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Fund Code: HCBAU
HSBC Global Investment Funds - Global Lower Carbon Bond AC USD       
Risk Level: 2
Offering Document: 
Investment Objective
The sub-fund aims to provide long term total return by investing in a portfolio of corporate bonds seeking a lower carbon footprint than its reference benchmark (Bloomberg Barclays Global Aggregate Corporates Diversified Index Hedged USD). The sub-fund invests (normally a minimum of 90% of its net assets) in: - Investment Grade and Non-Investment Grade rated fixed income and other similar securities issued by companies with consideration of the issuers’ carbon footprint and/or “Green Bonds” (fixed income securities whose proceeds are invested in projects with climate or other environmental sustainability purposes). The sub-fund will invest in both developed markets and Emerging Markets. These investments will be denominated in developed market and Emerging Market currencies. - Asset Backed Securities (“ABS”) and Mortgage Backed Securities (“MBS”).
Investment Strategy
HSBC investment category:
Global Bond
Investment type:
Fixed Income
Investment style:
Fixed Income
Interest rate sensitivity:
Investment instrument:
Bond, Cash, Other
Investment style is only applicable for funds that invest in equities. Interest rate sensitivity is only applicable for funds that invest in fixed income product.
Fund Portfolio
(as of 28-02-2021)
Asset allocation
Top 5 bond holdings country exposure
Country exposure %
United States 48.14
France 10.17
United Kingdom 9.76
Netherlands 8.93
Germany 8.28
Top 10 holdings
Holding % of net asset
Barc 1% Cdx 21/09/20-20/12/25 2.27
Top 10 underlying holdings
% of asset in Top 10 holdings -
HSBC Corporate Bond Institutional Acc 9.24
Top 10 underlying holdings
Holding % of net asset
Long Gilt Future Mar 21 3.88
HSBC Global Liq Sterling Liquidity Y 3.08
Barclays PLC 3% 1.58
WALMART INC 5.62% 1.45
Legal & General Group plc 5.38% 1.36
ENEL Finance International N.V. 5.75% 1.35
BNP Paribas 3.38% 1.34
Deutsche Bank AG 1.75% 1.31
United Kingdom of Great Britain and Northern Ireland 4.5% 1.25
GlaxoSmithKline Capital plc 5.25% 1.25
% of asset in Top 10 holdings 17.85
National Bank of Canada 2.15% 1.27
Top 10 underlying holdings
% of asset in Top 10 holdings -
Aircastle Limited 5.25% 0.99
Top 10 underlying holdings
% of asset in Top 10 holdings -
Comcast Corporation 4.7% 0.99
Top 10 underlying holdings
% of asset in Top 10 holdings -
Long Gilt Future June 21 0.91
Top 10 underlying holdings
% of asset in Top 10 holdings -
ING GROEP N V / ING BANK N V 4.62% 0.87
Top 10 underlying holdings
% of asset in Top 10 holdings -
Eurogrid Gmbh 1.11% 0.82
Top 10 underlying holdings
% of asset in Top 10 holdings -
JPMorgan Chase & Co. 4.6% 0.79
Top 10 underlying holdings
% of asset in Top 10 holdings -
Natwest Markets plc 0.62% 0.78
Top 10 underlying holdings
% of asset in Top 10 holdings -
Dell International L.L.C. and EMC Corporation 4.9% 0.77
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 18.94
Fund Performance
(as of 31-03-2021)
Fund: HSBC Global Investment Funds - Global Lower Carbon Bond AC USD
Fund indexed performance (initial value =100%). Performance statistics are based on offer-bid prices of the fund with dividend reinvested, in fund class currency
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • YTD
  • -
  • -
  • -7.41
  • 9.76
  • 2.94
  • -5.49
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 16-04-2021)
Fund price movement is calculated on Offer to Bid basis in fund class currency (USD).
Indicative fund price:
  • NAV:
USD 11.691
  • Bid:
  • Offer:
Change vs previous trading day:
52 week low-high:
USD 10.953 - USD 11.933
Fund price information is provided based on the latest fund trading date.
Yield And Credit Information
(as of 31-08-2020)
Average current yield:
Average yield to maturity:
Average duration:
7.03 years
Average credit quality:
Credit quality breakdown:
% %
AAA 1.03 BB 1.50
AA 5.43 B 0.04
A 39.69 Below B 0.00
BBB 50.81 Not Rated 1.49
Current yield refers to the annual interest of the bonds divided by the market price of a bond. Yield to maturity is the rate of return anticipated on a bond if it is held until the maturity date, assumed that all coupons are reinvested at the same rate. Duration is a measure of the sensitivity of the price (the value of principal) of a fixed-income investment to a change in interest rates. Credit quality is based on Standard and Poor’s classification.
Fund Statistic
(as of 31-03-2021)
Annualised return:
Standard deviation:
Sharpe ratio:
Fund statistics are calculated by using 3 years historical data, and are not calculated for fund which is less than 3 years old.
Sharpe ratio: Morningstar Asia Limited used the USD as the risk free factor for calculation
Alpha & Beta: Morningstar Asia Limited Used USD as the benchmark index for calculation
Fees and Charges
Initial charge:
Annual management fee (maximum):
Distribution fee:
Redemption fee:
Performance fee:
Highest contingent deferred sales charge:
Switching Fee:
The listed information may not cover all the fees and charges imposed on a fund. Please refer to the respective offering documents of the fund for details of relevant fees and charges.
Other Fund Information
Fund class currency:
Fund class inception date:
Fund share class size (Million):
USD 8.21
(as of 31-03-2021)
Fund manager
(Start date):
Jerry Samet (27-09-2017)
Jean-Olivier Neyrat (31-08-2019)
Fund house:
HSBC Global Asset Management (Singapore) Limited
Morningstar Rating:

(as of 31-03-2021)
Initial Investment Amount:
Other fund classes available with HSBC:
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The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund. You should refer to the detailed definition of fund risk level here.