your selection simplified - hsbc...your selection simplified for professional clients only july 2012...
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The HSBC Global Investment Funds MenuYour Selection Simplified
For professional clients only
July 2012
www.globalfunds.hsbc.com
This Fund Menu provides an overview of HSBC Global Investment Funds and should be read in conjunction with the HBSC Global Investment funds brochure and relevant Key Investor Information Document.
Looking for interesting funds?You’ve come to the right place
We can call upon specialist management groups based in the major financial centres around the world, with a particularly strong presence in Asia and emerging markets. We also have a wealth of expertise across western financial markets and below are details of our fund range together with their key characteristics. There are over 50 funds in the Global Investment Funds range. These consist of global, regional and single country funds across asset classes including equities, bonds, money markets and specialist investments.
Here is our fund menu to help you choose.
Equities 3 Bonds 12 Money Markets 17 Specialist 19
u Global 4 u Global 13
u Regional 5 u Regional 14
u Single Country 8 u Single Country 16
4
Equities
HSBC GIF Climate Change u The fund invests in a portfolio of global companies, across all sectors, that are market-
leaders in managing their businesses in the face of climate change to maintain or
enhance their competitive advantage
u It aims for long term capital growth through selecting around 40-50 stocks from the
MSCI All Country World Index using a bottom up active fundamental approach
u This is a truly global, broad based and convenient investment solution for
investors seeking to participate in one of the biggest investment themes for the
foreseeable future
HSBC GIF Emerging Wealth u The fund will invest across the spectrum of emerging equity markets and developed
equity markets selecting 40 to 60 stocks
u The fund will capitalize on the expected secular rise of domestic consumption in
emerging markets through bottom up stock selection of those related companies
believed to best capture the rise of consumer growth in emerging markets
u The fund will invest in companies both in emerging markets that cater to the emerging
consumer and companies within the developed world that have expanded or are
diversifying into emerging market
HSBC GIF Global Equity u The team focus on investing in what they consider to be the most attractive
companies globally
u The fund is managed using an active quantitative approach which focuses on expert
stock selection within global sectors
u Decisions are taken by a focused team of experienced individuals who invest on the
basis of the research insights generated by local investment teams worldwide
HSBC GIF China Consumer Opportunitiesu The Fund invests for long-term total return in a diversified portfolio of investments
in equity and equity equivalent securities of mid to large cap companies around
the world, positioned to benefit from the burgeoning millionaire and middle class
population and the changing consumer behavior in China.
u The investment universe mainly comprises of global companies with growing
revenues in the luxury sector as well as consumer discretionary and staples sectors
that have appeal and recognition by Chinese consumers. (The fund will invest in
the consumer discretionary and consumer staples sector which includes, but is not
limited to automobiles & components, consumer durables & apparel, consumer
services, media, retailing, food & staples retailing, food, beverage & tobacco,
household & personal products industries. )
u Decisions are taken by an experienced team of stock pickers using in-depth company
knowledge to choose companies at an attractive price in the context of expected
growth prospects and profitability.
Global Equity Funds
5
Equities
HSBC GIF Asia ex Japan Equity u The fund offers investors access to the potentially exciting long term investment
opportunities that exist within Asian ex Japan stock markets. This fund is also
available in a Euro hedged share class fund
u Stock selection among larger and better established Asian companies forms the basis
of this well-diversified portfolio
u It is managed through a process employing fundamental research and
quantitative techniques and is implemented by one of the largest Asian equity
teams available globally
HSBC GIF Asia ex Japan Equity Smaller Companies u The fund offers investors access to the potentially exciting long term investment
opportunities associated with exposure to Asian smaller companies across a wide
variety of sectors
u Stock selection focuses on unearthing growth opportunities in the less well-
researched areas of the Asian smaller company universe
u The fund is managed through a process employing fundamental research and
quantitative techniques with investment ideas prioritised and implemented by one of
the largest Asian equity teams available globally
HSBC GIF Asia Pacific ex Japan Equity High Dividend u The fund offers investors diversified exposure to Asian ex Japan securities which the
manager believes offer attractive dividend yield and dividend growth potential
u Stock selection among large Asian companies which the manager believes are more
likely to provide resilience in adverse market conditions forms the basis of this well-
diversified portfolio
