Professional Documents
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115 15
(Class Performance ISIN code
110 10
105 5 AM2) 2 Benchmark 3 Class AM3HAUD LU0798789524
100 0 Class AM3HEUR LU0798789797
95 -5 2013 -7.9 -6.6
90 -10 Class AM2HKD LU0723558572
85 -15 2014 5.0 5.5 Class AM2 LU0571531218
Jun 14 Jun 15 Jun 16 Jun 17 Jun 18
Fund (Class AM2)2 2015 -1.5 1.2 Class ACHKD LU0723558226
Reference Performance Benchmark3 Class AC LU0566116140
2016 7.4 10.2
Source: Morningstar, Inc. as at 31 December 2017. Bid to Bid Class PD^ LU0099919721
price with dividend reinvested, in US Dollar. 2017 7.7 9.3
^
Class PD is closed for subscription with effect from 10 April
2012.
Please refer to the offering document for details of other fees.
Source: HSBC Investment Funds (Hong Kong) Limited as at
†
Morningstar, Inc. All Rights Reserved. Morningstar RatingTM as of 31 December 2017. 31 December 2017.
1. Fund changes that may have material impact on performance: 21 May 2007 – investment vehicle expanded.
1 Jan 2011 – fee structure has changed. 16 Sep 2013 and 20 Jun 2016 – investment objective changed.
2. The performance and dividend yield of a Class may be affected by many factors such as, where applicable, exchange rate
fluctuation, currency hedging costs and interest rate differentiation between different currencies. Therefore, different
Classes may have different performance and dividend yield, and the performance and dividend yield of a Class cannot be
used to represent the performance and dividend yield of another Class.
3. Reference Performance Benchmark: JP Morgan EMBI Global since 1 Jan 2000. Prior to that, was JP Morgan EMBI.
Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for
further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission.
www.assetmanagement.hsbc.com/hk
Issued by HSBC Global Asset Management (Hong Kong) Limited
Portfolio composition Bloomberg ticker
Class AM3HAUD HGEAMHA LX
Country allocation % Class AM3HEUR HGEAMHE LX
Turkey 10.2 Class AM2HKD HGEMBAM LX
Class AM2 HSGEMAM LX
Mexico 8.9
Class ACHKD HSEMACH LX
Argentina 8.8 Class AC HSBCGEA LX
Indonesia 8.3 Class PD^ HSBCGLM LX
Brazil 5.3 Financial Y/E 31 March
China 4.8
Dividend policy
Russia 4.4
Class AM3HAUD Monthly, if any
Colombia 4.3 Class AM3HEUR Monthly, if any
United States 3.1 Class AM2HKD Monthly, if any
Others 42.0 Class AM2 Monthly, if any
Class ACHKD No distribution
Percentage may not total 100 due to rounding.
Class AC No distribution
Class PD^ Annually, if any
Top 10 holdings %
Argentina (Republic of) 7.5% 22/04/26 Argentina 2.5
Colombia (Republic of) 3.875% 25/04/27 Colombia 2.1
Portfolio characteristics
Argentina (Republic of) 6.875% 26/01/27 Argentina 1.7 Annualised volatility (3-year) 5.70%
Russia Global 4.875% 16/09/23 Russia 1.6 Sharpe ratio (3-year) 0.68
Turkey (Republic of) 4.875% 09/10/26 Turkey 1.6
Petroleos Mexicanos 4.5% 23/01/26 Mexico 1.4
HSBC fund code
Argentina (Republic of) 7.625% 22/04/46 Argentina 1.4
Dominican Republic 6.875% 29/01/26 Dominican Republic 1.2 Class PD^ u42373
Class AM2 u62497
Argentina (Republic of) 6.875% 22/04/21 Argentina 1.2
Class AM2HKD u62512
Ukraine (Republic of) 7.75% 01/09/27 Ukraine 1.2 Class AM3HAUD u62537
Class AM3HEUR u62538
Dividend history of Class AM2
(Dividend is not guaranteed and may be paid out of capital)#
Month Dividend amount Bid price as of Annualised yield
ex-dividend date
Jan - 17 USD0.1076 USD23.949 5.39%
