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Fund Code: HECCE
HGIF - Global Equity Climate Change ACHEUR (Closed for subscription)      
Risk Level: 3
Offering Document: 
 
Investment Objective
The sub-fund aims to provide long term total return by investing in companies that may benefit from the transition to a low carbon economy. The sub-fund aims to do this with a lower carbon intensity and a higher environmental, social and governance (“ESG”) rating, calculated respectively as a weighted average of the carbon intensities and ESG ratings given to the issuers of the sub-fund’s investments, than the weighted average of the constituents of the MSCI AC World Net index. The sub-fund invests in normal market conditions a minimum of 70% of its net assets in equities and equity equivalent securities of companies with revenue exposure to climate transition themes (“Climate Transition Themes”) which are domiciled in, based in, carry out business activities in, or are listed on a Regulated Market in, any country including both developed markets and Emerging Markets. The sub-fund may also invest in eligible closed-ended Real Estate Investment Trusts (“REITs”).
Investment Strategy
HSBC investment category:
Global Equity
Investment type:
Equity
Investment style:
Equity
Interest rate sensitivity:
-
Investment instrument:
Stock, 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 31-01-2024)
Asset allocation
Stock
Bond
Cash
Other
98.42%
0.00%
1.61%
-0.03%
Total number of equity holdings: 43
Total number of bond holdings : 0
Equity holdings geographical allocation
Equity holdings sector allocation
Top 10 holdings
Holding % of net asset
Prysmian SpA 4.72
Top 10 underlying holdings
% of asset in Top 10 holdings -
Microsoft Corp 4.63
Top 10 underlying holdings
% of asset in Top 10 holdings -
Accenture PLC Class A 4.58
Top 10 underlying holdings
% of asset in Top 10 holdings -
Autodesk Inc 4.47
Top 10 underlying holdings
% of asset in Top 10 holdings -
Trane Technologies PLC Class A 4.38
Top 10 underlying holdings
% of asset in Top 10 holdings -
Schneider Electric SE 4.35
Top 10 underlying holdings
% of asset in Top 10 holdings -
Ecolab Inc 4.15
Top 10 underlying holdings
% of asset in Top 10 holdings -
Verisk Analytics Inc 4.07
Top 10 underlying holdings
% of asset in Top 10 holdings -
Watts Water Technologies Inc Class A 3.77
Top 10 underlying holdings
% of asset in Top 10 holdings -
Capgemini SE 3.67
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 42.80
Fund Performance
(as of 29-02-2024)
Fund: HGIF - Global Equity Climate Change ACHEUR
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
  • -
  • -
  • -
  • -34.38
  • 3.37
  • -5.34
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 18-03-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (EUR).
Indicative fund price:
  • NAV:
EUR 8.133
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
0.71%
52 week low-high:
EUR 6.657 - EUR 8.182
Fund price information is provided based on the latest fund trading date.
Fund Statistic
(as of 29-02-2024)
Annualised return:
-
Standard deviation:
-
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:
0.03
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:
EUR
Fund class inception date:
21-06-2021
Fund share class size (Million):
USD 0.04
(as of 29-02-2024)
Fund manager
(Start date):
Henry Wong (12-07-2022)
NicholasAndrew Dowell (12-07-2022)
Fund house:
HSBC Global Asset Management (Singapore) Limited
Morningstar Rating:

ISIN:
LU2279764547
Initial Investment Amount:
1000
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.


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