454 / 19075 / 17599 / 161126 / 145
Quartile1st2nd2nd3rd4th
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.
2.22
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.
1.18
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.
0.66
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%.
6.75
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.
2.87
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.
1.04
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.
0.83
Price movement
52 week high182.7
52 week low145.3
Current bid price-
Current offer price-
Current mid price175.1
Region
1International65.62%
2Global Emerging Markets17.42%
3Not Specified8.67%
4Money Market8.29%
Industry sector
No data available.
Asset type
1Global Developed Equities34.87%
2Hedge12.47%
3Global Emerging Market Fixed Interest9.65%
4Global Corporate Fixed Interest8.67%
5Money Market8.29%
6Global High Yield Fixed Interest8.07%
7Global Emerging Market Equities7.77%
8International Property Shares6.31%
9Others3.9%
Individual holdings
1UNI-GLOBAL SICAV8.02%
2INVESCO PERPETUAL GLOBAL OPPORTUNITIES ACC7.97%
3LONGVIEW PARTNERS INVESTMENTS7.65%
4HSBC MULTIALPHA STERLING BOND XD GBP6.31%
5ARTISAN PARTNERS GLOBAL OPPORTUNITIES CLASS I6.3%
6HSBC GLOBAL INVESTMENT FUNDS6.28%
7POLUNIN EMERGING MARKETS STRATEGY FUNDS3.14%
8STONE HARBOR INVESTMENT FUNDS PLC3.12%
9PIMCO GLOBAL BOND FUND HEDGED3%
Management
Fund manager group
HSBC
Fund manager company
HSBC Gbl Asset Mgt (HSBC Inv)
Fund type
OEIC
Fund objective
The fund seeks to provide capital growth and income by investing in a broad range of asset classes across global markets. The fund will invest primarily in collective investment schemes that in turn invest in fixed income securities, equities, property, commodities and derivatives. The ACD may also invest at its discretion in other transferable securities, money market deposits, cash and near cash. Subject to obtaining and maintaining the requisite permissions from the FCA under the Financial Services and Markets Act 2000 on giving 60 days' notice to Shareholders, the Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. [Note: where the use of derivatives is for investment purposes in addition to hedging it is envisaged that the use of such instruments will not affect the overall risk profile of the Fund.]
Benchmark
  • No Specified Index
Investment style
Balanced
Investment method
None
Fund managers
NameSinceBiography
Justin Mark Turner25/11/2015Justin has over 22 years of experience in the financial services industry and joined HSBC Global Asset Management in 1994 having worked previously in the commercial banking arm of the HSBC Group. During this time Justin has worked across our institutional, wholesale and wealth businesses, heading our institutional client management team and maintaining responsibility for key institutional clients, including insurers, banks, trusts and pension schemes. He is a Board Director of Mark & Spencer Unit Trust Management Ltd and Marks & Spencer Savings and Investment Ltd as well as member of the HSBC Global Asset Management UK Investment Committee and Asset Allocation Committee.Justin currently manages multi-asset class portfolios for institutional clients as well as working across the broader investment business to ensure effective communication of our investment processes and views. Justin is a graduate of Financial Services, a holder of the Investment Management Certificate, passed the Chartered Financial Analyst (CFA), level I in 2000 and Authorised by the FSA in the UK.
Stephen David Doran25/11/2015Stephen is a Senior Fund Manager in the multi asset team, where he manages multi asset portfolios for institutional and charity clients. He joined HSBC Global Asset Management in 2005 after starting his career with JP Morgan and he is a graduate of the University of St. Andrews. He has a degree in Management, a Masters in International Business and is a CFA Charterholder.
Jonathan Samson Rebak30/04/2010Jon Rebak joined the team in February 2000 as a Portfolio Manager whose main responsibilities include fund-of-funds management, the provision of asset allocation, fund selection and client services for UK Equity. Jon has over 31 years experience in the investment industry and has been employed by HSBC continually for this period. Jon holds a BA in Geography from the University College of Wales Lampeter.
Compliance
IA Recognised, Non UCITS Retail Scheme
Domicile
No data available.
Fund for sale in
United Kingdom
HSBC Open Global Return C Acc
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price175.1
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeG1HB
HSBC Open Global Return C Inc
Initial charge-
Annual charge0.55%
Min single investment£1,000,000
Min regular saving£1,000
Available in ISAYes
Ongoing charge (OCF)1.55%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price164.2
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeG1HA
HSBC Open Global Return Ret Acc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)2.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price171.2
CurrencyGBX
Price updated02/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeI388
HSBC Open Global Return Ret Inc
Initial charge-
Annual charge1.25%
Min single investment£1,000
Min regular saving£500
Available in ISAYes
Ongoing charge (OCF)2.2%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price163.6
CurrencyGBX
Price updated02/12/2016
TypeIncome
Institutional or retail classRetail
Domicile-
Citi codeI389
Data provided by

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