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Please remember past performance is not a guide to future returns. Where no data is shown, figures are not available. This information is provided to help you choose your own investments, remember they can fall as well as rise in value so you may not get back the original amount invested.
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Our view on this fund
features funds our analysts believe have the potential to outperform their peers over the long term.
If a fund is not on the Shortlist, this is not a recommendation to sell; however, if you are
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The Fund aims to provide growth over the long term, which is a period of five years or more, by tracking the performance of the FTSE All-World Index (the "Index").To achieve its investment objective, the Fund will invest directly in shares (equities) of companies that make up the FTSE All-World Index.The Fund may also invest in the following assets which are not part of the Index: - cash to manage day-to-day cash flow requirements - units or shares of collective investment schemes, including collective investment schemes managed or operated by the HSBC Group in order to manage day-to-day cash flow requirements. - equity related securities such as American Depositary Receipts and Global Depositary Receipts (which are certificates typically issued by a bank or trust company evidencing ownership of shares of a non-US issuer) in order to achieve exposure to a stock instead of using a physical security.The Fund may invest in derivatives for efficient portfolio management including hedging, which means investment techniques that aim to reduce risks, reduce costs or generate growth and income. The Fund does not intend to use derivatives extensively and their use will be consistent with the risk profile of the Fund.The Fund may sometimes not invest in all of the companies that make up the Index in circumstances where the ACD determines that this is appropriate for reasons of poor liquidity, excessive cost to the Fund or where there are investment restrictions due to regulations or the ACD's banned weapons policy or other investment restrictions to which the ACD is bound.Use of benchmark The Fund will invest in a representative sample of the companies that make up the FTSE All-World Index and possibly some securities that are not included in the Index that are designed to help the Fund track the performance of the Index. This is generally known as optimised replication approach.This approach aims to construct a portfolio that closely matches the characteristics of the Index but which provides flexibility to: - manage the Fund's transaction costs, - maintain the Fund's characteristics during different market environments and differing levels of asset availability (i.e. poor liquidity) and where there are investment restrictions due to regulations or the ACD's banned weapons policy - or other investment restrictions to which the ACD is bound. The investment restrictions are detailed in Part B of the Investment Powers and Restrictions section.The Fund's performance is measured against the Index, because the Fund intends to track the performance of the Index. The Fund uses a tracking error to measure the consistency between the Fund's performance and the performance of the Index. In general, the lower the tracking error, the more consistent the Fund's performance is relative to the Index, and vice-versa.The anticipated tracking error for the Fund is expected to be up to 0.40%. Due to the time difference and complexity of the underlying benchmark the anticipated tracking error rate is higher than would be expected on a simpler and local Index. The anticipated tracking error for the Fund is not a guide to future performance.The difference in timing between the Fund Valuation (12 noon UK time) and the Index calculation (close of business) can impact on the tracking error.Use of derivatives The Fund may invest in exchange traded and over-the-counter derivatives in accordance with Part C and Part D of Appendix 3. In particular, exchange traded futures maybe used with the aim of generating returns that are consistent with the Index in respect of dividends and cash flowing into the Fund.