Feb - 17 USD0.1038 USD24.359 5.12%
Mar - 17 USD0.1010 USD24.342 4.98%
Apr - 17 USD0.1181 USD24.596 5.76%
May - 17 USD0.0992 USD24.629 4.83%
Jun - 17 USD0.0976 USD24.450 4.79%
Jul - 17 USD0.1016 USD24.510 4.97%
Aug - 17 USD0.1005 USD24.784 4.87%
Sep - 17 USD0.0915 USD24.652 4.45%
Oct - 17 USD0.0939 USD24.583 4.59%
Nov - 17 USD0.1000 USD24.421 4.91%
Dec - 17 USD0.1020 USD24.429 5.01%
#
Dividend is not guaranteed and will result in reduction in net asset value. A positive distribution yield does not
imply a positive return. The calculation method of annualised yield: (dividend value/ bid price as of ex-dividend
date) x 12. The annualised dividend yield is calculated based on the dividend distribution on the relevant date
with dividend reinvested, and may be higher or lower than the actual annual dividend yield. Dividend may be paid ^
Class PD is closed for subscription with effect from 10 April
out of capital and will result in capital erosion. The performance and dividend yield of a Class may be affected 2012.
by many factors such as, where applicable, exchange rate fluctuation, currency hedging costs and interest rate
differentiation between different currencies. Therefore, different Classes may have different performance and
dividend yield, and the performance and dividend yield of a Class cannot be used to represent the performance
and dividend yield of another Class.
Information has been obtained from sources believed to be reliable but J.P. Morgan does not warrant its completeness or
accuracy. The Index is used with permission. The Index may not be copied, used, or distributed without J.P. Morgan’s prior
written approval. Copyright 2012, J.P. Morgan Chase & Co. All rights reserved.
Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for
further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission.
www.assetmanagement.hsbc.com/hk
Issued by HSBC Global Asset Management (Hong Kong) Limited
Important information:
• The Fund invests primarily in emerging markets fixed income securities.
• The Fund is subject to the risks of investing in emerging markets and non-investment grade bonds are subject to higher risk than
investment grade bonds.
• The Fund may invest up to 30% of its net asset value in securities issued by a single sovereign issuer with a non-investment grade credit
rating and is subject to higher concentration risk, sovereign risk and credit risk.
• For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses. Investors should note that
the payment of dividends out of capital or effectively out of capital represents a return or withdrawal of part of the amount they originally
invested or from any capital gains attributable to the original investment. Such distributions may result in an immediate decrease in the net
asset value of the Fund.
• The Fund may invest in financial derivative instruments for investment purpose and may suffer substantial loss if the relevant issuers default
or the relevant instruments cannot be realised or perform badly.
• The Fund’s investments may involve substantial credit/counterparty, downgrading, market, volatility, liquidity, regulatory and political risks.
Investors may suffer substantial loss of their investments in the Fund.
• Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this
document and should read the offering document of the Fund for details. This document does not constitute an offering document.