u Managed through a process employing qualitative fundamental research and
quantitative techniques implemented by one of the largest Asian equity teams
available globally
HSBC GIF BRIC Equity u The fund offers investors access to the potentially exciting long term investment
opportunities that exist within Brazil, Russia, India and China ‘BRIC’ stock markets
u The team utilises a well proven investment process with in-depth stock analysis
combining quantitative and qualitative inputs
u It is managed on an active fundamental basis by a small group of decision makers
who are backed by over 200 emerging markets investment professionals located in
14 counties
Regional Equity Funds
6
Equities
HSBC GIF BRIC Markets Equity u The fund offers investors access to the potentially exciting long term investment
opportunities that exist within Brazil, Russia, India and China ‘BRIC’ stock markets
u The manager targets excess returns by concentrating on three uncorrelated
performance sources; exposure management, country allocation and active
quantitative stock selection
u As an active quantitative ‘BRIC’ equity investment this fund represents an
original and innovative investment solution to diversify the investment approaches
within a portfolio
HSBC GIF CIVETSu The fund is actively managed and well positioned to take advantage of the potentially
strong recovery and attractive valuations within the CIVETS markets - Colombia,
Indonesia, Vietnam, Egypt, Turkey and South Africa
u The fund utilises a fundamentally driven, bottom up process to build a diversified
portfolio of 40-60 attractively valued companies
u The HSBC GIF CIVETS fund offers an alternative to core GEM products and provides
dedicated exposure to these markets
HSBC GIF Euroland Equity u A fund which invests in Euro-zone equities in a way which we believe offers investors
an original investment approach
u A rigorous and proprietary investment process based on fundamental research
conducted by an experienced team
u A bottom-up approach through a rigorous stock selection process based on company
knowledge and analysis
HSBC GIF Euroland Equity Smaller Companiesu An active fundamental equity fund which provides exposure to an exciting area of the
stock market
u Managed by an experienced team of stock pickers using in-depth company
knowledge seek to invest in companies at an attractive price in the context of
expected growth prospects and profitability
u The team uses a bottom-up approach within a disciplined, yet flexible,
investment strategy
HSBC GIF Euroland Growth u A relatively concentrated portfolio which is managed on an active fundamental basis
by an experienced team
u A rigorous stock selection process designed to identify companies generating
‘profitable growth’. Essentially this means aiming to invest in companies with a
growing capital base and consistently high profitability
u The fund aims to capture the potential growth in Euroland equities by investing within
a rigorously applied risk management framework
Regional Equity Funds
7
Equities
HSBC GIF European Equity u The fund is designed as a core regional holding investing predominantly in large and
medium sized companies and with no targeted bias towards growth or value styles
u It is managed according to a rigorous and proprietary investment process based on
fundamental research conducted by an experienced team
u The process aims to exploit market inefficiencies and identify
investment opportunities
HSBC GIF Frontier Marketsu The investment universe consists of companies based or listed in frontier markets.
Our definition of frontier markets includes countries part of the MSCI Frontier
Emerging Markets index and other countries that share ‘frontier’ characteristics (for
example, Ghana, and Saudi Arabia, etc)
u The team implements a bottom up process focused on a rigorous stock analysis
process combining quantitative and qualitative inputs and constructs the portfolio by
implementing the individual stock ideas, with approximately 70-90 stock positions
typically held
u The screening identifies stocks with a market cap above USD100 million with
sufficient liquidity. The universe screening reduces the number of stocks from
approximately 3,000 to 500 stocks
HSBC GIF Global Emerging Markets Equity u The Fund is designed as a core regional holding for those seeking exposure to the
potentially exciting long term performance offered by global emerging markets
u The process aims to exploit market inefficiencies and identify sectors and stocks that
could outperform: valuation lies at the heart of the process
u The portfolio is managed on an active fundamental basis by a small group of decision
makers who are backed by over 200 emerging markets investment professionals
located in 14 counties
HSBC GIF Latin American Equity u The fund is designed for investors seeking to achieve exposure to potentially fast-
growing Latin American stock markets
u The team is not concerned with short-term returns or momentum themes, but instead
looks to identify companies that offer compelling valuations and that have solid and
sustainable long-term prospects
u The manager invests on an active fundamental basis with decisions made by a
small group of key individuals backed by over 200 emerging markets investment
professionals located in 14 countries
Regional Equity Funds
8
Equities
HSBC GIF Brazil Equityu The fund offers investors access to the potentially exciting long term investment
