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HSBC Islamic Global Equity Index Accumulation (USD)

Sell:1,043.00p Buy:1,043.00p Change: 3.60p (0.34%)
Prices as at 16 October 2019
Change: 3.60p (0.34%)
You can buy or sell holdings in this fund through anStocks and Shares ISA, Lifetime ISA, SIPP or Fund and Share Account
Prices as at 16 October 2019
Change: 3.60p (0.34%)
Prices as at 16 October 2019
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.

Charges and Savings

Initial charges
Initial charge: 0.00%
Initial saving from HL: 0.00%
HL dealing charge: Free
Net initial charge: 0.00%
Annual charges
Performance fee: No  
Ongoing charge (OCF/TER): 0.50%
Ongoing saving from HL: 0.00%
Net ongoing charge: 0.50%

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: Unbundled
HSBC Index and Systematic Equity Portfolio Management Team
Fund launch date: 28 April 2000
Sector: Offshore
Fund size: £809 million
Number of holdings: 134
Fund type: SICAV
Accumulation/income: Accumulation
Dealing frequency: Daily
Valuation point: 22:00
Trustee: HSBC Bank plc
Minimum investment: £100.00
Charges deducted from: Capital
Available in a regular savings plan: No
Minimum regular savings value: n/a

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16/10/14 to 16/10/15 16/10/15 to 16/10/16 16/10/16 to 16/10/17 16/10/17 to 16/10/18 16/10/18 to 16/10/19
Annual return n/a n/a n/a 7.45% 15.01%

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.

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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 HSBC Islamic Global Equity Index Fund (the Fund) aims to create long term appreciation of capital through investment in a diversified portfolio of securities as defined by a relevant world index, which meets Islamic investment principles as interpreted and laid down by the Shariah Committee and provided to the Board of Directors. The Fund tracks the DJ Islamic Market Global Titans 100 Index which is Shariah compliant. The Fund follows an investment process that has been approved by an independent Shariah committee. The Shariah committee monitors the Fund throughout the year and issues an annual Shariah certificate on the Fund's compliance with Shariah principles. This certificate is included in the annual financial report of the Fund as a confirmation of the Shariah compliance for that year. Before investing, please do check that this Fund meets your Shariah requirements, and if in any doubt please consult an adviser. For further details on the Shariah principles, please refer to the section "Investment Policy of the Sub-Funds" found in the prospectus.

Income Details

Income paid: n/a
Type of payment: Dividend
Ex-dividend date:
Payment date:

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. There is currently no yield information available for this fund.

Sector Weight
Software & Computer Services 22.88%
Pharmaceuticals, Biotechnology & Marijuana Producers 18.13%
Technology Hardware & Equipment 14.49%
Industrial Support Services 5.83%
Non-Renewable Energy 4.54%
Retailers 4.08%
Personal Care, Drug & Grocery Stores 3.37%
Medical Equipment & Services 2.81%
Beverages 2.80%
Travel & Leisure 2.52%
Country Weight
United States 69.44%
Switzerland 5.49%
Japan 4.48%
United Kingdom 3.50%
Ireland 2.64%
France 2.41%
Germany 2.10%
Hong Kong 1.98%
Netherlands 1.82%
South Korea 1.60%

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 16 October 2019. Data provided by Funds Library, correct as at 30 June 2019.


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.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.