Dec-17 28-Dec-17 USD 0.1020 USD 24.429 5.01% Dec-17 28-Dec-17 HKD 0.0402 HKD 9.627 5.01%
Nov-17 30-Nov-17 USD 0.1000 USD 24.421 4.91% Nov-17 30-Nov-17 HKD 0.0393 HKD 9.618 4.91%
Oct-17 31-Oct-17 USD 0.0939 USD 24.583 4.59% Oct-17 31-Oct-17 HKD 0.0370 HKD 9.671 4.59%
Sep-17 29-Sep-17 USD 0.0915 USD 24.652 4.45% Sep-17 29-Sep-17 HKD 0.0361 HKD 9.709 4.46%
Aug-17 31-Aug-17 USD 0.1005 USD 24.784 4.87% Aug-17 31-Aug-17 HKD 0.0396 HKD 9.781 4.86%
Jul-17 28-Jul-17 USD 0.1016 USD 24.510 4.97% Jul-17 28-Jul-17 HKD 0.0400 HKD 9.654 4.97%
Jun-17 30-Jun-17 USD 0.0976 USD 24.450 4.79% Jun-17 30-Jun-17 HKD 0.0384 HKD 9.624 4.78%
May-17 24-May-17 USD 0.0992 USD 24.629 4.83% May-17 24-May-17 HKD 0.0389 HKD 9.672 4.83%
Apr-17 28-Apr-17 USD 0.1181 USD 24.596 5.76% Apr-17 28-Apr-17 HKD 0.0463 HKD 9.646 5.76%
Mar-17 31-Mar-17 USD 0.1010 USD 24.342 4.98% Mar-17 31-Mar-17 HKD 0.0395 HKD 9.539 4.97%
Feb-17 28-Feb-17 USD 0.1038 USD 24.359 5.12% Feb-17 28-Feb-17 HKD 0.0406 HKD 9.534 5.11%
Jan-17 25-Jan-17 USD 0.1076 USD 23.949 5.39% Jan-17 25-Jan-17 HKD 0.0421 HKD 9.368 5.39%
Dec-16 30-Dec-16 USD 0.1077 USD 23.856 5.42% Dec-16 30-Dec-16 HKD 0.0421 HKD 9.326 5.42%
Nov-16 25-Nov-16 USD 0.0985 USD 23.624 5.00% Nov-16 25-Nov-16 HKD 0.0385 HKD 9.239 5.00%
Oct-16 28-Oct-16 USD 0.0964 USD 24.799 4.67% Oct-16 28-Oct-16 HKD 0.0377 HKD 9.696 4.67%
Sep-16 30-Sep-16 USD 0.0960 USD 25.252 4.56% Sep-16 30-Sep-16 HKD 0.0376 HKD 9.875 4.56%
Aug-16 26-Aug-16 USD 0.1042 USD 25.335 4.93% Aug-16 26-Aug-16 HKD 0.0408 HKD 9.908 4.94%
Jul-16 29-Jul-16 USD 0.1012 USD 24.982 4.86% Jul-16 29-Jul-16 HKD 0.0396 HKD 9.775 4.86%
Jun-16 22-Jun-16 USD 0.1048 USD 24.342 5.17% Jun-16 22-Jun-16 HKD 0.0410 HKD 9.521 5.17%
May-16 27-May-16 USD 0.0963 USD 24.034 4.81% May-16 27-May-16 HKD 0.0377 HKD 9.412 4.80%
Apr-16 29-Apr-16 USD 0.0937 USD 24.396 4.61% Apr-16 29-Apr-16 HKD 0.0366 HKD 9.542 4.61%
Mar-16 24-Mar-16 USD 0.1054 USD 23.967 5.28% Mar-16 24-Mar-16 HKD 0.0413 HKD 9.378 5.29%
Feb-16 26-Feb-16 USD 0.1148 USD 23.484 5.87% Feb-16 26-Feb-16 HKD 0.0450 HKD 9.204 5.87%
Jan-16 29-Jan-16 USD 0.1093 USD 23.207 5.65% Jan-16 29-Jan-16 HKD 0.0427 HKD 9.107 5.63%
#Dividend amount is rounded up to four decimal places. Dividend is not guaranteed and will result in reduction in net asset value. A positive distribution yield does not
imply a positive return. The calculation method of annualised yield: (dividend value/ bid price as of ex-dividend date) x 12. The annualised dividend yield is calculated
based on the dividend distribution on the relevant date with dividend reinvested, and may be higher or
lower than the actual annual dividend yield. Dividend may be paid out of capital and will result in capital
erosion. The performance and dividend yield of a Class may be affected by many factors such as, where
applicable, exchange rate fluctuation, currency hedging costs and interest rate differentiation between
different currencies. Therefore, different Classes may have different performance and dividend yield, and
the performance and dividend yield of a Class cannot be used to represent the performance and dividend
yield of another Class.
Investment involves risks. Past performance is not indicative of future performance. Please refer to the
offering document for further details including the risk factors. The document has not been reviewed by the
Securities and Futures Commission.
Issued by HSBC Global Asset Management (Hong Kong) Limited
Important information:
• The Fund invests primarily in emerging markets fixed income securities.