opportunities in Brazil, one of the world’s largest Emerging stock markets
u It is managed on an active fundamental basis by a small group of decision makers
who are backed by over 200 emerging markets investment professionals located in
18 counties
u The fund aims to capture potential growth in Brazilian equities by investing within a
rigorously applied risk management framework
HSBC GIF Chinese Equity u The fund offers investors access to the worlds fastest growing economy through a
well-diversified portfolio of Chinese shares
u The portfolio, which currently ranks among the largest Chinese equity funds globally,
is predominantly invested in large companies although stock selection is conducted
across a range of market capitalisations
u It is managed by a very experienced team who seeks to deliver performance through
a sophisticated valuation-driven approach coupled with disciplined risk management
HSBC GIF Hong Kong Equity u The fund offers investors access to a well-diversified portfolio of companies in
Hong Kong
u This growth-orientated portfolio is predominantly invested in large companies
u It is managed by a very experienced team who seeks to deliver performance by
combining top-down analysis with fundamental research
HSBC GIF Indian Equity u The fund offers investors access to one of the largest and fastest growing economies
in the world through a well-diversified portfolio of Indian equities
u The portfolio, which currently ranks among the largest Indian equity funds globally,
is a blend of growth and value styles with an emphasis on business cycle and
valuation checks
u It is managed by a team with over 40 years of collective experience who seek
to deliver performance through top down sector/theme selection coupled with
fundamental research
Single Country Equity Funds
9
Equities
HSBC GIF Japanese Equity u Seeking to deliver long term capital growth by focusing on around 100-120
‘blue chip’ Japanese stocks and operating within a rigorously applied risk
management framework
u An active quantitative investment style employing valuation and momentum signals to
identify and exploit valuation anomalies
u Targeting excess returns by concentrating on three uncorrelated performance
sources; dynamic sector allocation, active quantitative stock selection and
management of market exposure
HSBC GIF Korean Equity u The fund invests on a total return basis in order to generate long-term capital growth
by accessing investment opportunities in the Korean stock market
u Stock selection is intended to be the primary driver of performance within this
benchmark unconstrained portfolio
u It is managed by one of the largest Asian equity teams with an investment
process based on a sophisticated valuation-driven approach coupled with disciplined
risk management
HSBC GIF Russia Equity u The fund offers investors access to the potentially exciting long term investment
opportunities in Russia, one of the world’s largest countries
u It is a concentrated portfolio of around 20-40 predominantly ‘blue chip’ stocks
u The manager invests on an active fundamental basis with decisions made by a
small group of key individuals backed by over 200 emerging markets investment
professionals located in 14 counties
Single Country Equity Funds
10
Equities
HSBC GIF Singapore Equity u The fund offers investors access to an active fundamental high conviction portfolio of
equities listed on the Singapore stock exchange
u Stock selection among growth orientated companies and across a range of market
capitalisations seeks to drive performance in this high conviction portfolio
u It is managed by one of the largest Asian equity teams available globally according to
an investment process based on a sophisticated valuation-driven approach coupled
with disciplined risk management
HSBC GIF Taiwan Equityu A fund that aims to capture Taiwan’s long-term economic growth such as improving
cross-strait relations, as well as robust domestic consumption and infrastructure
u The fund invests in a high conviction portfolio of 35 to 45 stocks
u A disciplined and effective investment approach based on fundamental research
in Hong Kong, an experienced onshore equity research, and management team
in Taiwan
HSBC GIF Thai Equity u The fund offers investors access to an active fundamental high conviction portfolio of
equities listed on the Thailand stock exchange
u Stock selection among growth orientated companies and across a range of market
capitalisations seeks to drive performance in this high conviction portfolio
u It is managed by one of the largest Asian equity teams available globally according to
an investment process based on a sophisticated valuation-driven approach coupled
with disciplined risk management
HSBC GIF Turkey Equity u The fund offers investors access to the potentially exciting long term investment
opportunities in Turkish equities
u It aims to exploit market inefficiencies and identify sectors/stocks which the
managers’ research has identified are likely to outperform over the long-term
u The locally based management team invests on an active fundamental basis with
decisions made by a small group of key individuals backed by over 200 emerging
markets investment professionals located in 14 counties
Single Country Equity Funds
11
Equities
HSBC GIF UK Equity u The fund offers investors access to the potentially exciting long term investment
opportunities in UK equities
