HSBC Global Investment Funds - Global Equity Volatility Focused H Share Class AM3O 28 Feb 2019 AM3O 28 Feb 2019 Risk Disclosure The Fund invests mainly in global equities. The Fund is subject to the risks of investing in emerging markets. The Fund may invest in onshore Chinese securities through various market access schemes and China A-shares Access Products. Such investments involve additional risks, including the risks associated with China s tax rules and practices. Because the Fund s base currency, investments and classes may be denominated in different currencies, investors may be affected adversely by exchange controls and exchange rate fluctuations. There is no guarantee that the currency hedging strategy applied to the relevant classes will achieve its desired result. The Fund may pay dividends out of capital or gross of expenses. Dividend is not guaranteed and may result in capital erosion and reduction in net asset value. The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value. The Fund s investments may involve substantial credit, currency, volatility, liquidity, interest rate, tax 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. Fund Objective and Strategy Investment Objective The Fund aims to provide long-term total return (meaning capital growth and income) by investing in shares (or securities that are similar to shares) of companies around the world. The Fund aims to have a lower volatility (less fluctuation in the Fund s share prices) than the MSCI All Country World Index. Investment Strategy In normal market conditions, at least 90% of the Fund s assets are invested in company securities. The Fund can also invest in Real Estate Investment Trusts financial derivative instruments and collective investment schemes. There aren t restrictions on the market values of the companies held in the Fund. The Fund uses a technique called portfolio optimisation that selects stocks that are less correlated to one another. This has the effect of diversifying the Fund which should in turn lower its volatility. The Fund's maximum exposure to China A-shares and China B-shares is 20% of its assets. The Fund will not invest more than 10% of its assets in a combination of participation notes and convertible securities. See the Prospectus for a full description of the investment objectives and derivative usage. Share Class Details Performance (%) YTD 1M 3M 1Y 3Y¹ 5Y¹ UCITS V Compliant Yes Distribution Type Distributing AM3O 10.40 3.14 1.69-3.07 25.51 - Distribution Frequency Dealing Frequency Monthly Daily Calendar Year Min. Initial Investment 1,500 2014 2015 2016 2017 2018 Performance (%)² Max. Initial Charge 4.50% AM3O 3.21-5.20 4.23 16.89-10.42 Management Fee Base Currency 1.50% 3-Year Risk Characteristics Fund Domicile Luxembourg AM3O Measures Number of Holdings ISIN LU1066052546 64 Volatility 10.18% ex Cash Inception Date 26 Jun 2014 Avg Market NAV per Share 9.89 Cap ( 128,467 Fund Size 195,156,583 mil) Bloomberg Ticker HSBGLAU LX Manager Angus Parker Past performance is not an indicator of future returns. The figures are calculated in the share class base currency, NAV to NAV basis with dividend reinvested, net of 1 Result is cumulative when calculation period fees. If investment performance is not denominated in or, or is over one year. based investors are exposed to exchange rate fluctuations. 2 The calendar year return of the first year is Source: HSBC Global Asset Management, data as at 28 February 2019 calculated between share class inception date and calendar year end of first year if the share class has less than 5-year history. Fund change that may have material impact on performance: 20 Jun 2016 investment objective changed. 16 Nov 2018 - Change in the manner of charging sales charge / switching charge. Due to the Fund s investment approach, the Fund s investment may have less sensitivity to the market both in up and down markets, especially during periods where the market is momentum driven. To download the offering documents from http://services.assetmanagement.hsbc.com.hk/site/media/pdf/docume nts/english/amhk_hgif.pdf
Monthly Performance Commentary Market Review Global Equities gained during February on optimism over Sino-US trade relations. Both the USA and Chinese equity markets were the best performers, buoyed by the aforementioned optimism as well as robust economic data out of the US, which showed QoQ GDP growth was ahead of consensus and unemployment numbers were down. Adding to this, Chinese equities gained as policies aimed at spurring consumption and counteracting a slowing economy, appear to be increasing activity. At the other end of the spectrum was Brazil, which lagged on weaker than expected growth data. Across the central banks; The US Federal Reserve pivoted to a more dovish stance in January and no longer has a bias to hike interest rates. The same is expected from the European Central Bank after they assessed that the balance of risks are now tilted to the downside. The Bank of England also struck a more dovish tone in February, reflecting weaker growth and Brexit-related uncertainty, however, a rate hike is still possible later in 2019 in the event of a smooth resolution to the current Brexit impasse. With inflation well below the Bank of Japan s 2% target, policy is likely to remain loose. Meanwhile, the People s Bank of China is in easing mode. Fund Review Contributors to relative performance included Masco Corp, which reported strong net sales and earnings growth for 4Q and 2018, led by growth in the Plumbing and Decorative Architectural products segments and sales growth in North America. Additionally, IQVIA gained after reporting strong earnings that were driven by its 2017 investments, as the merger integration and repositioned strategy propelled its margin and growth profile upwards. Detractors included UnitedHealth, which fell on news of a Medicare for all act that was proposed by the Democrats progressive wing and that has the potential to replace most insurers. Furthermore, BAE Systems fell after stating German limits on exports to Saudi Arabia could hinder its ability to do business with the country, jeopardising multiple contracts and impacting earnings. During the period, there was no portfolio turnover. Sector and country allocation effects are residual to the stock selection process. Sector allocation was positive for the month and mainly driven by an underweight exposure to Communication Services. Country allocation was flat with no one country eliciting a material effect. Style factor effects were negative for the period with no one factor eliciting a material effect. Outlook Our measure of the global equity risk premium (excess return over cash) is still reasonable given where we are in the profit cycle. We believe global equities still offer attractive rewards despite the risks to the growth outlook, while corporate fundamentals remain solid. Overall, support from still loose monetary policy and fiscal policy may, in the medium and longer term, outweigh any headwinds from more modest Chinese growth, trade tensions, and political uncertainty in many regions. However, investors must be aware of potential risks. Episodic volatility may be triggered by concerns surrounding global trade tensions, Chinese growth, and/or a potentially more rapid than expected Fed, ECB or BoJ normalisation of policy, coupled with political risks. A notable and persistent deterioration of the global economic outlook could also dampen our view. Finally, rising wage growth in many developed economies may undermine corporate profits. Your equity portfolio aims to deliver diversified global equity exposure with lower volatility. Lower volatility can offer a smoother performance pattern that can help investors stay invested and capture long-term returns. The portfolio aims to invest in companies with an attractive combination of profitability and valuation. These quality companies typically have sustainable business models, strong balance sheets and good management. These stocks are combined with an aim to deliver a portfolio with lower volatility.
