Important information: The Fund invests primarily in global equities. The Fund may invest in financial derivative instruments for investment purpose and may suffer substantial loss if the relevant issuers default or the relevant instruments cannot be realised or perform badly. The Fund s investments may involve substantial market, currency, volatility, regulatory and political risks. Investors may suffer substantial loss of their investments in the Fund. Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this document and should read the offering document of the Fund for details. This document does not constitute an offering document. HSBC GIF Economic Scale Global Equity Class AD Fund objective and strategy The Fund aims to provide long term total return by investing in a portfolio of developed market equities. The Fund invests in normal market conditions a minimum of 90% of its net assets in equities and equity equivalent securities of companies which are domiciled in, based in, carry out the larger part of their business activities in or are listed on a Regulated Market in, developed markets such as OECD countries. The Fund may also invest in eligible closed-ended Real Estate Investment Trusts ( REITs ). The Fund uses a systematic investment approach and invests in companies according to their economic scale. The chosen measure of economic scale is a company s contribution to Gross National Product ( GNP ) which is also referred to as Value Added the difference between a company s outputs and inputs. The Fund normally invests across a range of market capitalisations without any capitalisation restriction. The Fund will not invest more than 10% of its net assets in REITs. The Fund may invest up to 10% of its net assets in units or shares of UCITS and/or other Eligible UCIs (including other sub-funds of HSBC Global Investment Funds). The Fund may use financial derivative instruments for hedging and cash flow management (for example, Equitisation). However, the Fund will not use financial derivative instruments extensively for investment purposes. The financial derivative instruments the Fund is permitted to use include, but are not limited to, futures and foreign exchange forwards (including nondeliverable forwards). Financial derivative instruments may also be embedded in other instruments in which the Fund may invest. Product features The Fund aims to provide long term total return by investing in a portfolio of developed market equities The Fund is authorised to invest up to 10% of their assets in eligible closed-ended REITs to gain exposure to Real Estate Price Indexed Performance (%) 1 YTD 3 mths 6 mths 1 yr 3 yrs 5 yrs Since Inception Fund (Class AD) 5.1 9.1 13.8 25.4 35.5 67.1 307.7 Reference Performance Benchmark 2 5.3 9.0 14.2 26.4 40.0 73.9 652.6 220 200 180 160 140 120 100 80 60-40 Jun 14 Jun 15 Jun 16 Jun 17 Jun 18Jan Fund (Class AD) Reference Performance Benchmark 2 Source: Morningstar, Inc. as at 31 January 2018. Bid to Bid price with dividend reinvested, in US Dollar. 120 100 80 60 40 20 0-20 Percent Change Calendar year performance (%) 1 Fund (Class AD) Reference Performance Benchmark 2 2013 25.0 26.7 2014 6.6 4.9 2015-4.5-3.1 2016 8.6 10.2 2017 21.3 22.3 Fund details Launch date Class AD 3 December 1990 Fund size Base currency Bid price Class AD Fund manager Investment adviser Minimum investment USD184.99 million USD USD40.755 Index and systematic equity portfolio management team Global Asset Management (UK) Limited USD1,000 Initial charge 5.25% Management fee 0.6% per annum Switching charge 1% Dealing ISIN code Bloomberg ticker Financial Y/E Dividend policy February 2018 Daily LU0039216626 HSBIMEI LX 31 March Annually, if any Portfolio characteristics Annualised volatility (3-year) 11.81% Sharpe ratio (3-year) 0.86 Portfolio composition Country allocation % USA 45.5 United Kingdom 13.1 Japan 10.1 China 6.6 Germany 4.6 France 3.2 Cash 3.8 Others 13.1 Percentage may not total 100 due to rounding. Please refer to the offering document for details of other fees. Source: HSBC Investment Funds (Hong Kong) Limited as at 31 January 2018. Morningstar, Inc. All Rights Reserved. Morningstar Rating TM as of 31 January 2018. 