u It is managed on an active fundamental basis with a core approach which is
diversified and has no inherent intended emphasis on growth or value styles
u The manager is seeking to outperform through superior stock selection within the UK
equity market
HSBC GIF US Equityu Seeking to deliver long term capital growth by focusing on US equities and operating
within a rigorously applied risk management framework
u Targeting excess returns by concentrating on three uncorrelated performance
sources; dynamic sector allocation, active quantitative stock selection and
management of market exposure
u An active quantitative investment style employing valuation and momentum signals to
identify and exploit valuation anomalies
Single Country Equity Funds
Bonds
13
HSBC GIF Global Bond u This is an active fundamental bond fund which employs diversified
performance drivers and pays close attention to market signals when seeking to
deliver performance
u The manager allocates risk to four main performance sources: interest rate
management, currency exposure, sector allocation and security selection
u The experienced team is supported by global fixed income resources based in various
locations around the world
HSBC GIF Global Credit Bond u An active fundamental global credit bond fund pursuing conviction based investing
and employing multiple performance drivers
u The team uses a research-intensive process capitalising on HSBC’s worldwide
platform of global credit analysts
u A diversified fund taking full advantage of a large investment universe of global and
local issuers
HSBC GIF Global High Income Bondu This is an active fundamental bond fund investing for high income through a
diversified bond portfolio
u Income is generated through investment in USD and Euro High Yield and Investment
Grade bonds, Emerging Market debt and mortgage and asset backed securities
u The portfolio manager is supported by specialist fixed income teams based in various
locations around the world
HSBC GIF Global High Yield Bond u An active fundamental bond fund investing for high yield through a diversified
bond portfolio
u High yield is generated through investment primarily in USD or hedged into USD high
yield bonds. The fund will also have exposure to non USD currencies and asset and
mortgage backed securities
u The portfolio manager is supported by specialist fixed income teams based in various
locations around the world
HSBC GIF Global Inflation Linked Bond u The fund provides investors with an efficient inflation hedge and bond
portfolio diversification
u The portfolio is managed through a disciplined quantitative investment process
u The fund uses different performance sources including active country allocation
within a global inflation-linked bond investment universe
HSBC GIF US Dollar Bond u An active fundamental bond fund which employs a disciplined top-down/bottom-
up approach
u The manager seeks to take advantage of all sectors of the bond market and maintains
a high average credit quality within the portfolio of at least AA
u The experienced team is supported by local fixed income resources based in various
countries around the world
Global Bond Funds
Bonds
14
HSBC GIF Asian Currencies Bond u The team uses a focused and disciplined investment process to exploit investment
opportunities arising from market inefficiencies in order to deliver superior risk-
adjusted returns
u Our Asian Fixed Income investment process is disciplined and repeatable with a top-
down macro analysis combined with bottom-up credit research undertaken by our
locally based Asian Fixed Income team
u The team leverages the integrated global credit research platform of over 30
dedicated analysts with sector and geographic specialization
HSBC GIF Emerging Inflation Linked Bondu The fund invests for total return primarily in a diversified portfolio of non-Investment
grade bonds, investment grade bonds and other debt securities whose returns
are linked to an inflation factor and are issued or guaranteed by governments, and
supranational bodies of Emerging Markets
u The fund’s holdings will be primarily denominated in local currencies and, on an
ancillary basis, in EUR and USD
u The fund will also implement active currency overlay through the use of
financial derivative instruments such as forwards currency contracts and
non-deliverable forwards
HSBC GIF Euro Bond u An active fundamental bond fund pursuing conviction based investing and employing
diversified performance drivers
u Significant research and analytical capabilities and an experienced investment team
organised into specialist disciplines
u Invests in Euro-denominated issues of investment grade government, quasi-
government and corporate bonds
HSBC GIF Euro Credit Bond u An active fundamental bond fund pursuing conviction based investing and employing
diversified performance drivers
u Capitalising on our global credit resources and actively managing overall exposure
to risk
u Invests in Euro-denominated issues of investment grade corporate bonds
Regional Bond Funds
Bonds
15
HSBC GIF Euro High Yield Bond u An active fundamental bond fund investing primarily in Euro-denominated high
yield bonds
u The investment process combines issuer selection which utilizes the managers’
global credit resources with an economic overlay that seeks to optimize overall credit
positioning within the fund
u Significant research and analytical capabilities and an experienced investment team