Sector Allocation (%) Geographical Allocation (%) Financials Information Technology Industrials Health Care Consumer Discretionary Consumer Staples Energy Communication Services Materials Real Estate Utilities Cash & Others 20.69 17.23 18.42 15.31 14.05 10.49 11.17 11.70 9.18 10.00 7.61 8.20 5.83 6.27 4.46 9.41 3.39 4.94 2.10 3.18 1.80 3.26 1.29 0.00 United States United Kingdom Japan Germany China France Italy Netherlands Switzerland Hong Kong Other Locations Cash & Others 14.17 5.47 11.02 7.32 6.16 2.66 4.12 3.59 2.66 3.35 2.51 0.65 2.36 0.90 2.10 2.71 1.50 1.47 4.08 17.26 1.29 0.00 48.02 54.62 AM3O Reference Benchmark AM3O Reference Benchmark The benchmark data is that of the reference benchmark of the fund, MSCI AC World Net, as this data is calculated at fund level rather than share class level. Top 10 Holdings (%) Location Sector Weight (%) IQVIA Holdings Inc United States Health Care 2.57 Microsoft Corp United States Information Technology 2.52 Compass Group PLC United Kingdom Consumer Discretionary 2.45 Home Depot Inc United States Consumer Discretionary 2.44 Cisco Systems Inc United States Information Technology 2.34 Bank of America Corp United States Financials 2.26 Johnson & Johnson United States Health Care 2.25 Munchener Ruckvers AG Germany Financials 2.10 Nestle SA Switzerland Consumer Staples 2.10 Masco Corp United States Industrials 2.09 Source: HSBC Global Asset Management, data as at 28 February 2019
Important Information This document is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. Any views and opinions expressed are subject to change without notice. This document does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Global Asset Management (Hong Kong) Limited ( AMHK ) accepts no liability for any failure to meet such forecast, projection or target. AMHK has based this document on information obtained from sources it reasonably believes to be reliable. However, AMHK does not warrant, guarantee or represent, expressly or by implication, the accuracy, validity or completeness of such information. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. This document has not been reviewed by the Securities and Futures Commission. Copyright HSBC Global Asset Management (Hong Kong) Limited 2019. All rights reserved. This document is issued by HSBC Global Asset Management (Hong Kong) Limited.
HSBC Global Investment Funds - Global Equity Volatility Focused Supplement Information Sheet 28 Feb 2019 Share Class AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O Base Currency EUR EUR EUR EUR EUR Distribution Frequency Dividend ex-date Dividend Amount Annualised Yield (Distribution is not guaranteed and may be paid out of capital) Monthly 28 Feb 2019 0.018309 2.22% Monthly 31 Jan 2019 0.017830 2.23% Monthly 28 Dec 2018 0.017960 2.40% Monthly 30 Nov 2018 0.030865 3.79% Monthly 31 Oct 2018 0.029334 3.61% Monthly 28 Sep 2018 0.032755 3.73% Monthly 29 Aug 2018 0.033086 3.78% Monthly 26 Jul 2018 0.022243 2.56% Monthly 29 Jun 2018 0.021676 2.57% Monthly 25 May 2018 0.022158 2.58% Monthly 27 Apr 2018 0.021036 2.45% Monthly 28 Mar 2018 0.023103 2.73% Monthly 28 Feb 2019 0.024746 2.93% Monthly 31 Jan 2019 0.023680 2.89% Monthly 28 Dec 2018 0.023890 3.12% Monthly 30 Nov 2018 0.035328 4.24% Monthly 31 Oct 2018 0.035503 4.29% Monthly 28 Sep 2018 0.035501 3.97% Monthly 29 Aug 2018 0.035843 4.02% Monthly 26 Jul 2018 0.024008 2.71% Monthly 29 Jun 2018 0.024311 2.83% Monthly 25 May 2018 0.023958 2.74% Monthly 27 Apr 2018 0.023996 2.74% Monthly 28 Mar 2018 0.023687 2.75% Monthly 28 Feb 2019 0.025050 2.93% Monthly 31 Jan 2019 0.023910 2.88% Monthly 28 Dec 2018 0.024110 3.11% Monthly 30 Nov 2018 0.035730 4.25% Monthly 31 Oct 2018 0.035840 4.28% Monthly 28 Sep 2018 0.035947 3.98% Monthly 29 Aug 2018 0.036284 4.02% Monthly 26 Jul 2018 0.024301 2.71% Monthly 29 Jun 2018 0.024602 2.83% Monthly 25 May 2018 0.024258 2.74% Monthly 27 Apr 2018 0.024296 2.74% Monthly 28 Mar 2018 0.023913 2.74% Monthly 28 Feb 2019 0.017540 2.13% Monthly 31 Jan 2019 0.013710 1.72% Monthly 28 Dec 2018 0.016150 2.16% Monthly 30 Nov 2018 0.028918 3.56% Monthly 31 Oct 2018 0.026793 3.31% Monthly 28 Sep 2018 0.029689 3.40% Monthly 29 Aug 2018 0.029979 3.44% Monthly 26 Jul 2018 0.017459 2.02% Monthly 29 Jun 2018 0.017416 2.07% Monthly 25 May 2018 0.016952 1.98% Monthly 27 Apr 2018 0.016541 1.93% Monthly 28 Mar 2018 0.018459 2.19% Monthly 28 Feb 2019 0.001523 0.18% Monthly 30 Nov 2018 0.012334 1.51% Monthly 31 Oct 2018 0.008044 0.99% Monthly 28 Sep 2018 0.014163 1.62% Monthly 29 Aug 2018 0.012118 1.39%
HSBC Global Investment Funds - Global Equity Volatility Focused Supplement Information Sheet 28 Feb 2019 Share Class AM3OSGD AM3OSGD AM3OSGD AM3OSGD AM3OSGD AM3OSGD Base Currency EUR EUR EUR SGD SGD SGD SGD SGD SGD Distribution Frequency Dividend ex-date Dividend Amount Annualised Yield (Distribution is not guaranteed and may be paid out of capital) Monthly 29 Jun 2018 0.002378 0.28% Monthly 25 May 2018 0.000246 0.03% Monthly 28 Mar 2018 0.003020 0.36% Monthly 28 Feb 2019 0.023633 2.83% Monthly 31 Jan 2019 0.020823 2.57% Monthly 28 Dec 2018 0.033615 4.44% Monthly 30 Nov 2018 0.044763 5.43% Monthly 31 Oct 2018 0.054174 6.61% Monthly 28 Sep 2018 0.039135 4.41% Monthly 29 Aug 2018 0.038657 4.37% Monthly 26 Jul 2018 0.037116 4.23% Monthly 29 Jun 2018 0.037724 4.43% Monthly 25 May 2018 0.039065 4.51% Monthly 27 Apr 2018 0.035115 4.05% Monthly 28 Mar 2018 0.040806 4.78% Monthly 28 Feb 2019 0.018320 2.20% Monthly 31 Jan 2019 0.016510 2.04% Monthly 28 Dec 2018 0.017720 2.34% Monthly 30 Nov 2018 0.027839 3.38% Monthly 31 Oct 2018 0.028788 3.52% Monthly 28 Sep 2018 0.029830 3.37% AM3OSGD SGD Monthly 29 Aug 2018 0.028551 3.24% AM3OSGD SGD Monthly 26 Jul 2018 0.016413 1.88% AM3OSGD SGD Monthly 29 Jun 2018 0.017492 2.06% AM3OSGD SGD Monthly 25 May 2018 0.016363 1.89% AM3OSGD SGD Monthly 27 Apr 2018 0.016436 1.90% AM3OSGD SGD Monthly 28 Mar 2018 0.017203 2.02% The above table cites the last dividend paid within the last 12 months only. Dividend is not guaranteed and may be paid out of capital, which will result in capital erosion and reduction in net asset value. A positive distribution yield does not imply a positive return. Past payout yields and payments do not represent future payout yields and payments. Historical payments may be comprised of both distributed income and capital. The calculation method of annualised yield: (dividend value / NAV per share or unit as of ex-dividend date) x n, n depends on the distributing frequency. Annually distribution is 1; semi-annually distribution is 2; quarterly distribution is 4; monthly distribution is 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.
