Asian Currencies Bond IDEUR

Overview

Fund classes:
HSBC Global Investment Funds - Asian Currencies Bond IDEUR
€8.34 Price
€0.01
0.08%
Today's Change
ISIN LU0643830515
Share Class Income
Ongoing Charge 0.854%
Annual Management Charge 0.617%

Objectives and Investment Policy Investment Objective: The Fund aims to provide capital growth and income by investing in a portfolio of Asian bonds. Investment Policy: The Fund will invest primarily in investment grade and non-investment grade rated bonds and unrated bonds. The bonds will be issued by Asian governments, government-related entities, and companies that are based in or which carry out most of their business in Asia. At least 70% of the Fund's bonds will be valued in Asian currencies. The Fund may also invest up to 30% of its assets in bonds valued in other developed and emerging markets currencies. The Fund may invest up to 30% of its assets in Chinese onshore bonds through the China Interbank Bond Market (CIBM), with a maximum of 10% in onshore non-investment grade bonds. The Fund may invest up to 10% of its assets in convertible bonds. The Fund may invest up to 10% of its assets in funds (including other funds of HSBC). The Fund may also invest in derivativesand use them for hedging and efficient portfolio management purposes. Derivatives will not be used extensively for investment purposes. Derivatives may also be embedded in other instruments used by the Fund. The Fund may enter into securities lending transactions for up to 29% of its assets. However, this is not expected to exceed 25%. The reference currency of the Fund is USD. The reference currency of this share class is EUR. The Fund is actively managed and does not track a benchmark. The Fund has an internal or external target to a reference benchmark, Markit iBoxx Pan Asia Bond ex China & HK. The Investment Advisor will use its discretion to invest in securities not included in the reference benchmark based on active investment management strategies and specific investment opportunities. It is foreseen that a significant percentage of the Fund's investments will be components of the reference benchmark. However, their weightings may deviate materially from those of the reference benchmark. The deviation of the Fund’s underlying investments’ weightings relative to the benchmark are monitored, but not constrained, to a defined range. Income is distributed. You may sell your investment on most working days. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within a period of 5 years.

Performance

Price and Net Asset Value breakdown

Midprice €8.34
Change on Day €0.01
Change on Day % 0.08%
52 week high €9.54
52 week low €7.82
Fund currency EUR
Date updated 27 March 2025

Fund details

Fund Type SICAV
Unit Type Income
Standard initial Charge -
Annual Management Charge 0.617%
Dividend Frequency Annually
Latest Distribution Info €0.2543
17 May 2024

Fund manager information

Fund Manager Company HSBC

Fund manager biographies

Name Sanjay Shah
Since 09 April 2019
Bio
Name Fouad Mouadine
Since 21 January 2022
Bio
View all manager information