Fact sheet: HSBC GIF Gbl Emg Mkt Bd

Fund information

Fund name
HSBC GIF Global Emerging Markets Bond PD USD
Fund company manager
HSBC Investment Funds (Lux) SA
Fund type
SIB
Fund manager
Lisa M Chua
since 01/09/2011
Fund objective
The sub-fund invests for total return primarily in a diversified portfolio of Investment Grade and Non-Investment Grade rated fixed income (e.g. bonds) and other similar securities either issued by companies which have their registered office in Emerging Markets around the world, primarily denominated in US dollars, or which are issued or guaranteed by governments, government agencies and supranational bodies of Emerging Markets. The sub-fund may invest more than 10% and up to 30% of its net assets in securities issued by or guaranteed by a single sovereign issuer with a Non-Investment Grade credit rating. This is due to the fact that the sub-fund's reference benchmark, the JP Morgan Emerging Market Bond Index, may contain sovereign issuers that may have a Non-Investment Grade rating. The Investment Adviser may decide to invest in a specific non-investment grade sovereign issuer and/or to overweight (in relation to the reference benchmark) a particular Non-Investment Grade sovereign issuer. The Non-Investment Grade sovereign issuers that the sub-fund may invest up to 30% of its net assets in include, but are not limited to, Venezuela, Turkey and the Philippines. However, this list may change at any time as a result of: changes in credit ratings, changes in the sub-fund's benchmark weights, the Investment Adviser's decision to allocate a higher or lower proportion of the sub-fund's net assets to a particular benchmark constituent and/or market movements. 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, return enhancement, hedging, tax-efficient 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.The sub-fund may invest up to 10% of its net assets in contingent convertible securities, however this is not expected to exceed 5%.
Benchmark
J P Morgan EMBI Global
Investment style
None
Investment method
Fixed Interest

Performance snapshot

Quick stats

1 Year return

2.43 %

1 Year rank in sector

199/236

Sector

FO Fixed Int - Emerging Markets

Yield
-
Fund size

£ 4.6 b

FE Risk score

42

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.59 %4.34 %2.43 %11.73 %14.99 %
Sector0.8 %4.21 %5.71 %5.59 %5.99 %
Rank within sector184 / 252152 / 243199 / 23691 / 19657 / 120
Quartile th3 rd3 rd4 th2 nd2 nd

Calendar performance

YTD-20172016201520142013
Fund7.47 %7.72 %-1.2 %5.27 %-7.62 %
Sector8.42 %10.22 %-7.28 %-0.56 %-7.02 %
Rank within sector152 / 242166 / 22673 / 20745 / 17078 / 129
Quartile th3 rd3 rd2 nd2 nd3 rd

Risk statistics

Alpha2.31
Beta0.78
Sharpe-0
Volatility6.13
Tracking error2.89
Information ratio0.71
R-Squared0.85

Price movement

52 week high20.167
52 week low18.455
Current bid price0
Current offer price0
Current mid price19.703

Holdings by region

-

Holdings by sector

-

Holdings by asset type

-

Individual holdings

  • 2.57% ARGENTINA(REPUBLIC OF) 7.5% BDS 22/04/26 USD150000
  • 1.99% US TREASURY N/B 1.7500 30-JUN-22
  • 1.76% INDONESIA(REPUBLIC OF) 4.875% BDS 05/05/21 USD1000 4 144A
  • 1.6% RUSSIAN FEDERATION MINISTRY FINANCE 4.875% BDS 16/09/23 USD200000 144A
  • 1.58% TURKEY(REPUBLIC OF) 4.875% BDS 09/10/26 USD200000
  • 1.49% ARGENTINA(REPUBLIC OF) 5.625% BDS 26/01/22 USD 1000
  • 1.43% DOMINICAN REPUBLIC 6.875% BDS 29/01/26 USD 100000
  • 1.4% PETROLEOS MEXICANOS 4.5% NTS 23/01/26 USD1000
  • 1.38% KAZAKHSTAN(REPUBLIC OF) 5.125% NTS 21/07/25 USD200000 3 144A
  • 1.37% HUNGARY 6.375% NTS 29/03/21 USD1000