滙豐環球投資基金 - 環球股票專注波幅 H 股份類別 AM3O 2019 年 2 月 28 日 AM3O 28/02/2019 風險披露 本基金主要投資於環球股票 本基金涉及與投資於新興市場有關的風險 本基金可透過各項市場准入計劃及中國 A 股連接產品投資於中國在岸證券 該等投資涉及額外風險, 包括與中國稅務規則和慣例有關的風險 由於本基金的基本貨幣 投資及份額類別可按不同的貨幣計值, 故此, 外匯管制及匯率波動可能對投資者構成不利影響 並不保證有關份額類別的貨幣對沖策略可達致其預期效果 本基金可從資本中或未扣除開支前撥付股息 派息不獲保證及會導致資本蠶食及資產淨值減少 本基金可投資於金融衍生工具作投資用途, 可能使本基金的資產淨值較波動 本基金之投資可能涉及重大的信貸 貨幣 波動性 流動性 利率 稅務及政治風險 投資者投資於本基金可能蒙受重大損失 基金產品並不相等於定期存款 投資者不應僅就此文件提供之資料作出投資決定, 而應細閱本基金之銷售文件 基金投資目標及策略投資目標本基金旨在透過投資環球公司的股票 ( 或類似於股票的證券 ), 提供長期總回報 ( 指資本增長及收益 ) 本基金旨在實現比摩根士丹利所有國家世界指數更低的波幅 ( 本基金股價波動更小 ) 投資策略在正常市況下, 本基金至少將 90% 的資產投資於公司證券 本基金亦可投資房地產投資信託基金 金融衍生工具及集體投資計劃 本基金持有的公司並無市值限制 本基金使用投資組合優化技術, 選擇相互之間關聯度較低的股票 這有助於分散本基金投資, 進而降低波幅 本基金投資中國 A 股及中國 B 股的上限是其資產的 20% 本基金最多可將其 10% 的資產投資於參與票據及可轉換證券組合 請參閱基金說明書, 了解關於投資目標及衍生工具使用的完整說明 股份類別詳情 基金表現 (%) 年初 UCITS V 合規是 1 個月 3 個月 1 年 3 年 ¹ 5 年 ¹ 至今派息類型派息 AM3O 10.40 3.14 1.69-3.07 25.51 - 派息頻率交易頻率 每月每日 年度回報表現 (%)² 2014 2015 2016 澳元 1,500 4.50% AM3O 3.21-5.20 4.23 16.89-10.42 管理費基本貨幣 1.50% 澳元 3 年風險衡量投資組合特點基金註冊地盧森堡 AM3O 指標持倉數量 ( 不包括現 ISIN 代號 LU1066052546 64 波幅 10.18% 金 ) 股份類別成立日期 2014 年 6 月 26 日 平均市值 ( 美每股資產淨值澳元 9.89 128,467 元百萬 ) 基金規模美元 195,156,583 彭博代號 HSBGLAU LX 過去的業績並不代表將來的表現 表現以股份類別基本貨幣計算, 資產淨值對資產淨值, 將 基金經理 Angus Parker 股息再作投資, 並已扣除費用 如投資業績非以港元或美元計算, 以港元或美元作投資的投 資者須承受匯率波動的風險 1 當計算期超過一年, 業績為累積表現 資料來源 : 滙豐環球投資管理, 數據截至 2019 年 2 月 28 日 2 如股份類別成立少於五年, 其首年年度表現為 成立日至年底 2017 2018 最低初始認購額首次認購費最高達 對本基金表現可能有重大影響的變動 :2016 年 6 月 20 日 - 更改投資目標 2018 年 11 月 16 日 - 變更收取銷售費 / 轉換費用的方式 鑑於本基金的投資方式, 本基金的投資對升市或跌市的敏感度可能較低, 尤其是市場以情緒為主導期間 從此處下載銷售文件 http://services.assetmanagement.hsbc.com.hk/site/media/pdf/documen ts/english/amhk_hgif.pdf
行業分佈 (%) 地區分佈 (%) 金融資訊科技工業健康護理可選消費品 消費必需品 能源 通信服務 物料 房地產 公用事業 現金及其他 7.61 8.20 5.83 6.27 4.46 9.41 3.39 4.94 2.10 3.18 1.80 3.26 1.29 0.00 20.69 17.23 18.42 15.31 14.05 10.49 11.17 11.70 9.18 10.00 美國英國日本德國中國 法國 意大利 荷蘭 瑞士 香港 其他地區 現金及其他 14.17 5.47 11.02 7.32 6.16 2.66 4.12 3.59 2.66 3.35 2.51 0.65 2.36 0.90 2.10 2.71 1.50 1.47 4.08 17.26 1.29 0.00 48.02 54.62 AM3O 參考基準 AM3O 參考基準 基準數據是基金參考基準的數據, 摩根士丹利所有國家世界淨回報指數因為該數據是在基金層面進行計算, 而非股票類別層面 十大持倉 (%) 地區 股票行業 比重 (%) IQVIA Holdings Inc 美國 健康護理 2.57 Microsoft Corp 美國 資訊科技 2.52 Compass Group PLC Home Depot Inc Cisco Systems Inc Bank of America Corp Johnson & Johnson Munchener Ruckvers AG Nestle SA Masco Corp 資料來源 : 滙豐環球投資管理, 數據截至 2019 年 2 月 28 日 英國 可選消費品 2.45 美國 可選消費品 2.44 美國 資訊科技 2.34 美國 金融 2.26 美國 健康護理 2.25 德國 金融 2.10 瑞士 消費必需品 2.10 美國 工業 2.09
重要資訊本文件只提供一般性資料, 並不針對任何可能收到本文件的人士的具體投資目標 財務狀況和特別需求 在此表達之意見可因應情況修改而不作另行通知 本文件並非銷售文件, 且不構成建議 要約出售或招攬購買或認購任何投資 本文件所載任何預測 預計或目標僅供説明用途, 且並非任何形式的保證 滙豐環球投資管理 ( 香港 ) 有限公司 ( 滙豐環球投資管理 ) 就預測 預計或目標未能達成概不承擔任何責任 本文件內的資料乃取自滙豐環球投資管理合理地相信可靠的來源 然而, 無論明示或暗示, 滙豐環球投資管理不保證 擔保或代表本文件內該等資料的準確性 有效性或完整性 投資附帶風險, 過去的業績並不代表將來的表現 請參閱銷售文件以便獲取其它資料, 包括風險因素 此文件並未經證券及期貨事務監察委員會批閱 版權 HSBC Global Asset Management (Hong Kong) Limited ( 滙豐環球投資管理 ( 香港 ) 有限公司 )2019 版權所有 本文件由 HSBC Global Asset Management (Hong Kong) Limited ( 滙豐環球投資管理 ( 香港 ) 有限公司 ) 刊發
滙豐環球投資基金 - 環球股票專注波幅 補充資料 2019 年 2 月 28 日 股份類別 AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O AM3O 基本貨幣澳元澳元澳元澳元澳元澳元澳元澳元澳元澳元澳元澳元美元美元美元美元美元美元美元美元美元美元美元美元港元港元港元港元港元港元港元港元港元港元港元港元加元加元加元加元加元加元加元加元加元加元加元加元歐元 派息頻率 除息日 每股股息 年化股息率 ( 派息不獲保證及可從股本中分派 ) 每月 2019 年 2 月 28 日 0.018309 2.22% 每月 2019 年 1 月 31 日 0.017830 2.23% 每月 2018 年 12 月 28 日 0.017960 2.40% 每月 2018 年 11 月 30 日 0.030865 3.79% 每月 2018 年 10 月 31 日 0.029334 3.61% 每月 2018 年 9 月 28 日 0.032755 3.73% 每月 2018 年 8 月 29 日 0.033086 3.78% 每月 2018 年 7 月 26 日 0.022243 2.56% 每月 2018 年 6 月 29 日 0.021676 2.57% 每月 2018 年 5 月 25 日 0.022158 2.58% 每月 2018 年 4 月 27 日 0.021036 2.45% 每月 2018 年 3 月 28 日 0.023103 2.73% 每月 2019 年 2 月 28 日 0.024746 2.93% 每月 2019 年 1 月 31 日 0.023680 2.89% 每月 2018 年 12 月 28 日 0.023890 3.12% 每月 2018 年 11 月 30 日 0.035328 4.24% 每月 2018 年 10 月 31 日 0.035503 4.29% 每月 2018 年 9 月 28 日 0.035501 3.97% 每月 2018 年 8 月 29 日 0.035843 4.02% 每月 2018 年 7 月 26 日 0.024008 2.71% 每月 2018 年 6 月 29 日 0.024311 2.83% 每月 2018 年 5 月 25 日 0.023958 2.74% 每月 2018 年 4 月 27 日 0.023996 2.74% 每月 2018 年 3 月 28 日 0.023687 2.75% 每月 2019 年 2 月 28 日 0.025050 2.93% 每月 2019 年 1 月 31 日 0.023910 2.88% 每月 2018 年 12 月 28 日 0.024110 3.11% 每月 2018 年 11 月 30 日 0.035730 4.25% 每月 2018 年 10 月 31 日 0.035840 4.28% 每月 2018 年 9 月 28 日 0.035947 3.98% 每月 2018 年 8 月 29 日 0.036284 4.02% 每月 2018 年 7 月 26 日 0.024301 2.71% 每月 2018 年 6 月 29 日 0.024602 2.83% 每月 2018 年 5 月 25 日 0.024258 2.74% 每月 2018 年 4 月 27 日 0.024296 2.74% 每月 2018 年 3 月 28 日 0.023913 2.74% 每月 2019 年 2 月 28 日 0.017540 2.13% 每月 2019 年 1 月 31 日 0.013710 1.72% 每月 2018 年 12 月 28 日 0.016150 2.16% 每月 2018 年 11 月 30 日 0.028918 3.56% 每月 2018 年 10 月 31 日 0.026793 3.31% 每月 2018 年 9 月 28 日 0.029689 3.40% 每月 2018 年 8 月 29 日 0.029979 3.44% 每月 2018 年 7 月 26 日 0.017459 2.02% 每月 2018 年 6 月 29 日 0.017416 2.07% 每月 2018 年 5 月 25 日 0.016952 1.98% 每月 2018 年 4 月 27 日 0.016541 1.93% 每月 2018 年 3 月 28 日 0.018459 2.19% 每月 2019 年 2 月 28 日 0.001523 0.18%