• The Fund is subject to the risks of investing in emerging markets and non-investment grade bonds are subject to higher risk than
investment grade bonds.
• The Fund may invest up to 30% of its net asset value in securities issued by a single sovereign issuer with a non-investment grade credit
rating and is subject to higher concentration risk, sovereign risk and credit risk.
• For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses. Investors should note that
the payment of dividends out of capital or effectively out of capital represents a return or withdrawal of part of the amount they originally
invested or from any capital gains attributable to the original investment. Such distributions may result in an immediate decrease in the net
asset value of the Fund.
• The Fund may invest in financial derivative instruments for investment purpose and may suffer substantial loss if the relevant issuers default
or the relevant instruments cannot be realised or perform badly.
• The Fund’s investments may involve substantial credit/counterparty, downgrading, market, volatility, liquidity, regulatory and political risks.
Investors may suffer substantial loss of their investments in the Fund.
• Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this
document and should read the offering document of the Fund for details. This document does not constitute an offering document.
Dec-17 28-Dec-17 AUD 0.0378 AUD 8.784 5.16% Dec-17 28-Dec-17 EUR 0.0219 EUR 8.524 3.09%
Nov-17 30-Nov-17 AUD 0.0382 AUD 8.782 5.22% Nov-17 30-Nov-17 EUR 0.0216 EUR 8.538 3.03%
Oct-17 31-Oct-17 AUD 0.0364 AUD 8.841 4.94% Oct-17 31-Oct-17 EUR 0.0180 EUR 8.593 2.52%
Sep-17 29-Sep-17 AUD 0.0353 AUD 8.867 4.78% Sep-17 29-Sep-17 EUR 0.0190 EUR 8.618 2.65%
Aug-17 31-Aug-17 AUD 0.0389 AUD 8.914 5.24% Aug-17 31-Aug-17 EUR 0.0214 EUR 8.664 2.96%
Jul-17 28-Jul-17 AUD 0.0390 AUD 8.815 5.31% Jul-17 28-Jul-17 EUR 0.0205 EUR 8.569 2.87%
Jun-17 30-Jun-17 AUD 0.0386 AUD 8.796 5.26% Jun-17 30-Jun-17 EUR 0.0216 EUR 8.547 3.03%
May-17 24-May-17 AUD 0.0402 AUD 8.862 5.44% May-17 24-May-17 EUR 0.0213 EUR 8.617 2.97%
Apr-17 28-Apr-17 AUD 0.0459 AUD 8.852 6.22% Apr-17 28-Apr-17 EUR 0.0282 EUR 8.604 3.93%
Mar-17 31-Mar-17 AUD 0.0423 AUD 8.760 5.79% Mar-17 31-Mar-17 EUR 0.0249 EUR 8.513 3.51%
Feb-17 28-Feb-17 AUD 0.0424 AUD 8.769 5.80% Feb-17 28-Feb-17 EUR 0.0263 EUR 8.527 3.70%
Jan-17 25-Jan-17 AUD 0.0447 AUD 8.622 6.22% Jan-17 25-Jan-17 EUR 0.0205 EUR 8.384 2.93%
Dec-16 30-Dec-16 AUD 0.0441 AUD 8.591 6.16% Dec-16 30-Dec-16 EUR 0.0310 EUR 8.349 4.45%
Nov-16 25-Nov-16 AUD 0.0411 AUD 8.507 5.79% Nov-16 25-Nov-16 EUR 0.0274 EUR 8.280 3.97%
Oct-16 28-Oct-16 AUD 0.0405 AUD 8.932 5.44% Oct-16 28-Oct-16 EUR 0.0265 EUR 8.699 3.66%
Sep-16 30-Sep-16 AUD 0.0405 AUD 9.097 5.35% Sep-16 30-Sep-16 EUR 0.0264 EUR 8.864 3.58%
Aug-16 26-Aug-16 AUD 0.0457 AUD 9.128 6.00% Aug-16 26-Aug-16 EUR 0.0303 EUR 8.900 4.09%
Jul-16 29-Jul-16 AUD 0.0452 AUD 9.002 6.02% Jul-16 29-Jul-16 EUR 0.0298 EUR 8.780 4.07%
Jun-16 22-Jun-16 AUD 0.0460 AUD 8.769 6.29% Jun-16 22-Jun-16 EUR 0.0316 EUR 8.565 4.43%
May-16 27-May-16 AUD 0.0451 AUD 8.663 6.24% May-16 27-May-16 EUR 0.0285 EUR 8.460 4.04%