HSBC GIF Global Emerging Markets Bond u This fund aims to capture rapid growth in emerging markets by investing in emerging
market bonds within a rigorously applied risk management framework
u It is managed by an experienced team who have been managing emerging market
debt using a focused and disciplined (yet flexible) investment process for over
two decades
u It is managed on an active fundamental basis by a small group of decision makers
who are backed by over 200 emerging markets investment professionals located in
14 counties
HSBC GIF Global Emerging Markets Corporate Debt u The portfolio management team employs a focused, disciplined, yet flexible
investment process designed to exploit rapidly developing opportunities in
emerging markets
u The team uses a bottom-up, valuation-driven, fundamental analysis, in order to select
companies which display strong and sustainable business models, good corporate
governance and attractive valuations
u Stock selection and industry selection will be the predominant driver of returns, with
country selection making a minor contribution
HSBC GIF Global Emerging Markets Debt Total Return u The fund aims to capture growth in developing economies from Asia, Africa, Latin
America, Middle East and former Soviet Union
u It is managed on a total return basis without benchmark constraints to a clear
philosophy that is based on the belief that emerging markets are improving, evolving
and inefficient
u It is managed by an experienced team who have been managing emerging market
debt using a focused and disciplined (yet flexible) investment process
Regional Bond Funds
Bonds
16
HSBC GIF Global Emerging Markets Investment Grade Bond u The fund will aim to capture rapid growth in emerging markets by investing
predominantly in emerging market sovereign and corporate investment grade rated
securities issued in hard and local currency
u The investment process is adaptable to prevailing market environment and has
evolved over time
u The team uses a bottom-up analysis for asset selection which is validated by top-
down country assessment
HSBC GIF Global Emerging Markets Local Debt u This fund is designed to exploit opportunities in local currency fixed income
beyond the bond markets of the G7 countries within a rigorously applied risk
management framework
u It is managed by an experienced team who have been successfully managing
emerging market debt using a focused and disciplined (yet flexible) investment
process for over two decades
u It is managed on an active fundamental basis by a small group of decision makers
who are backed by over 200 emerging markets investment professionals located
in 14 counties
HSBC GIF Latin American Local Debt u The fund invests for total return primarily in a diversified portfolio of investment grade
and non Investment grade rated securities denominated in local currencies issued by
governments and corporates in Latin America
u The Latin American Fixed Income investment process combines a rigorous top-down
approach with bottom-up fundamental analysis
u The process relies on a variety of inputs, the most important of which is our teams of
locally based investment professionals in more than 14 locations worldwide
HSBC GIF Brazil Bond u Invests in Non-Investment and Investment Grade fixed income and similar securities,
primarily denominated in the Brazilian Real
u Significant local presence and strong management team with extensive experience of
investing in these markets
u Provides the potential to diversify away from traditional bond markets and to
participate in the growing strength of one of the world’s largest Emerging
Market economies
HSBC GIF RMB Fixed Incomeu The sub-fund will invest mainly in offshore RMB denominated fixed income
securities and deposits and aims to capture opportunities in the growing RMB fixed
income market
u The team believes the best way to exploit the inefficiencies in the Asian markets is to
apply an active multi-strategy investment style coupled with top-down macro analysis
and bottom-up credit research
u The sub-fund will have a flexible asset allocation, allowing investors to take advantage
of new opportunities in this developing market. As the RMB market is new and
developing, the fund may at times hold a high level of cash, deposits and other short
term investments
Single Country Bond FundsRegional Bond Funds
Money Markets
18
HSBC GIF Euro Reserveu The fund aims to invest in liquid euro denominated instruments
u This fund is designed for investors with a short-to-medium term investment horizon,
offering a relatively low expectation of capital loss, with the prospect of a regular and
largely stable level of income
u The portfolio will only invest in investments which have a maximum remaining
maturity of 365 days
Money Markets
Specialist
20
HSBC GIF European Equity Absolute Return u The fund is designed as a market neutral fund holding, investing predominantly
in large and medium sized companies, for those seeking diversification and risk
characteristics offered by absolute return funds
u It is managed according to a rigorous and proprietary investment process, based on
complimentary fundamental research and quantitative methodology, conducted by an
experienced absolute return team
u The manager seeks to deliver absolute returns, over the longer term primarily through
successful stock selection and risk management