滙豐環球投資基金 - 環球股票專注波幅 補充資料 2019 年 2 月 28 日 股份類別基本貨幣派息頻率除息日每股股息 AM3OSGD AM3OSGD 歐元歐元歐元歐元歐元歐元歐元離岸人民幣離岸人民幣離岸人民幣離岸人民幣離岸人民幣離岸人民幣離岸人民幣離岸人民幣離岸人民幣離岸人民幣離岸人民幣離岸人民幣新加坡元新加坡元 年化股息率 ( 派息不獲保證及可從股本中分派 ) 每月 2018 年 11 月 30 日 0.012334 1.51% 每月 2018 年 10 月 31 日 0.008044 0.99% 每月 2018 年 9 月 28 日 0.014163 1.62% 每月 2018 年 8 月 29 日 0.012118 1.39% 每月 2018 年 6 月 29 日 0.002378 0.28% 每月 2018 年 5 月 25 日 0.000246 0.03% 每月 2018 年 3 月 28 日 0.003020 0.36% 每月 2019 年 2 月 28 日 0.023633 2.83% 每月 2019 年 1 月 31 日 0.020823 2.57% 每月 2018 年 12 月 28 日 0.033615 4.44% 每月 2018 年 11 月 30 日 0.044763 5.43% 每月 2018 年 10 月 31 日 0.054174 6.61% 每月 2018 年 9 月 28 日 0.039135 4.41% 每月 2018 年 8 月 29 日 0.038657 4.37% 每月 2018 年 7 月 26 日 0.037116 4.23% 每月 2018 年 6 月 29 日 0.037724 4.43% 每月 2018 年 5 月 25 日 0.039065 4.51% 每月 2018 年 4 月 27 日 0.035115 4.05% 每月 2018 年 3 月 28 日 0.040806 4.78% 每月 2019 年 2 月 28 日 0.018320 2.20% 每月 2019 年 1 月 31 日 0.016510 2.04% 每月 2018 年 12 月 28 日 0.017720 2.34% 每月 2018 年 11 月 30 日 0.027839 3.38% 每月 2018 年 10 月 31 日 0.028788 3.52% 每月 2018 年 9 月 28 日 0.029830 3.37% 每月 2018 年 8 月 29 日 0.028551 3.24% 每月 2018 年 7 月 26 日 0.016413 1.88% 每月 2018 年 6 月 29 日 0.017492 2.06% 每月 2018 年 5 月 25 日 0.016363 1.89% 每月 2018 年 4 月 27 日 0.016436 1.90% 每月 2018 年 3 月 28 日 0.017203 2.02% 以上表格只提供過去 12 個月內最近的股息資料 派息不獲保證及可從股本中分派, 導致資本侵蝕以及資產淨值的減少 正股息派發不代表正 回報 過去的支付收益率和付款不代表未來的支付收益率和付款 歷史付款可以包括分配的收入和資本 年化股息率的計算方法 :( 股息 除息日的基金每股淨值價格 )x n n 視乎派息頻率 每年派息為 1; 每半年派息為 2; 每季派息為 4; 每月派息為 12 年化股息率乃基於在有關日期的股息並將股息再作投資計算, 可能高於或低過實際全年派息率
PRODUCT KEY FACTS 產品資料概要 HSBC Global Investment Funds Global Equity Volatility Focused 滙豐環球投資基金 環球股票專注波幅 March 2019 2019 年 3 月 This statement provides you with key information about the HSBC Global Investment Funds Global Equity Volatility Focused 本概要提供有關滙豐環球投資基金 - 環球股票專注波幅的重要資料 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 (UK) Limited (Internal delegation, UK / 內部委託, 英國 ) Custodian 保管人 HSBC France, Luxembourg Branch Ongoing charges over a year Class AC / AC 類 1.86%^ 全年經常性開支比率 Class / 類 1.86%^ Class / 類 1.86%^ Class ACO / ACO 類 1.90%^ Class ACOEUR / ACOEUR 類 1.89%^ Class ACOSGD / ACOSGD 類 1.90%^ Class / 類 1.91%^ Class AM3O / AM3O 類 1.92%^ Class / 類 1.92%^ Class AM3OSGD / AM3OSGD 類 1.92%^ Class / 類 1.92%^ Dealing frequency 進行交易 Daily on every dealing day / 每一個交易日 Base currency 基本貨幣 / 美元 Dividend policy 股息政策 Class AC / ACO / ACOEUR / ACOSGD - No dividends will be declared or paid; Class / / / AM3O / / AM3OSGD / The Board of Directors aim to declare dividends monthly on a discretionary basis, and if declared, dividends will be paid monthly. Dividends may be paid out of the capital or effectively out of capital # of the relevant Class. Payment of dividends out of capital or effectively out of capital will result in an immediate reduction of the net asset value of the relevant Class. AC / ACO / ACHOEUR / ACOSGD 類 - 將不宣佈或派發股息; / / / AM3O / / AM3OSGD / 類 董事會旨在按酌情基準每月宣佈股息, 如宣佈, 將會每月派發股息 股息可從相關類別的資本中或實際上從相關類別的資本 # 中支付 從資本中或實際上從資本中支付股息, 將導致相關類別的資產淨值即時減少 Financial year end 財政年度終結日 31 March / 3 月 31 日 Minimum investment (initial and subsequent) 最低認購額 ( 首次及其後 ) Class A - US$1,000 or HK$10,000 or 1,500 or EUR850 or SGD1,250 or 1,000 or RMB10,000 A 類 - 1,000 美元或 10,000 港元或 1,500 澳元或 850 歐元或 1,250 新加坡元或 1,000 加元或 10,000 人民幣 # The Board of Directors may at its discretion pay dividend out of gross income while charging / paying all or part of the Fund s fees and expenses to / out of the capital of the Fund (resulting in an increase in distributable income for the payment of dividends by the Fund), and thereby effectively pay distributions out of capital of the Fund. ^ 董事會可酌情決定從總收入撥付股息, 同時從本基金的資本中扣除 / 支付本基金的全部或部分費用及支出 ( 導致可供本基金支付股息的可分派收入增加 ), 因此實際上從本基金的資本中支付股息 This figure is an annualized figure based on the expenses for the interim period ended 30 September 2017. This figure may vary from year to year. 此數字乃根據截至 2017 年 9 月 30 日止中期開支計算的年率化數字 此數字每年均可能有所變動
