Fact sheet: HSBC GIF € HighYld Bd

Fund information

Fund name
HSBC GIF Euro High Yield Bond AD EUR
Fund company manager
HSBC Investment Funds (Lux) SA
Fund type
SIB
Fund manager(s)
Philippe Igigabel
since 15/10/2003
Fund objective
The sub-fund aims to provide long term total return by investing in a portfolio of Euro denominated high yielding bonds. The sub-fund invests (normally a minimum of 90% of its net assets) in Non-Investment Grade rated fixed income securities and other higher yielding securities (including unrated bonds) which are either issued by companies or issued or guaranteed by government, government agencies or supranational bodies in both developed markets, such as OECD countries, and Emerging Markets. These securities are denominated in Euro and, on an ancillary basis (normally up to 10% of the sub-fund's net assets), in other developed market currencies. The sub-fund may achieve its investment policy by investing up to 10% of its net assets in units or shares of UCITS and/or other Eligible UCIs (including other sub-funds of HSBC Global Investment Funds). On an ancillary basis, the sub-fund may achieve its investment policy by investing in financial derivative instruments. However, the subfund does not intend to invest in financial derivative instruments extensively for investment purposes and their primary use will be for hedging and efficient portfolio management, including purposes such as cash flow management and tactical asset allocation. Financial derivative instruments that the sub-fund may use include, but are not limited to foreign exchange forwards (including nondeliverable forwards), exchange-traded future options, foreign exchange options and swaptions, exchange traded futures and swaps (interest rate, credit default, inflation, total return and currency). Financial derivative instruments may also be embedded in other instruments used by the sub-fund (for example, participation notes and convertibles). The sub-fund's primary currency exposure is to the Euro. The sub-fund will normally hedge non-Euro currency exposures into Euro.The sub-fund may invest up to 15% of its net assets in contingent convertible securities, however this is not expected to exceed 10%.
Benchmark
Bofa Merrill Lynch Euro High Yield BB-B Constrained
Investment style
High Yield
Investment method
Fixed Interest

Quick stats

1 Year return

5.3 %

1 Year rank in sector

23/28

Sector

FO Fixed Int - EUR High Yield

Yield
-
Fund size

£ 1.9 b

FE Risk score

28

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.55 %3.29 %5.3 %14.28 %34.76 %
Sector0.73 %3.7 %6.49 %16.06 %33.4 %
Rank within sector21 / 2920 / 2823 / 2818 / 2712 / 23
Quartile th3 rd3 rd4 th3 rd3 rd

Calendar performance

YTD-20172016201520142013
Fund4.71 %6.38 %0.81 %6.35 %7.86 %
Sector5.21 %7.95 %0.85 %3.16 %8.32 %
Rank within sector21 / 2821 / 2815 / 271 / 2715 / 24
Quartile th3 rd3 rd3 rd1 st3 rd

Risk statistics

Alpha0.19
Beta0.93
Sharpe0.18
Volatility4.03
Tracking error1.29
Information ratio-0.1
R-Squared0.9

Price movement

52 week high23.312
52 week low22.107
Current bid price0
Current offer price0
Current mid price22.922

Holdings by region

-

Holdings by sector

-

Holdings by asset type

-

Individual holdings

  • 2.36% ORANGE SA 5.2500 PERP
  • 1.95% FAURECIA 3.625% BDS 15/06/23 EUR10000
  • 1.87% HEIDELBERGCEMENT AG 8.5% BDS 31/10/19 EUR1000
  • 1.72% SOLVAY FINANCE 4.199% BDS 29/05/49 EUR100000 TR1
  • 1.69% AXA SA 3.9410 PERP
  • 1.69% DONG ENERGY A/S 6.2500 26-JUN-13
  • 1.59% NGG FINANCE 4.25% BDS 18/06/76 EUR1000
  • 1.54% COOPERATIEVE RABOBANK UA 6.8750 19-MAR-20
  • 1.53% TALANX 8.367 C '22 EUR
  • 1.46% TENNET HOLDING BV 2.9950 PERP