Fact sheet: HSBC GIFGEMLocCurRat

Fund information

Fund name
HSBC GIF Global Emerging Markets Local Currency Rates EC USD
Fund company manager
HSBC Investment Funds (Lux) SA
Fund type
SIB
Fund manager
Abdelak Adjriou
since 31/03/2014
Fund objective
The sub-fund invests for long term total return in a portfolio of Emerging Markets local currency bonds, foreign exchange forwards and other similar securities. The sub-fund invests (normally a minimum of 90% of its net assets) in Investment Grade and Non-Investment Grade fixed income securities and other similar securities, as well as currency forwards and non-deliverable forwards. The fixed income securities are issued or guaranteed by governments, government agencies or supranational bodies of Emerging Markets or issued by companies which are based in or carry out the larger part of their business activities in Emerging Markets. All the instruments are primarily denominated in or linked to Emerging Markets currencies. For collateral management purposes and to support offsetting exposures in Emerging Markets instruments, the sub-fund may also invest in developed markets cash and cash instruments. The sub-fund may achieve its investment policy and limits by investing up to 10% of its net assets in units or shares of UCITS and/or other open-ended funds (including other sub-funds of HSBC Global Investment Funds). The sub-fund may also invest in additional financial derivative instruments such as futures, 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-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. The sub-fund's currency exposure is to Emerging Markets currencies. On an ancillary basis (normally up to 10% of its net assets), the sub-fund may also invest in securities denominated in US dollar and/or currencies of other developed markets. The average maturity of the sub-fund is normally between 4 and 8 years.
Benchmark
JP Morgan GBI EM Global Diversified
Investment style
None
Investment method
Fixed Interest

Quick stats

1 Year return

7.73 %

1 Year rank in sector

78/236

Sector

FO Fixed Int - Emerging Markets

Yield
-
Fund size

£ 315.1 m

FE Risk score

100

NAV
-
Discount/Premium
-
Gearing
-

Top in sector

Performance vs. Sector

Cumulative performance

1m6m1y3y5y
Fund1.41 %7.6 %7.73 %-4.48 %0 %
Sector1.02 %4.34 %6.44 %5.59 %6.09 %
Rank within sector79 / 25231 / 24378 / 236180 / 196 /
Quartile th2 nd1 st2 nd4 th th

Calendar performance

YTD-20172016201520142013
Fund14.17 %8.44 %-16.45 %-5.37 %0 %
Sector8.52 %10.22 %-7.28 %-0.56 %-7.02 %
Rank within sector44 / 242142 / 226186 / 207132 / 170 /
Quartile th1 st3 rd4 th4 th th

Risk statistics

Alpha-4.06
Beta1.57
Sharpe-0.01
Volatility11.94
Tracking error5.49
Information ratio-0.67
R-Squared0.91

Price movement

52 week high9.796
52 week low8.248
Current bid price0
Current offer price0
Current mid price9.684

Holdings by region

-

Holdings by sector

-

Holdings by asset type

-

Individual holdings

  • 5.33% INDONESIA GOVERNMENT 8.3750 15-MAR-24
  • 4.34% MEX BONOS DESARR FIX RT 5.7500 05-MAR-26
  • 3.72% MEXICO(UNITED MEXICAN STATES) 6.5% NTS 10/06/21 MXN100 M
  • 3.05% MEX BONOS DESARR FIX RT 8.5000 13-DEC-18
  • 3.03% MEXICO(UNITED MEXICAN STATES) 8% BDS 11/06/20 MXN100
  • 2.94% SOUTH AFRICA(REPUBLIC OF) 10.5% BDS 21/12/2026 ZAR1(186)
  • 2.92% PLGV 5.750 '20
  • 2.91% BRAZIL(FEDERATIVE REPUBLIC OF) 10% BDS 01/01/21 BRL1000
  • 2.43% MALAYSIA GOVERNMENT 3.7590 15-MAR-19
  • 2.31% NOTA DO TESOURO NACIONAL 10.0000 01-JAN-19