What is this product? 本基金是甚麼產品? This is a sub-fund (the Fund ) of an umbrella fund, HSBC Global Investment Funds, 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 滙豐環球投資基金乃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 Objectives and Investment Strategy 目標及投資策略 Investment Objectives and Strategy 投資目標及策略 : The Fund aims to provide long term total return by investing in a portfolio of equities worldwide. 本基金旨在透過投資於全球股票組合, 提供長期總回報 The 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 Fund may also invest in eligible closed-ended Real Estate Investment Trusts ( REITs ). 本基金於正常市況下將其至少 90% 的淨資產投資於在經合組織國家等已發展市場及新興市場註冊或經營的公司的股票及等同股票的證券 本基金亦可投資於合資格封閉式房地產投資信託基金 ( REITs ) The Fund aims for lower portfolio volatility relative to that of the MSCI All Country World Index through portfolio construction. The 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 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. 本基金旨在透過投資組合的構建降低投資組合相對摩根士丹利所有國家世界指數 (MSCI All Country World Index) 的波動性 本基金運用投資組合優化, 以降低整體投資組合的波動性, 方法是透過挑選相互關聯性較少的較低波動性股票及較高波動性股票之組合, 從而分散投資組合 作為其投資組合優化過程的一部分, 本基金可依賴市場研究及定量分析, 以評估個別股票的波動性及股票相互關聯性 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 Fund may directly invest in China A-shares through the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect, subject to applicable quota limitations. Furthermore, the 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. 於中國股票的投資包括但不限於在中華人民共和國 ( 中國 ) 的證券交易所上市的中國 A 股及中國 B 股 ( 及可能供認購的其他證券 ) 本基金可透過滬港股票市場交易互聯互通機制及 / 或深港股票市場交易互聯互通機制直接投資於中國 A 股, 惟須受適用額度限制所規限 此外, 本基金可透過中國 A 股連接產品 ( 中國 A 股連接產品, 例如但不限於與中國 A 股掛鈎的參與票據 ) 間接投資於中國 A 股 The Fund may invest up to 10% of its net assets in China A-shares through the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect and up to 10% of its net assets in CAAPs. The Fund's maximum exposure to China A-shares (through the Shanghai-Hong Kong Stock Connect, the Shenzhen-Hong Kong Stock Connect or CAAP) and China B-shares is 20% of its net assets. The Fund will not invest more than 10% of its net assets in CAAPs issued by any single issuer of CAAPs. 本基金可將其最多 10% 的淨資產透過滬港股票市場交易互聯互通機制及 / 或深港股票市場交易互聯互通機制投資於中國 A 股, 及將其最多 10% 的淨資產投資於中國 A 股連接產品 本基金對中國 A 股 ( 透過滬港股票市場交易互聯互通機制 深港股票市場交易互聯互通機制或中國 A 股連接產品 ) 及中國 B 股的最大投資參與為其淨資產的 20% 本基金不會將其超過 10% 的淨資產投資於由中國 A 股連接產品任何單一發行人發行的中國 A 股連接產品 The Fund normally invests across a range of market capitalisations without any capitalisation restriction. 本基金通常投資於不同市值的公司, 沒有任何市值限制 The Fund will not invest more than 10% of its net assets in a combination of participation notes and convertibles. 本基金不會將其淨資產多於 10% 投資於參與票據及可轉換證券的組合 The 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. 本基金不會將其多於 10% 的淨資產投資於由任何信貸評級低於投資級別的單一主權發行人發行或擔保的證券 The Fund will not invest more than 10% of its net assets in REITs. 本基金不會將其淨資產多於 10% 投資於 REITs The 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). 本基金可將其最多 10% 的淨資產投資於 UCITS 及 / 或其他合資格 UCIs ( 包括滙豐環球投資基金的其他附屬基金 ) 的單位或股份 The Fund may use financial derivative instruments for hedging and cash flow management (for example, Equitisation). However, the Fund will not use financial derivative instruments extensively for investment purposes. The financial derivative instruments the 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 Fund may invest. 本基金可使用金融衍生工具作對沖及現金流管理 ( 例如股權化 ) 用途 然而, 本基金不會廣泛使用金融衍生工具作投資用途 本基金獲准使用的金融衍生工具包括但不限於期貨及外匯遠期 ( 包括非可交付遠期 ) 金融衍生工具亦可嵌入於本基金可投資的其他工具 2
What are the Key Risks? 本基金有哪些主要風險? Investments involve risks. Please refer to the offering document for details including risk factors. 投資附帶風險 請參閱銷售文件以便獲取其他資料, 包括風險因素 Investment risk 投資風險 The Fund is an investment fund. There is no guarantee of the repayment of principal. 本基金為投資基金, 並不保證償付投資本金 The Fund s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. 本基金的投資組合價值可能因下列任何主要風險因素而下跌, 而閣下在本基金的投資亦可能蒙受虧損 Equity risk 股票風險 The Fund s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors. 本基金投資於股票證券, 須承受一般市場風險, 其價值可能因受到不同因素 ( 例如投資氣氛 政治及經濟狀況之改變及發行人相關風險因素 ) 的影響而波動 Risk in connection with the investment strategy 有關投資策略的風險 There is no guarantee that the Fund s investment objective and strategy (i.e. to lower portfolio volatility) can be achieved under all circumstances and market conditions. 