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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:
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Fund Code: HECUC
HGIF - Global Equity Climate Change AD USD Cash (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 30-09-2024)
Asset allocation
Stock
Bond
Cash
Other
98.97%
0.00%
1.08%
-0.05%
Total number of equity holdings: 45
Total number of bond holdings : 0
Equity holdings geographical allocation
Equity holdings sector allocation
Top 10 holdings
Holding % of net asset
Trane Technologies PLC Class A 5.05
Top 10 underlying holdings
% of asset in Top 10 holdings -
Schneider Electric SE 4.74
Top 10 underlying holdings
% of asset in Top 10 holdings -
Prysmian SpA 4.74
Top 10 underlying holdings
% of asset in Top 10 holdings -
Ecolab Inc 4.69
Top 10 underlying holdings
% of asset in Top 10 holdings -
Microsoft Corp 4.54
Top 10 underlying holdings
% of asset in Top 10 holdings -
Verisk Analytics Inc 3.59
Top 10 underlying holdings
% of asset in Top 10 holdings -
Cadence Design Systems Inc 3.52
Top 10 underlying holdings
% of asset in Top 10 holdings -
Watts Water Technologies Inc Class A 3.37
Top 10 underlying holdings
% of asset in Top 10 holdings -
First Solar Inc 3.33
Top 10 underlying holdings
% of asset in Top 10 holdings -
Azbil Corp 3.32
Top 10 underlying holdings
% of asset in Top 10 holdings -
% of asset in Top 10 holdings 40.89
Fund Performance
(as of 31-10-2024)
Fund: HGIF - Global Equity Climate Change AD USD Cash
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
  • 23.28
  • 34.16
  • 1.66
  • -31.66
  • 6.36
  • -1.13
  • -
  • -
  • -
  • -
  • -
  • -
Fund Price Information
(as of 08-11-2024)
Fund price movement is calculated on Offer to Bid basis in fund class currency (USD).
Indicative fund price:
  • NAV:
USD 12.971
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
-0.39%
52 week low-high:
USD 10.686 - USD 13.636
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 31-10-2024)
Target distribution frequency:
Annually
Dividend yield:
0.00%
Last dividend paid (per unit):
USD 0.02
Last ex-dividend date:
11-07-2019
Dividend yield is the dividend amount declared over the past twelve months as a percentage of the last month-end fund unit price, show in 2 decimal places. The amount of dividend may not be guaranteed by Fund House.
Fund Statistic
(as of 31-10-2024)
Annualised return:
-7.16%
Standard deviation:
19.36%
Sharpe ratio:
-0.38
Alpha:
-10.91
Beta:
1.15
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:
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:
USD
Fund class inception date:
09-11-2007
Fund share class size (Million):
USD 28.43
(as of 31-10-2024)
Fund manager
(Start date):
Henry Wong (12-07-2022)
NicholasAndrew Dowell (12-07-2022)
Fund house:
HSBC Global Asset Management (Singapore) Limited
Morningstar Rating:

(as of 31-10-2024)
ISIN:
LU0323240290
Initial Investment Amount:
1000
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.

The information in this website relating to Unit Trusts are provided by Morningstar Asia Limited (“Information Provider”) to HSBC Bank (Singapore) Limited (the “Bank”) unless otherwise specified. For technical reasons, certain information provided by Information Provider may be different from that supplied by the respective fund houses. Neither the Information Provider nor the Bank guarantee or endorse the accuracy, reliability and completeness of the information provided by the Information Provider or that it is up-to date, and that such information has not been independently verified by the Bank. The Bank disclaims liability for any errors, omissions or inaccuracies in the information provided in this website. The Bank also disclaims liability for any loss or damages resulting from the use of information contained herein, or the inability to use such information or in connection with any error, interruption, delay in operation or incomplete transmission, line or system failure. The information contained herein is solely for personal and non-commercial use and for reference only, and the information are not intended to provide professional advice nor is HSBC, in providing such information intended to be advising on Unit Trust. The information contained in this website is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribed for any Unit Trusts or other investments or products or deposit. The information contain herein may not be copied or re-distributed by any means.


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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