1. Fund changes that may have material impact on performance: 15 Dec 2008 investment adviser changed. 17 Feb 2015 and 25 Oct 2017 investment strategy changed. 2. Reference Performance Benchmark: MSCI World Net since 25 Oct 2017. Prior to that was HSBC Economic Scale World Net. From 31 Dec 2000 16 Feb 2015 was MSCI World Net, from 31 Dec1993 31 Dec 2000 was FTSE World Gross, before that was FTSE World Price. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission. www.assetmanagement.hsbc.com/hk Issued by HSBC Global Asset Management (Hong Kong) Limited
Top 10 holdings % Home Depot Inc Consumer discretionary USA 2.4 Bank of America Corp Financials USA 2.3 Cisco Systems Inc Information technology USA 2.2 3M Co Industrials USA 2.2 Compass Group Plc Consumer discretionary United Kingdom 2.1 Prudential Plc Financials United Kingdom 2.1 Bae Systems Plc Industrials United Kingdom 2.1 Apple Inc Information technology USA 2.1 United Technologies Corp Industrials USA 2.1 Johnson & Johnson Health care USA 2.1 Source: MSCI, the MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The MSCI information is provided on an as is basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the MSCI Parties ) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including, without limitation, lost profits) or any other damages. (www.msci.com) Source: FTSE International Limited ( FTSE ) (c) FTSE 2012. FTSE(r) is a trade mark of the London Stock Exchange Group companies and is used by FTSE International Limited under licence. All rights in the FTSE indices and/or FTSE ratings vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices and/or FTSE ratings or underlying data. No further distribution of FTSE Data is permitted without FTSE s express written consent. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission. www.assetmanagement.hsbc.com/hk Issued by HSBC Global Asset Management (Hong Kong) Limited
PRODUCT KEY FACTS 產品資料概要 HSBC Global Investment Funds Economic Scale Global Equity 滙豐環球投資基金 - 經濟規模環球股票 January 2018 This statement provides you with key information about the HSBC Global Investment Funds Economic Scale Global Equity 本概要提供有關滙豐環球投資基金 - 經濟規模環球股票的重要資料 This statement is part of the offering document 本概要是銷售文件的一部分 You should not invest in this product based on this statement alone 投資者切勿單憑本概要作投資決定 Quick facts 基本資料 Fund manager 基金經理 HSBC Investment Funds (Luxembourg) S.A. Investment adviser 投資顧問 HSBC Global Asset Management (UK) Limited (Internal delegation 內部委託 ) Custodian 保管人 Base currency (reference currency) 基本貨幣 ( 參考貨幣 ) Ongoing charges over a year 過去一年經常性開支比率 HSBC Bank Plc, Luxembourg Branch USD / 美元 Class AD / AD 類 0.95%^ 2018 年 1 月 Dividend policy 股息政策 Class AD Declared annually on a discretionary basis, and if declared, will be paid annually / AD 類 按酌情基準每年宣佈, 如獲宣佈, 將會每年派發股息 Financial year end 財政年度終結日 31 March / 3 月 31 日 Minimum investment 最低認購額 Class AD US$1,000 (initial and subsequent) / AD 類 1,000 美元 ( 首次及其後 ) Dealing frequency 進行交易 Daily on every dealing day / 每一個交易日 ^ The figure is based on ongoing expenses chargeable to the class expressed as a percentage of the class s average net asset value for the year ended 31 March 2017. This figure may vary from year to year. 此數字指截至 2017 年 3 月 31 日可向類別收取的經常性開支總額, 並以類別的平均資產淨值的百分比表示 數字每年均可能有所變動 What is this product? 本基金是甚麼產品? This is a sub-fund (the Fund ) of an umbrella fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is Commission de Surveillance du Secteur Financier. 本附屬基金 ( 基金 ) 所屬的傘子基金以互惠基金形式組成 本基金在盧森堡註冊成立, 在當地由 Commission de Surveillance du Secteur Financier 監管