並不保證本基金在所有情況及市況下均可達致其投資目標及策略 ( 即降低投資組合的波動性 ) There is a possibility that portfolio optimisation may not be achieved and the Fund s value may be adversely affected. 可能未必達致投資組合優化, 而本基金的價值可能受到不利影響 Emerging markets risk 新興市場風險 The Fund may invest in emerging market countries. Exposure to emerging markets involves a greater risk of loss than exposure to more developed markets due to, among other factors, greater political, tax, economic, foreign exchange, liquidity, settlement, custodial, market volatility (such as interest rate and price volatility), legal and regulatory risks, therefore your investment in the Fund may suffer losses. 本基金可能投資於新興市場國家 相對投資於較成熟市場, 投資於新興市場須承受較高損失風險, 由於 ( 包括其他因素 ) 較高的政治 稅務 經濟 外匯 流動性 結算 託管 市場波動 法律 ( 如利率及價格波動 ) 及監管風險, 故閣下在本基金的投資可能蒙受虧損 Risk associated with small-capitalisation / mid-capitalisation companies 與中小型公司相關的風險 The shares of small-capitalisation/ mid-capitalisation companies may have lower liquidity and their prices are generally more volatile, especially during adverse economic developments, than those of larger capitalisation companies in general. 一般而言, 相比較大型公司, 中小型公司的股份流動性可能較低, 而其價格一般較為波動, 當經濟出現不利發展時尤其更甚 Derivative instrument risk 衍生工具風險 Risks associated with financial derivative instruments include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-the-counter transaction risk. The leverage element/component of a financial derivative instrument can result in a loss significantly greater than the amount invested in the financial derivative instrument by the Fund. Exposure to financial derivatives instruments may lead to a high risk of significant loss by the Fund. 與金融衍生工具相關的風險包括對手方 / 信貸風險 流動性風險 估值風險 波動性風險及場外交易風險 金融衍生工具包含的槓桿元素 / 部分或會導致產生大為高於本基金投資於金融衍生工具的金額之損失 投資於金融衍生工具可能導致本基金承受產生重大虧損的高風險 Risks relating to hedging and the currency hedged share classes 有關對沖及貨幣對沖股份類別的風險 A currency hedged share class seeks to minimise the effect of currency fluctuations between the reference currency of the share class and the base currency of the relevant sub-fund. Movements in currency exchange rates can materially impact investment returns and investors should ensure they fully understand the difference between investment in currency hedged share classes versus investment in those share classes which are unhedged. 貨幣對沖股份類別旨在盡量減少股份類別的參考貨幣與相關附屬基金的基本貨幣之間的匯率波動影響 貨幣匯率的變動可對投資回報產生重大影響, 而投資者應確保彼等完全了解投資於貨幣對沖股份類別與投資於該等不進行貨幣對沖的股份類別之間的差異 Currency hedged share classes are not recommended for investors whose home currency (which refers to the main currency an investor uses on a day-to-day basis) is different to the class currency of the currency hedged share class. Investors who choose to convert their home currency to the reference currency of a currency hedged share class and subsequently invest in such a share class should be aware that they may be exposed to higher currency risks and may suffer material losses as a result of exchange rate fluctuations between the reference currency of the currency hedged share class and their home currency. 不建議其本國貨幣 ( 指投資者日常使用的主要貨幣 ) 有別於貨幣對沖股份類別的類別貨幣之投資者投資於貨幣對沖股份類別 如投資者選擇將其本國貨幣兌換為貨幣對沖股份類別的參考貨幣, 隨後投資於貨幣對沖股份類別, 則投資者應知悉, 彼等或會因貨幣對沖股份類別的參考貨幣與本國貨幣之間匯率波動而承受更高的貨幣風險及可能蒙受重大損失 There can be no assurance or guarantee that the Administration Agent or other appointed parties will be able to successfully implement passive currency hedging for currency hedged share classes at any time or at all. 概不保證或擔保行政代理或其他指定方將能夠隨時或一直成功地就貨幣對沖股份類別實施被動式貨幣對沖 3
Currency conversion risk for RMB denominated Classes 人民幣計價類別的匯兌風險 RMB is currently not freely convertible and is subject to exchange controls and restrictions. The Fund offers RMB denominated share classes. Subscriptions and redemptions for the Fund may involve conversion of currency. Currency conversion will be conducted at the applicable exchange rate and subject to the applicable spread. 人民幣現時不可自由兌換, 並須受外匯管制及限制之規限 本基金提供人民幣計價的股份類別 認購及贖回本基金可能涉及貨幣兌換 貨幣兌換將按適用的匯率及在適用的差價規限下進行 Non-RMB based investors are exposed to foreign exchange risk and there is no guarantee that the value of RMB against the investors home currency will not depreciate. Any depreciation of RMB could adversely affect the value of investors investment in the RMB denominated share classes. 