Apr-16 29-Apr-16 AUD 0.0438 AUD 8.797 5.97% Apr-16 29-Apr-16 EUR 0.0278 EUR 8.590 3.89%
Mar-16 24-Mar-16 AUD 0.0481 AUD 8.641 6.68% Mar-16 24-Mar-16 EUR 0.0329 EUR 8.444 4.67%
Feb-16 26-Feb-16 AUD 0.0507 AUD 8.472 7.18% Feb-16 26-Feb-16 EUR 0.0367 EUR 8.279 5.32%
Jan-16 29-Jan-16 AUD 0.0490 AUD 8.373 7.03% Jan-16 29-Jan-16 EUR 0.0345 EUR 8.182 5.05%
#Dividend amount is rounded up to four decimal places. Dividend is not guaranteed and will result in reduction in net asset value. A positive distribution yield does not
imply a positive return. The calculation method of annualised yield: (dividend value/ bid price as of ex-dividend date) x 12. The annualised dividend yield is calculated
based on the dividend distribution on the relevant date with dividend reinvested, and may be higher or
lower than the actual annual dividend yield. Dividend may be paid out of capital and will result in capital
erosion. The performance and dividend yield of a Class may be affected by many factors such as, where
applicable, exchange rate fluctuation, currency hedging costs and interest rate differentiation between
different currencies. Therefore, different Classes may have different performance and dividend yield, and
the performance and dividend yield of a Class cannot be used to represent the performance and dividend
yield of another Class.
Investment involves risks. Past performance is not indicative of future performance. Please refer to the
offering document for further details including the risk factors. The document has not been reviewed by the
Securities and Futures Commission.
Issued by HSBC Global Asset Management (Hong Kong) Limited
PRODUCT KEY FACTS
產品資料概要
HSBC Global Investment Funds –
Global Emerging Markets Bond
滙豐環球投資基金 – 環球新興市場債券
This statement provides you with key information about the HSBC Global Investment Funds –
Global Emerging Markets Bond
本概要提供有關滙豐環球投資基金 - 環球新興市場債券的重要資料
This statement is part of the offering document
本概要是銷售文件的一部分
You should not invest in this product based on this statement alone
投資者切勿單憑本概要作投資決定
Quick facts 基本資料
Fund manager 基金經理 HSBC Investment Funds (Luxembourg) S.A.
Investment adviser 投資顧問 HSBC Global Asset Management (USA) Inc. (Internal delegation 內部委託)
Custodian 保管人 HSBC Bank Plc, Luxembourg Branch
Dealing frequency 進行交易 Daily on every dealing day / 每一個交易日
Base currency (reference currency) USD / 美元
基本貨幣(參考貨幣)
Ongoing charges over a year Class AC / AC類 1.60%^
過去一年經常性開支比率 Class ACHKD / ACHKD類 1.60%^
Class AM2 / AM2類 1.60%^
Class AM2HKD / AM2HKD類 1.60%^
Class AM3HAUD / AM3HAUD類 1.64%^
Class AM3HCAD / AM3HCAD類 1.66%^^
Class AM3HEUR / AM3HEUR類 1.64%^
Class AM3HGBP / AM3HGBP類 1.66%^^
Class PD^^^ / PD^^^類 1.35%^
Dividend policy 股息政策 Class AC/ACHKD – No dividends will be declared or paid;
AC/ACHKD類 – 將不宣佈或派發股息﹔
Class AM2 / AM2HKD / AM3HAUD / AM3HCAD / AM3HEUR / AM3HGBP – Declared monthly on a
discretionary basis, and if declared, dividends will be paid monthly. Dividends may be paid out of the
capital of the relevant Class and may lead to capital erosion;
AM2 / AM2HKD / AM3HAUD / AM3HCAD / AM3HEUR / AM3HGBP類 – 按酌情基準每月宣佈,如
獲宣佈,將會每月派發股息。股息可從相關類別的資本中支付,可能導致資本被蠶食﹔
Class PD – Declared annually on a discretionary basis, and if declared, will be paid annually.
