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HSBC GIF Global Emerging Markets Equity Inclusive - Class A - Income (GBP)

Sell:1,270.40p Buy:1,270.40p Change: 3.20p (0.25%)
Prices as at 20 September 2019
Sell:1,270.40p
Buy:1,270.40p
Change: 3.20p (0.25%)
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
Prices as at 20 September 2019
Sell:1,270.40p
Buy:1,270.40p
Change: 3.20p (0.25%)
Prices as at 20 September 2019
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Also available as accumulation units Help

Charges and Savings

Initial charges
Initial charge: 5.54%
Initial saving from HL: 5.54%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 1.90%
Ongoing saving from HL: 0.75% i
Net ongoing charge: 1.15%
There are other unit types of this fund available:
Inclusive - Class A - Accumulation (GBP) (Net ongoing charge 1.15%)
Class BC - Accumulation (GBP) (Net ongoing charge 1.15%)
Class BD - Income (GBP) (Net ongoing charge 1.15%)

In some cases the ongoing savings are provided by our loyalty bonus. Loyalty bonuses are tax-free in an ISA or SIPP. However, they may be subject to tax in a Fund & Share Account which would, in effect, reduce their value and increase the net ongoing charge.


Other Information

Unit type: Inclusive
Manager:
Nicholas Timberlake
Fund launch date: 12 December 2008
Launch price: $10.00
Sector: Global Emerging Markets
Fund size: £190 million
Number of holdings: 88
Fund type: SICAV
Accumulation/income: Income
Dealing frequency: Daily
Valuation point: 16:00
Trustee: HSBC Bank plc
Minimum investment: £100.00
Charges deducted from: Income
Available in a regular savings plan: Yes
Minimum regular savings value: £25.00

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Performance

20/09/14 to 20/09/15 20/09/15 to 20/09/16 20/09/16 to 20/09/17 20/09/17 to 20/09/18 20/09/18 to 20/09/19
Annual return -17.24% 35.74% 18.89% -3.79% 6.01%

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.

View fund chart

Our view on this fund

The Wealth 50 is the list of what we believe are the best funds in each sector. If a fund is not within our Wealth 50 this is not necessarily a recommendation to sell. However, if you are thinking of adding to your investments we believe Wealth 50 funds are superior alternatives. View funds on the Wealth 50 »

Fund Objective

The sub-fund seeks long term capital growth by investing primarily in a well diversified portfolio of investments in equity and equity equivalent securities issued by companies which have their registered office in, and with an official listing in, an Emerging Market, as well as companies which carry out a preponderant part of their economic activities in Emerging Markets. The sub-fund will seek to invest primarily in securities listed on a Regulated Market, but may also invest up to 10% of the subfund's net assets in securities listed on markets that are not Regulated Markets. Investment in interest bearing securities is also permitted either for short-term cash surpluses or in response to unfavourable equity market conditions and this is limited to one third of the total assets of the sub-fund. Whilst there are no capitalisation restrictions, it is anticipated that the sub-fund will invest primarily in larger, established companies. To the extent that the sub-fund may invest in India, the sub-fund intends to invest part of the net proceeds of the issue of Shares in HSBC GIF Mauritius No.2 Limited, HSBC Centre, 18 Cyber City, Ebene, Mauritius (the "Subsidiary") which is a Mauritian company wholly-owned by the Company. Under normal market conditions, that part of the net proceeds allocated to the Subsidiary will be invested substantially in Indian equities and equity equivalent securities of companies which have their registered office in, and with an official listing on a major stock exchange or other Regulated Market of India. The remainder of the net proceeds of the issue of Shares will be invested directly in equity and equity equivalent securities of companies which have their registered office in, and with an official listing on a major stock exchange or other Regulated Market of Emerging Markets. The investment objectives of the Subsidiary are in line with those of Global Emerging Markets Equity to the extent the sub-fund may invest in India and the Subsidiary will apply the Company's investment restrictions as outlined in this Prospectus. The Subsidiary was incorporated in Mauritius on 21 November 2007. It is wholly-owned by the Company. It will issue ordinary Shares and redeemable preference Shares only to the Company's Global Emerging Markets Equity sub-fund. The Subsidiary is registered with the Financial Services Commission and has obtained a certificate of tax residency from the Mauritius Revenue Authority in Mauritius (Please refer to Section 2.18. "Taxation"). The directors of the Subsidiary are responsible, inter alia, for establishing the investment objectives and policy of the Subsidiary, for monitoring the Subsidiary's investments and performance and for providing advisory services to the exclusive benefit of the Company, including in relation to massive redemptions in the sub-fund. The Subsidiary has appointed CIM Fund Services (previously known as Multiconsult Limited), Rogers House, 5 President John Kennedy Street, Port Louis, Mauritius, to provide administrative services to the Subsidiary in Mauritius, including maintenance of its accounts, books and records. The Subsidiary has appointed KPMG Mauritius of KPMG Centre, 30 St George Street, Port Louis, Mauritius, as auditors of the Subsidiary in Mauritius to perform the auditor's duties required by Mauritius law. The Subsidiary has appointed the Depositary Bank as custodian over its assets. The Company has appointed HSBC Bank (Mauritius), a bank incorporated under the laws of Mauritius and a wholly owned subsidiary of The Hong Kong and Shanghai Banking Corporation Limited, and duly licensed to do business in Mauritius, and having an office at HSBC Centre, 18 Cybercity, Ebene, Mauritius, for the remittance of all cash and currency of the Subsidiary for the purpose of inward investment into India by the Subsidiary and in respect of remittances from such investments.The company and the Subsidiary shall issue consolidated accounts.

Income Details

Historic yield : 0.54%
Income paid: Annually
Type of payment: Dividend
Ex-dividend date: 6 July 2020
Payment date: 27 July 20204

This data is provided by Funds Library. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision. All yields are variable and not guaranteed. Information correct as at 31 July 2017.

Security Weight
SAMSUNG ELECTRONICS CO 4.59%
ALIBABA GROUP HLDG LTD 3.85%
TENCENT HLDGS LTD 3.67%
NASPERS 2.87%
NYF Mini MSCI Emg Mkt Fur June 2019 2.78%
RELIANCE INDUSTRIES 2.73%
ICICI BANK 2.56%
CHINA CONSTRUCTION BANK 2.46%
TAIWAN SEMICONDUCTOR MANUFACTURING 2.46%
BANCO BRADESCO SA 2.41%
Sector Weight
Banks 22.45%
Technology Hardware & Equipment 11.72%
Software & Computer Services 9.75%
Non-Renewable Energy 7.81%
Automobiles & Parts 5.39%
Telecommunications Service Providers 5.24%
Non-Classified 5.23%
Life Insurance 4.44%
Cash and Equiv. 4.03%
Construction & Materials 3.62%
Country Weight
China 15.35%
South Korea 14.54%
India 10.82%
Hong Kong 10.29%
Russian Federation 8.51%
Taiwan 7.25%
South Africa 5.18%
Brazil 5.06%
United States 4.51%
Cash and Equiv. 4.03%

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by Morningstar, correct as at 20 September 2019. Data provided by Funds Library, correct as at 31 May 2019.

FundsLibrary
You can buy or sell holdings in this fund through an ISA, Lifetime ISA, SIPP or Fund & Share Account

4 If you elect to receive the income from a Vantage ISA or Vantage Fund & Share Account, we will collect any dividends for you and then pay them directly into your bank account within the first 10 working days of the following month.