非以人民幣為基礎的投資者須承受外匯風險, 且概不保證人民幣相對投資者的本國貨幣之價值不會貶值 人民幣出現任何貶值可能對投資者於人民幣計價的股份類別的投資價值造成不利影響 As RMB is not freely convertible and is subject to exchange controls and restrictions, currency conversion is subject to availability of RMB at the relevant time. The Fund s payment of redemption proceeds or dividends may be delayed in the event that there is insufficient RMB available to it. 由於人民幣不可自由兌換及受到匯兌管制及限制, 匯兌受到相關時間人民幣的可得性規限 倘若無法獲得充足的人民幣, 本基金可能延遲支付贖回款項或股息 The RMB is traded in both the onshore and offshore markets. While both onshore RMB ( CNY ) and offshore RMB ( ) represent the same currency, they are traded in different and separate markets which operate independently. Therefore, CNY and do not necessarily have the same exchange rate and their movement may not be in the same direction. When converting the base currency of the Fund to RMB for the purposes of calculating the net asset value of a share class with a RMB reference currency, the fund manager will apply the rate. Any divergence between and CNY may adversely impact investors. 人民幣在境內在岸市場及離岸市場交易 儘管境內在岸人民幣 ( CNY ) 與離岸人民幣 ( ) 是相同貨幣, 兩者在不同及獨立的市場交易, 兩個市場獨立運作 因此,CNY 與 的匯率未必相同, 其走向未必一致 當為了以人民幣參考貨幣計算股份類別資產淨值而將本基金的基本貨幣兌換為人民幣時, 基金經理將採用 的匯率 與 CNY 之間的任何分歧可能會對投資者造成不利影響 Foreign exchange risk 外滙風險 Because the Fund s assets and liabilities and classes of shares may be denominated in currencies different from the base currency, the Fund may be affected favourably or unfavourably by exchange control regulations or changes in the exchange rates between the base currency and other currencies. If the currency in which a security is denominated appreciates against the base currency, the value of the security will increase. Conversely, a decline in the exchange rate of the currency would adversely affect the value of the security and under such circumstances the Fund s value may be adversely affected. 由於本基金的資產與負債及股份類別可按有別於基本貨幣的貨幣計值, 故此, 外匯管制規例或該基本貨幣兌其他貨幣的匯率變動可能對本基金構成有利或不利的影響 若某證券的計值貨幣兌基本貨幣時升值, 該證券的價值將會上升 反之, 該貨幣匯率下跌則會不利地影響該證券的價值, 在該情況下, 本基金的價值可能受到不利影響 Risks associated with distribution out of capital 與從資本中作出分派相關的風險 For certain Classes of Shares, the Board of Directors may determine if, and to what extent, dividends may be paid out of capital or effectively out of capital where the income / capital gain generated by the Fund is insufficient to pay a distribution as declared by the Fund. If there is a change to this policy, prior approval will be sought from the SFC and affected investors will receive at least one month s prior written notification. 就若干股份類別而言, 董事會可在本基金所產生的收益 / 資本收益不足以支付本基金所宣佈的分派時決定從資本中或實際上從資本中撥付股息, 以及有關撥付金額 倘若此項政策有更改, 將會事先尋求證監會的批准, 而受影響的投資者將會收到最少一個月的事先書面通知 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. Any distributions involving payment of dividends out of the Fund s capital or effectively out of the Fund s capital will result in an immediate reduction in the Net Asset Value per Share of the Fund. 投資者應注意, 從資本中或實際上從資本中撥付股息即代表投資者從當初投資基金之款項中獲付還或提取部分金額或從原本投資應佔的任何資本收益中獲付還或提取金額 涉及從本基金的資本中或實際上從本基金的資本中撥付股息的任何分派, 將導致本基金的每股資產淨值即時減少 The distribution amount and the net asset value of the currency hedged share classes may be adversely affected by differences in the interest rates of the class currency of the currency hedged share classes and the Fund s base currency, resulting in an increase in the amount of distribution that is paid out of capital and hence a greater erosion of capital than other non-hedged classes. 貨幣對沖股份類別的分派金額及資產淨值可能受到貨幣對沖股份類別的類別貨幣與本基金的基本貨幣之間的利率差異的不利影響, 導致從資本撥付的分派金額增加, 故相比其他非對沖股份類別會出現較大的資本蠶蝕 4
How has the Fund performed? 本基金過往的業績表現如何? 30.0 HSBC Global Investment Funds - Global Equity Volatility Focused () 滙豐環球投資基金 環球股票專注波幅 () 25.0 24.0 20.0 16.6 15.0 % 10.0 7.9 5.0 3.9 0.0-5.0-10.0-6.3 2013 2014 2015 2016 2017 Fund 基金 Benchmark 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 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 MSCI AC World Net 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 年起正式採用摩根士丹利所有國家世界淨回報指數 (MSCI AC World Net) 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: 26/06/2014 基金成立日期 :26/06/2014 Class launch date: 26/06/2014 類成立日期 :26/06/2014 Class is a share class open for investment by Hong Kong retail investors and denominated in the Fund s base currency. 類乃開放予香港零售投資者投資及以本基金的基本貨幣計價的股份類別 Is there any guarantee? 本基金有否提供保證? This Fund does not have any guarantees. You may not get back the full amount of money you invest. 本基金並不提供任何保證 閣下未必能全數取回投資本金 5
