Fact sheet: HSBC GIF GEMDbtTotRet

Fund information

Fund name
HSBC GIF GEM Debt Total Return M1C USD GBP
Fund company manager
HSBC Investment Funds (Lux) SA
Fund type
SIB
Fund manager
Peter Marber
since 01/07/2010
Fund objective
The sub-fund aims to provide long term total return by investing primarily in a concentrated portfolio of Investment Grade and Non- Investment Grade rated fixed income and other similar securities, denominated in local currency or in the currencies of OECD countries. These securities are issued or guaranteed by governments or government agencies or supranational bodies of Emerging Markets or issued by companies which have their registered office in Emerging Markets.The Total Return strategy aims to capture the majority of the upside in the Emerging Market debt universe while limiting the downside risk. The Total Return strategy has a flexible allocation across the full spectrum of Emerging Market debt assets. Returns are generated through duration management, yield curve positioning, currency positioning and the selection of individual securities within the investment universe. By seeking multiple sources of return, the Total Return strategy aims to provide over an investment cycle risk-adjusted returns above the investment universe of the sub-fund without reference to a benchmark index. However the Total Return strategy does not imply there is any protection of capital or guarantee of a positive return over time. The sub-fund is subject to market risks at any time. Depending on the Investment Adviser's view as to the attractiveness of the Emerging Markets equity markets, the sub-fund may invest up to 10% of the sub-fund's net asset value in equity and equity equivalent securities issued by companies which have their registered office in, and with an official listing on a major stock exchange or other Regulated Market of an Emerging Market country, as well as those companies which carry out a preponderant part of their business activities in any Emerging Market country.Investments in a combination of convertible bonds and options will be subject to a limit of 25% of the sub-fund's net asset value.The sub-fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%.If the Investment Adviser considers that the Emerging Markets offer insufficient opportunities at any time, the sub-fund may invest up to 49% of the sub-fund's net asset value in liquid assets.The portfolio will be actively managed, aiming to achieve total returns to investors without reference to any market index weightings.The sub-fund may also invest in financial derivative instruments such as futures, forwards (including non-deliverable forwards), swaps, options, credit default swaps as well as other structured products. The sub-fund intends to use such financial derivative instruments for, inter alia, the purposes of return enhancement, hedging, tax-advantage access to instruments and whenever the Investment Adviser believes the investment in financial derivative instruments will assist the sub-fund in achieving its investment objectives
Benchmark
No Specified Index
Investment style
Total Return
Investment method
Fixed Interest

Quick stats

1 Year return

-2.04 %

1 Year rank in sector

234/236

Sector

FO Fixed Int - Emerging Markets

Yield
-
Fund size

£ 3.3 b

FE Risk score

29

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund-4.56 %-6.19 %-2.04 %29.12 %34.48 %
Sector1.02 %4.34 %6.44 %5.59 %6.09 %
Rank within sector252 / 252243 / 243234 / 2368 / 1966 / 120
Quartile th4 th4 th4 th1 st1 st

Calendar performance

YTD-20172016201520142013
Fund-5.69 %25.36 %3.49 %12.98 %-3.66 %
Sector8.52 %10.22 %-7.28 %-0.56 %-7.02 %
Rank within sector242 / 24214 / 22617 / 2076 / 17034 / 129
Quartile th4 th1 st1 st1 st2 nd

Risk statistics

Alpha11.38
Beta0.36
Sharpe0.79
Volatility10.08
Tracking error10.68
Information ratio0.95
R-Squared0.07

Price movement

52 week high12.879
52 week low11.641
Current bid price0
Current offer price0
Current mid price11.661

Holdings by region

-

Holdings by sector

-

Holdings by asset type

-

Individual holdings

  • 5.1% US TREASURY N/B 1.7500 30-JUN-22
  • 5.04% UNITED STATES OF AMER TREAS BILLS 0% TB 07/09/17 USD100
  • 4.78% UNITED STATES OF AMER TREAS BILLS 0% TB 19/10/17 USD100
  • 4.62% MEXICO(UNITED MEXICAN STATES) 6.5% NTS 10/06/21 MXN100 M
  • 4.32% REPUBLIC OF ARGENTINA 6.2500 22-APR-19
  • 4.19% UNITED STATES OF AMER TREAS BILLS 0% TB 12/10/17 USD100
  • 4.11% HSBC US DOLLAR LIQUIDITY Y
  • 3.41% COLOMBIA(REPUBLIC OF) 4.375% BDS 12/07/21 USD1000
  • 2.9% MEXICO(UNITED MEXICAN STATES) 6.5% BDS 09/06/22 MXN100
  • 2.89% MEX BONOS DESARR FIX RT 5.7500 05-MAR-26