PD 類 – 按酌情基準每年宣佈,如獲宣佈,將會每年派發股息。
Financial year end 財政年度終結日 31 March / 3月31日
Minimum investment 最低認購額 Class AC / AM2 / PD – US$1,000 (initial and subsequent) /
AC / AM2 / PD類 – 1,000美元(首次及其後)
Class ACHKD / AM2HKD – HK$10,000 (initial and subsequent) / ACHKD / AM2HKD類 – 10,000港元
(首次及其後)
Class AM3HAUD – AUD1,500 (initial and subsequent) / AM3HAUD類 – 1,500澳元(首次及其後)
Class AM3HCAD – CAD1,000 (initial and subsequent) / AM3HCAD類 – 1,000加拿大元(首次及其後)
Class AM3HEUR – EUR850 (initial and subsequent) / AM3HEUR類 – 850歐元(首次及其後)
Class AM3HGBP – GBP650 (initial and subsequent) / AM3HGBP類 – 650英鎊(首次及其後)
^ The figure is based on ongoing expenses chargeable to the class expressed as a percentage of the class’s average net asset value for the year ended 31
March 2017. This figure may vary from year to year.
此數字指截至2017年3月31日可向類別收取的經常性開支總額,並以類別的平均資產淨值的百分比表示。數字每年均可能有所變動。
^^ The figure is an estimate only (as the class has not been launched) and represents the sum of the estimated ongoing expenses chargeable to the class expressed
as a percentage of the class's estimated average net asset value. This figure may vary from year to year. The actual figure may be different from the estimated figure.
此僅為估計數字(因為類別未成立),指可向類別收取的估計經常性開支總額,並以類別的估計平均資產淨值的百分比表示。此數字每年均可能有所變
動。實際數字可能有別於估計數字。
^^^ Class PD is closed for subscription.
PD類已停止接受認購。
What is this product? 本基金是甚麼產品?
This is a sub-fund (the “Fund”) of an umbrella fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is
Commission de Surveillance du Secteur Financier.
本附屬基金(「基金」)所屬的傘子基金以互惠基金形式組成。本基金在盧森堡註冊成立,在當地由Commission de Surveillance du Secteur
Financier監管。
本基金 基準
Past performance information is not indicative of future performance. Investors may not get back the full amount invested.
過去業績並不代表將來的表現。投資者可能不能取回全部投資金額。
The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.
業績表現以曆年末的資產淨值作為比較基礎,股息會滾存再作投資。
These figures show by how much the share class increased or decreased in value during the calendar year being shown. Performance data
has been calculated in USD including ongoing charges and excluding subscription fee and redemption fee you might have to pay.
數據顯示股份類別於上述曆年的價值升跌。業績數據以美元計算,包括經常性開支但不包括您可能需支付的認購費用及贖回費用。
Where no past performance is shown there was insufficient data available in that year to provide performance.
假如並無顯示過往表現,則表示該年度並無足夠數據以提供表現。
The Fund has formally adopted JP Morgan EMBI Global as the reference performance benchmark of the Fund with effect from 2016. The
reference performance benchmark is shown for comparison purposes only and the Fund may not be managed to the reference
performance benchmark.
本基金已由 2016 年起正式採用摩根環球新興市場債券指數(JP Morgan EMBI Global)作為本基金的參考表現基準。所示參考表現基準
僅供比較用途,而本基金不一定依據參考表現基準予以管理。
Fund launch date: 04/04/2003
基金成立日期:04/04/2003
Class AM2 launch date: 05/01/2011
AM2類成立日期:05/01/2011
Class AM2 is a share class open for investment by Hong Kong retail investors and denominated in the Fund’s reference currency.
AM2類乃開放予香港零售投資者投資及以本基金的參考貨幣計價的股份類別。