What are the fees and charges? 本基金涉及哪些費用? Charges which may be payable by you 認購本基金時閣下或須支付的費用 You may have to pay the following fees when you purchase the Fund. 閣下購買本基金時可能須要支付以下費用 Fees 費用 What you pay 您須支付 Subscription fee (initial sales charge) Up to 4.50% of the total subscription amount* 最高達認購總額的 4.50%* 認購費 ( 首次銷售費 ) Switching fee 轉換費 Up to 1% of the Switch-Out proceeds* 最高達轉出所得款項的 1%* Redemption fee 贖回費 Nil* 無 * Ongoing fees payable by the Fund 本基金持續繳付的費用 The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. 以下收費將從本基金總值中扣除, 閣下的投資回報將會因而減少 Fees 費用 Annual rate (as a % of the NAV of the Fund) 年率 ( 本基金資產淨值之 %) Management fee 管理費 1.50% Custodian fee 保管費 Not applicable included in Administrative fee 不適用, 已包括在行政費內 Administrative fee 行政費 0.35% # Performance fee 表現費 Not applicable 不適用 * You may need to bear additional costs under certain situations in order to mitigate any adverse impacts to the Fund caused by the transactions. Please refer to the section headed Prices and Publication in the offering document for further details. 為減輕交易可能對本基金造成的不利影響, 閣下可能須在某些情況下承擔額外費用 進一步詳情請參閱銷售文件中 價格及報價 一節 # The fees and charges may also be increased up to maximum level as specified in the offering document by giving at least one month s prior notice to investors. Please refer to the offering document for further details. This amount does not include the fees of the Administration Agent or other appointed parties relating to the execution of the currency hedging policy, which will be borne by the relevant currency hedged share class. Where the Administration Agent or other appointed parties takes these fees, the rate for fees relating to the execution of the currency hedging policy is 0.055% per annum of the net asset value of the currency hedged share class. 費用可增至銷售文件所定的最高水平, 但須予最少 1 個月預先通知投資者 進一步詳情請參閱銷售文件 此金額並不包括行政代理或其他指定方有關執行貨幣對沖政策的費用, 該費用將由有關貨幣對沖股份類別承擔 若行政代理或其他指定方收取該等費用, 執行貨幣對沖政策所收取的費用年率為貨幣對沖股份類別資產淨值的 0.055% Other fees 其他收費 You may have to pay other fees and charges when dealing in the Fund. 閣下買賣本基金時可能須要支付其他費用 Additional information 其他資料 You generally buy and redeem shares at the Fund s next-determined subscription price and redemption price with reference to the Net Asset Value (NAV) after the intermediaries receive your request in good order on or before 4:00pm (HK Time), being the dealing cut-off time. 一般而言, 閣下認購及贖回本基金股份的價格, 是在中介人於香港時間下午 4 時或之前 ( 即交易截止時間 ) 收到閣下的完整指示後, 參照本基金資產淨值而釐定的下一個認購價及贖回價 Intermediaries who sell the Fund may impose earlier cut-off times for receiving instructions for subscriptions, redemptions or switching. Investors should pay attention to the arrangements of the intermediary concerned. 銷售本基金的中介人可能就接受認購 贖回或轉換指示實施較早的截止時間 投資者須注意有關中介人的安排 Investors may obtain the past performance information of other share classes offered to Hong Kong investors at www.assetmanagement.hsbc.com/hk (the website has not been reviewed by the SFC). 投資者可瀏覽 www.assetmanagement.hsbc.com/hk( 網頁並未經證監會批閱 ) 以取得向香港投資者發售的其他股份類別的往績表現資料 Investors may obtain information on the intermediaries online at www.assetmanagement.hsbc.com/hk (the website has not been reviewed by the SFC). 投資者可瀏覽 www.assetmanagement.hsbc.com/hk( 網頁並未經證監會批閱 ) 以獲取中介人的資料 The net asset value of the Fund is calculated and the price of the Fund is published on each dealing day. The Fund prices are available online at www.assetmanagement.hsbc.com/hk. 本基金的資產淨值及價格均於每個交易日計算及刊登 本基金價格刊登於 www.assetmanagement.hsbc.com/hk The composition of the latest dividends (i.e. the relative amounts paid out of (i) net distributable income and (ii) capital) (if any) for the last 12 months is available from the Hong Kong Representative on request and on the website www.assetmanagement.hsbc.com/hk. 過去 12 個月的最近期股息之構成 ( 即有關從 (i) 可供分派淨收入及 (ii) 資本撥付的款項 )( 如有 ) 資料可向香港代表索取, 並載於網站 www.assetmanagement.hsbc.com/hk Important 重要資料 If you are in doubt, you should seek professional advice. 閣下如有疑問, 請應諮詢專業意見 The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 證監會對本概要的內容並不承擔任何責任, 對其準確性或完整性亦不作出任何陳述 Issued by HSBC Global Asset Management (Hong Kong) Limited 由滙豐環球投資管理 ( 香港 ) 有限公司刊發 6