What are the investment objectives and strategy? 本基金有哪些投資目標及基金策略? Investment Objectives and Strategy 投資目標及策略 : The Fund aims to provide long term total return by investing in a portfolio of developed market equities. 本基金旨在透過投資於已發展市場股票的投資組合, 提供長期總回報 The Fund invests in normal market conditions a minimum of 90% of its net assets in equities and equity equivalent securities of companies which are domiciled in, based in, carry out the larger part of their business activities in or are listed on a Regulated Market in, developed markets such as OECD countries. The Fund may also invest in eligible closed-ended Real Estate Investment Trusts ("REITs"). 本基金於正常市況下將其至少 90% 的淨資產投資於在已發展市場 ( 例如經合組織國家 ) 註冊 位於該處 在該處進行大部分商業活動或於該處的受監管市場上市的公司的股票及等同股票的證券 本基金亦可投資於合資格封閉式房地產投資信託基金 ( REITs ) The Fund uses a systematic investment approach and invests in companies according to their economic scale. The chosen measure of economic scale is a company s contribution to Gross National Product ("GNP") which is also referred to as "Value Added" - the difference between a company s outputs and inputs. 本基金採取系統性投資方法及根據公司的經濟規模進行投資 經濟規模乃按一家公司對國民生產總值 ( 國民生產總值 ) 的貢獻, 亦稱為 增值 某公司的產出與投入之間的差額, 來衡量 The Fund normally invests across a range of market capitalisations without any capitalisation restriction. 本基金通常投資於多種不同市值的公司, 沒有任何市值限制 The Fund will not invest more than 10% of its net assets in REITs. 本基金不會將其淨資產多於 10% 投資於 REITs The Fund may invest up to 10% of its net assets in units or shares of UCITS and/or other Eligible UCIs (including other sub-funds of HSBC Global Investment Funds). 本基金可將其最多 10% 的淨資產投資於 UCITS 及 / 或其他合資格 UCIs 的單位或股份 ( 包括滙豐環球投資基金的其他附屬基金 ) The Fund may use financial derivative instruments for hedging and cash flow management (for example, Equitisation). However, the Fund will not use financial derivative instruments extensively for investment purposes. The financial derivative instruments the Fund is permitted to use include, but are not limited to, futures and foreign exchange forwards (including non-deliverable forwards). Financial derivative instruments may also be embedded in other instruments in which the Fund may invest. 本基金可使用金融衍生工具作對沖及現金流管理 ( 例如股權化 ) 用途 然而, 本基金不會廣泛使用金融衍生工具作投資用途 本基金獲准使用的金融衍生工具包括但不限於期貨及外匯遠期 ( 包括非可交付遠期 ) 金融衍生工具亦可嵌入於本基金可投資的其他工具 What are the Key Risks? 本基金有哪些主要風險? Investments involve risks. Please refer to the offering document for details including the risk factors. 投資附帶風險 請參閱銷售文件以便獲取其他資料, 包括風險因素 Investment risk 投資風險 The Fund is an investment fund. There is no guarantee of the repayment of principal. 本基金為投資基金, 並不保證償付投資本金 The Fund s investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer losses. 本基金的投資組合價值可能因下列任何主要風險因素而下跌, 而閣下在本基金的投資亦可能蒙受虧損 Equity risk 股票風險 The Fund s investment in equity securities is subject to general market risks, whose value may fluctuate due to various factors, such as changes in investment sentiment, political and economic conditions and issuer-specific factors. 本基金投資於股票證券, 須承受一般市場風險, 其價值可能因受到不同因素 ( 例如投資氣氛 政治及經濟狀況之改變及發行人相關風險因素 ) 的影響而波動 Risk associated with small-capitalisation / mid-capitalisation companies 與中小型公司相關的風險 The shares of small-capitalisation/ mid-capitalisation companies may have lower liquidity and their prices are generally more volatile, especially during adverse economic developments, than those of larger capitalisation companies in general. 一般而言, 相比較大型公司, 中小型公司的股份流動性可能較低, 而其價格一般較為波動, 當經濟出現不利發展時尤其更甚 Derivative instrument risk 衍生工具風險 Risks associated with financial derivative instruments include counterparty/credit risk, liquidity risk, valuation risk, volatility risk and over-thecounter transaction risk. The leverage element/component of a financial derivative instrument can result in a loss significantly greater than the amount invested in the financial derivative instrument by the Fund. Exposure to financial derivatives instruments may lead to a high risk of significant loss by the Fund. 與金融衍生工具相關的風險包括對手方 / 信貸風險 流動性風險 估值風險 波動性風險及場外交易風險 金融衍生工具包含的槓桿元素 / 部分或會導致產生大為高於本基金投資於金融衍生工具的金額之損失 投資於金融衍生工具可能導致本基金承受產生重大虧損的高風險
