Fact sheet: HSBC GIF Euro Reserve

Fund information

Fund name
HSBC GIF Euro Reserve AC EUR
Fund company manager
HSBC Investment Funds (Lux) SA
Fund type
SIB
Fund manager
Sabrina Monnerie
since 01/04/2005
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

-0.51 %

1 Year rank in sector

43/55

Sector

FO Currency - Euro

Yield
-
Fund size

£ 112.1 m

FE Risk score

77

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • Money Market
    75.06%
  • France
    17.87%
  • USA
    2.94%
  • Sweden
    2.33%
  • Netherlands
    0.91%
  • Money market
    75.06%
  • Very short dated bonds
    24.94%
  • Money Market
    100%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-0.04 %-0.26 %-0.51 %-0.93 %-0.93 %
Sector-0.09 %-0.55 %-0.99 %-1.22 %-1.15 %
Rank within sector34 / 5540 / 5443 / 5537 / 4935 / 45
Quartile th3 rd3 rd4 th4 th4 th

Calendar performance

YTD-20172016201520142013
Fund-0.38 %-0.38 %-0.16 %0.04 %-0.05 %
Sector-0.78 %-0.4 %-0.07 %0.15 %0.02 %
Rank within sector42 / 5541 / 5331 / 4727 / 4832 / 45
Quartile th4 th4 th3 rd3 rd3 rd

Risk statistics

Alpha-0.21
Beta0.23
Sharpe-
Volatility0.05
Tracking error0.13
Information ratio0.64
R-Squared0.56

Price movement

52 week high17.286
52 week low17.198
Current bid price0
Current offer price0
Current mid price17.198

Holdings by region

  • 75.06% Money Market
  • 17.87% France
  • 2.94% USA
  • 2.33% Sweden
  • 0.91% Netherlands
  • 0.89% Canada

Holdings by sector

  • 75.06% Money market
  • 24.94% Very short dated bonds

Holdings by asset type

  • 100% Money Market

Individual holdings

  • 4.46% FRENCH DISCOUNT T- BILL 13/09/2017
  • 2.69% FRENCH DISCOUNT T-BILL 25/04/2018
  • 2.68% FRENCH DISCOUNT T-1 BILL 8/02/2017
  • 2.33% NORDEA BANK AB 2.25% NTS 05/10/17 EUR100000
  • 1.79% BTF 20-09-17
  • 1.79% FRENCH DISCOUNT T-BILL 27/09/2017
  • 1.78% FRENCH DISCOUNT T-BILL 09/08/2017
  • 1.13% TOYOTA MOTOR CREDIT CORP 0.0000 08-SEP-17
  • 0.92% GE CAPITAL EUROPEAN FUND UNLTD CO 5.375% NTS 16/01/18 EUR1000
  • 0.91% COOPERATIEVE RABOBANK UA 4.75% BDS 15/01/18 EUR1000