Fact sheet: HSBC GIF GlbEq Vol Focd

Fund information

Fund name
HSBC GIF Global Equity Volatility Focused BC USD GBP
Fund company manager
HSBC Investment Funds (Lux) SA
Fund type
SIB
Fund manager(s)
Angus Parker
since 26/06/2014
Fund objective
The sub-fund aims to provide long term total return by investing in a portfolio of equities worldwide.The sub-fund invests in normal market conditions a minimum of 90% of its net assets in equities and equity equivalent securities of companies domiciled or operating in both developed markets, such as OECD countries, and Emerging Markets. The sub-fund may also invest in eligible closed-ended Real Estate Investment Trusts (“REITS”).The sub-fund may invest the remaining assets in financial derivative instruments and/or temporarily in fixed income securities, money market instruments, cash instruments and cash.The sub-fund aims for lower portfolio volatility relative to that of the MSCI All Country World Index through portfolio construction. The sub-fund uses portfolio optimisation to lower overall portfolio volatility by selecting a combination of lower volatility stocks and higher volatility stocks that are less correlated and thereby diversifying the portfolio. The sub-fund may rely on market research and quantitative analysis to estimate individual stock volatility and intra-stock correlation as part of its portfolio optimisation process.Investments in Chinese equities include, but are not limited to, China A-shares and China B-shares (and such other securities as may be available) listed on stock exchanges in the People's Republic of China (“PRC”). The sub-fund may directly invest in China A-shares through the Shanghai-Hong Kong Stock Connect, subject to applicable quota limitations. Furthermore, the sub-fund may gain exposure to China A-shares indirectly through China A-shares Access Products (“CAAP”) such as, but not limited to, participation notes linked to China A-shares.The sub-fund may invest up to 10% of its nets assets in China A-shares through the Shanghai-Hong Kong Stock Connect and up to 10% of its net assets in CAAPs. The sub-fund's maximum exposure to China A-shares (through the Shanghai-Hong Kong Stock Connect or CAAP) and China B-shares is 20% of its net assets. The sub-fund will not invest more than 10% of its net assets in CAAPs issued by any single issuer of CAAPs.The sub-fund normally invests across a range of market capitalisations without any capitalisation restriction.The sub-fund will not invest more than 10% of its net assets in a combination of participation notes and convertibles.The sub-fund will not invest more than 10% of its net assets in securities issued by or guaranteed by any single sovereign issuer with a credit rating below Investment Grade.The sub-fund will not invest more than 10% of its net assets in REITS.The sub-fund may invest 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).The sub-fund may use financial derivative instruments for hedging and cash flow management (for example, Equitisation). However, the sub-fund will not use financial derivative instruments extensively for investment purposes. The financial derivative instruments the sub-fund is permitted to use include, but are not limited to, futures and foreign exchange forwards (including non-deliverable forwards). Financial derivative instruments may also be embedded in other instruments in which the sub-fund may invest.
Benchmark
MSCI AC World Net Return Index
Investment style
-
Investment method
-

Quick stats

1 Year return

9.55 %

1 Year rank in sector

411/483

Sector

FO Equity - International

Yield
-
Fund size

£ 161.2 m

FE Risk score

97

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Holdings snapshot

  • USA
    42.62%
  • UK
    13.56%
  • Japan
    12.98%
  • China
    6.79%
  • France
    4.78%
  • Financials
    21.66%
  • Information Technology
    16.58%
  • Industrials
    15.53%
  • Health Care
    10.74%
  • Consumer Discretionary
    10.2%
  • US Equities
    42.62%
  • UK Equities
    13.56%
  • Japanese Equities
    12.98%
  • Chinese Equities
    6.79%
  • French Equities
    4.78%

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund0.82 %4.32 %9.55 %32.84 %0 %
Sector1.03 %6.64 %17.3 %24.2 %65.08 %
Rank within sector252 / 507354 / 502411 / 483 / /
Quartile th2 nd3 rd4 th th th

Calendar performance

YTD-20172016201520142013
Fund5.56 %26.98 %0 %0 %0 %
Sector14.64 %7.94 %0.71 %5.96 %21.26 %
Rank within sector428 / 49239 / 447 / / /
Quartile th4 th1 st th th th

Risk statistics

Alpha6.7
Beta0.56
Sharpe0.75
Volatility10.15
Tracking error9.64
Information ratio0.3
R-Squared0.26

Price movement

52 week high8.878
52 week low7.843
Current bid price0
Current offer price0
Current mid price8.774

Holdings by region

  • 42.62% USA
  • 13.56% UK
  • 12.98% Japan
  • 6.79% China
  • 4.78% France
  • 4.67% Germany
  • 4.07% Others
  • 2.91% Switzerland
  • 2.65% Italy
  • 2.32% Netherlands

Holdings by sector

  • 21.66% Financials
  • 16.58% Information Technology
  • 15.53% Industrials
  • 10.74% Health Care
  • 10.2% Consumer Discretionary
  • 9.7% Consumer Staples
  • 5.01% Energy
  • 3.54% Telecommunications Utilities
  • 3.44% Materials
  • 2.03% Utilities

Holdings by asset type

  • 42.62% US Equities
  • 13.56% UK Equities
  • 12.98% Japanese Equities
  • 6.79% Chinese Equities
  • 4.78% French Equities
  • 4.67% German Equities
  • 4.07% International Equities
  • 2.91% Swiss Equities
  • 2.65% Italian Equities
  • 2.32% Dutch Equities

Individual holdings

  • 2.38% COMPASS GROUP PLC
  • 2.26% APPLE INC
  • 2.25% JOHNSON & JOHNSON
  • 2.2% 3M CO
  • 2.2% QUINTILES IMS HLDGS INC
  • 2.15% HOME DEPOT INC
  • 2.09% BAE SYSTEMS
  • 2.09% BANK OF AMERICA CORP
  • 2.08% MITSUBISHI UFJ FINANCIAL GROUP
  • 2.05% PRUDENTIAL PLC