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Selecting products with risk level relative to your attitude towards investment risk.
At HSBC, we offer a full range of products for your consideration with respect to your investment objective, investment tenor and your attitude according to the table below.
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:
Risk attitude Funds with risk level commensurate
Secure Risk Level 0
Very Cautious Risk Level 1
Cautious Risk Level 1 – 2
Balanced Risk Level 1 – 3
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Fund Code: BGAC
BGF Global Allocation A2 CNH-H       
Risk Level: 3
Offering Document: 
 
Investment Objective
The Fund seeks to maximise total return. The Fund invests globally in equity, debt and short term securities, of both corporate and governmental issuers, with no prescribed limits. In normal market conditions the Fund will invest at least 70% of its total assets in the securities of corporate and governmental issuers. The Fund generally will seek to invest in securities that are, in the opinion of the Investment Adviser, undervalued. The Fund may also invest in the equity securities of small and emerging growth companies. The Fund may also invest a portion of its debt portfolio in high yield fixed income transferable securities. Currency exposure is flexibly managed.
Investment Strategy
HSBC investment category:
Balanced
Investment type:
Multi Asset / Balanced
Investment style:
Multi Asset / Balanced
Interest rate sensitivity:
-
Investment instrument:
Stock, 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 29-02-2024)
Asset allocation
Stock
Bond
Cash
Other
58.43%
26.35%
13.03%
2.19%
Total number of equity holdings: 687
Total number of bond holdings : 754
Equity holdings geographical allocation
Equity holdings sector allocation
Bond holdings sector allocation
Top 5 bond holdings country exposure
Country exposure %
United States 37.37
Germany 14.57
United Kingdom 13.57
Mexico 4.97
Australia 4.81
Top 10 holdings
Holding % of net asset
Microsoft Corp 2.92
Top 10 underlying holdings
% of asset in Top 10 holdings -
Germany (Federal Republic Of) 2.3% 1.93
Top 10 underlying holdings
% of asset in Top 10 holdings -
Amazon.com Inc 1.84
Top 10 underlying holdings
% of asset in Top 10 holdings -
NVIDIA Corp 1.54
Top 10 underlying holdings
% of asset in Top 10 holdings -
Apple Inc 1.52
Top 10 underlying holdings
% of asset in Top 10 holdings -
United States Treasury Notes 4.125% 1.29
Top 10 underlying holdings
% of asset in Top 10 holdings -
United Kingdom of Great Britain and Northern Ireland 1.25% 1.25
Top 10 underlying holdings
% of asset in Top 10 holdings -
Alphabet Inc Class C 1.18
Top 10 underlying holdings
% of asset in Top 10 holdings -
Australia (Commonwealth of) 1% 1.16
Top 10 underlying holdings
% of asset in Top 10 holdings -
Germany (Federal Republic Of) 1.7% 1.11
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 15.73
Fund Performance
(as of 29-02-2024)
Fund: BGF Global Allocation A2 CNH-H
Index:
Fund indexed performance (initial value =100%). Performance statistics are based on offer-bid prices of the fund with dividend reinvested, in fund class currency
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • YTD
  • 11.03
  • 15.25
  • 3.28
  • -20.66
  • 3.76
  • -2.89
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 27-03-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (CNY).
Indicative fund price:
  • NAV:
CNH 172.97
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
-0.13%
52 week low-high:
CNH 148.90 - CNH 173.85
Fund price information is provided based on the latest fund trading date.
Yield And Credit Information
(as of 29-02-2024)
Average current yield:
4.93%
Average yield to maturity:
-
Average duration:
1.67 years
Average credit quality:
BB
Credit quality breakdown:
% %
AAA 16.15 BB 13.90
AA 27.98 B 15.94
A 6.29 Below B 2.82
BBB 12.94 Not Rated 3.97
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 29-02-2024)
Annualised return:
-5.10%
Standard deviation:
14.45%
Sharpe ratio:
-
Alpha:
-
Beta:
-
Fund statistics are calculated by using 3 years historical data, and are not calculated for fund which is less than 3 years old.
Fees and Charges
Initial charge:
0.05
Annual management fee (maximum):
0.015
Distribution fee:
-
Redemption fee:
0
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:
CNY
Fund class inception date:
21-05-2014
Fund share class size (Million):
CNY 244.20
(as of 28-03-2024)
Fund manager
(Start date):
Russ Koesterich (01-01-2017)
David Clayton (01-01-2017)
Rick Rieder (01-04-2019)
Fund house:
BlackRock (Singapore) Limited
Morningstar Rating:

ISIN:
LU1062906877
Initial Investment Amount:
10000
Other fund classes available with HSBC:
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Disclaimers:


The declaration of distribution is at the sole discretion of the Fund Manager and is not guaranteed. The dividend information is for your reference only and it is not indicative of future performance.

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Investment involves risk. Investments are not obligations of, deposits in, insured or guaranteed by HSBC Bank (Singapore) Limited. The information contained on this web site is intended for Singapore residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction, in particular the United States of America and Canada. You should refer to the website disclaimers for further important details.


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.


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