HSBC GIF Global Currency u An absolute return fund that seeks to exploit inefficiencies and imbalances in foreign
exchange markets
u An integrated process that combines a systematically driven approach with active
fundamental management
u An experienced specialist active management team leveraging its knowledge of major
and emerging currencies
HSBC GIF Global Emerging Markets Equity Absolute Return u The fund is designed as a high conviction long/short fund aiming for limited directional
net exposure and limited market correlation
u The portfolio of approximately 35 long and 35 short positions will be selected from
across MSCI Emerging and certain MSCI Frontier Markets
u The fund seeks to deliver superior long term returns with controlled volatility
HSBC GIF Global Flex Allocation u The HSBC GIF Global Flex Allocation aims to increase capital through a flexible asset
allocation with reduced capital fluctuations
u The fund’s asset allocation will depend on market conditions and the exposure of the
portfolio to fixed income securities or money market instruments will normally be at
least 50%
u We believe that asset prices are excessively volatile when compared to their
underlying fundamentals and such price fluctuations generate opportunities which
can be identified by combining thorough fundamental analysis with a rigorous
valuation framework
Specialist
Specialist
21
HSBC GIF Global Macro u The fund seeks to provide absolute returns through exposure to a range of asset
classes, including equities, bonds, cash, currency and derivatives
u The experienced specialist active management team constantly analyse eligible asset
classes to identify new opportunities and to develop existing strategies
u Active asset allocation across global markets provides the potential to tap into the
strongest performing international markets
HSBC GIF Managed Solutions - Asia Focused Incomeu The fund offers investors the opportunity to benefit from a variety of attractive
sources of income in both equities and fixed income, focusing on the areas which
offer the most attractive value at any one time
u The focus is on the Asia region where long term growth prospects are strong Asset
allocation will be flexibly managed through the cycle to take advantage of the best
income opportunities and reduce portfolio risk when value is not attractive
Specialist
†Telephone calls/emails may be monitored and/or recorded.
This document is intended for professional clients only and should not be distributed to or relied upon by Retail Clients. The views expressed above were held at the time of preparation and are subject to change without notice. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Global Asset Management (UK) Limited accepts no liability for any failure to meet such forecast, projection or target. HSBC GIF Funds are sub-funds of HSBC Global Investment Funds, a Luxembourg domiciled SICAV. UK based investors in HSBC Global Investment Funds are advised that they may not be afforded some of the protections conveyed by the provisions of the Financial Services and Markets Act 2000. HSBC Global Investment Funds is recognised in the United Kingdom by the Financial Services Authority under section 264 of the Act. The shares in HSBC Global Investment Funds have not been and will not be offered for sale or sold in the United States of America, its territories or possessions and all areas subject to its jurisdiction, or to United States Persons. All applications are made on the basis of the current HSBC Global Investment Funds Prospectus, Key Investor Information Document and most recent annual and semi-annual reports, which can be obtained upon request free of charge from HSBC Global Asset Management (UK) Limited, 8 Canada Square, Canary Wharf, London, E14 5HQ. UK, or the local distributors. Investors and potential investors should read and note the risk warnings in the prospectus and relevant Key Investor Information Document. The sub-funds may invest predominantly in one geographic area; therefore any decline in the economy of this area may affect the prices and value of the underlying assets. Any performance information shown refers to the past and should not be seen as an indication of future returns. The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Where overseas investments are held the rate of currency exchange may cause the value of such investments to go down as well as up. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in established markets. Stockmarket investments should be viewed as a medium to long term investment and should be held for at least five years. HSBC Global Asset Management (UK) Limited provides information to Institutions, Professional Clients and Retail Clients on the investment products and services of the HSBC Group. This document is approved for issue in the UK by HSBC Global Asset Management (UK) Limited who are authorised and regulated by the Financial Services Authority. Copyright © HSBC Global Asset Management (UK) Limited 2012. Information correct as at 31 July 2012. All rights reserved. 21767/0712/FP12-1262
Further information about HSBC Global Asset Management, details of our funds’ performance and prices can be found at
www.assetmanagement.hsbc.com/globalfunds
Alternatively, contact your local HSBC Global Asset Management representative
Global Funds Technical Support: 020 7024 0187†
Global Funds Helpdesk: 020 7992 4172†
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