How has the Fund performed? 本基金過往的業績表現如何? The performance of the highlighted years was achieved under circumstances that no longer apply, the investment objective was last changed on 25 October 2017. 業績在標示的年份之情況已不再適用, 投資目標於 2017 年 10 月 25 日更改 本基金基準 Past performance information is not indicative of future performance. Investors may not get back the full amount invested. 過去業績並不代表將來的表現 投資者可能不能取回全部投資金額 The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested. 業績表現以曆年末的資產淨值作為比較基礎, 股息會滾存再作投資 These figures show by how much the share class increased or decreased in value during the calendar year being shown. Performance data has been calculated in USD including ongoing charges and excluding subscription fee and redemption fee you might have to pay. 數據顯示股份類別於上述曆年的價值升跌 業績數據以美元計算, 包括經常性開支但不包括您可能需支付的認購費用及贖回費用 The Fund has adopted MSCI World Net as the reference performance benchmark of the Fund with effect from 25 October 2017 due to a change of investment objective. This reference performance benchmark is for comparison purposes only and the Fund may not be managed to the reference performance benchmark. Prior to that, the reference performance benchmark of the Fund had been HSBC Economic Scale Index World since 17 February 2015. Prior to 17 February 2015 the reference performance benchmark of the Fund had been MSCI World Net. 由 2017 年 10 月 25 日起, 由於投資目標的更改, 本基金已採用摩根士丹利世界淨回報指數 (MSCI World Net) 作為本基金的參考表現基準 此參考表現基準僅供比較用途, 而本基金未必能管理至符合參考表現基準 在此之前, 自 2015 年 2 月 17 日起, 本基金的參考表現基準為滙豐經濟規模指數環球 (HSBC Economic Scale Index World) 於 2015 年 2 月 17 日前, 本基金參考表現基準為摩根士丹利世界指數淨回報 (MSCI World Net) Fund launch date: 03/12/1990 基金成立日期 :03/12/1990 Class AD launch date: 29/12/2000 AD 類成立日期 :29/12/2000
Is there any guarantee? 本基金有否提供保證? The Fund does not have any guarantees. You may not get back the full amount of money you invest. 本基金並不提供任何保證 閣下未必能全數取回投資本金 What are the fees and charges? 本基金涉及哪些費用? Charges which may be payable by you 認購本基金時閣下或須支付的費用 You may have to pay the following fees when dealing in the Fund. 閣下買賣本基金時可能須要支付以下費用 Fees 費用 What you pay 你須支付 Subscription fee 認購費 Up to 5.25% of the offer price* 最高達賣出價的 5.25%* Switching fee 轉換費 Up to 1% of the offer price* 最高達賣出價的 1%* Redemption fee 贖回費 Nil* 無 * Ongoing fees payable by the Fund 本基金持續繳付的費用 The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments. 以下收費將從本基金總值中扣除, 閣下的投資回報將會因而減少 Fees 費用 Annual rate (as a % of the Net Asset Value of the Fund) 年率 ( 以本基金資產淨值之 %) Management fee 管理費 0.6% Custodian fee 保管費 Administrative fee 行政費 0.35% # Performance fee 表現費 Not applicable, included in Administrative fee 不適用, 已包括在行政費內 Not applicable 不適用 Other fees 其他收費 You may have to pay other fees and charges when dealing in the Fund. 閣下買賣本基金時可能須要支付其他費用 * You may need to bear additional costs under certain situations in order to mitigate any adverse impacts to the Fund caused by the transactions. Please refer to the offering document for further details. 為減輕交易可能對本基金造成的不利影響, 閣下可能在某些情況下承擔額外費用 進一步詳情請參閱銷售文件 # The fees and charges may be increased up to maximum level as specified in the offering document by giving at least one month s prior notice to investor. 費用可增至銷售文件所定的最高水平, 但須予最少 1 個月預先通知投資者 Additional information 其他資料 You generally buy and redeem shares at the Fund s next-determined subscription price and redemption price with reference to the Net Asset Value (NAV) after the intermediaries receive your request in good order on or before 4:00pm (HK Time), being the Fund s dealing cut-off time. 一般而言, 閣下認購及贖回本基金股份的價格, 是在中介人於香港時間下午 4 時或之前 ( 即本基金的交易截止時間 ) 收到閣下的完整指示後, 參照本基金資產淨值而釐定的下一個認購價及贖回價 Intermediaries who sell the Fund may impose earlier cut-off times for receiving instructions for subscriptions, redemptions or switching. Investors should pay attention to the arrangements of the intermediary concerned. 銷售本基金的中介人可能就接受認購 贖回或轉換指示實施較早的截止時間 投資者須注意有關中介人的安排 Investors may obtain information on the intermediaries online at www.assetmanagement.hsbc.com/hk (the website has not been reviewed by the SFC). 投資者可瀏覽 www.assetmanagement.hsbc.com/hk 以獲取中介人的資料 ( 網頁並未經證監會批閱 ) The net asset value of the Fund is calculated and the price of the Fund is published on the next business day after the dealing day. Fund prices are available online at www.assetmanagement.hsbc.com/hk (the website has not been reviewed by the SFC). 本基金的資產淨值及價格均於交易日後下一個營業日計算及刊登 本基金價格刊登於 www.assetmanagement.hsbc.com/hk( 網頁並未經證監會批閱 ) Important 重要資料 If you are in doubt, you should seek professional advice. 閣下如有疑問, 請應諮詢專業意見 The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness. 證監會對本概要的內容並不承擔任何責任, 對其準確性或完整性亦不作出任何陳述 Issued by HSBC Global Asset Management (Hong Kong) Limited 由滙豐環球投資管理 ( 香港 ) 有限公司刊發