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HSBC GIF Global High Income Bond AC USD

Ranked 5 out of 5 in - US Dollar High Yield over 12 months
All calculations are in USD unless stated

Managed by

Jaymeson Paul Kumm

Rick Liu

Jean-Olivier Neyrat

Born in France in 1966, Jean-Olivier Neyrat graduated in engineering from ENESTA ParisTech. He began his career at Dresdner in Paris as an analyst and trader, and transferred to their London office as a credit market maker. In 2000, he returned to Paris in the same capacity at Crédit Lyonnais, remaining there through their acquisition by Crédit Agricole. Before joining HSBC in 2007, he worked for four years as a credit trader with Elgin Capital in London. Now at HSBC, Jean-Olivier employs an active strategy in the European investment-grade bond sector, focusing on credit strengths and risk-premium fundamental research, with a top-down overview. His strategy, which includes cash and a 30% derivative weighting to manage the duration of the fund, aims to perform in all market conditions.

Jerry Samet

Objective

The sub-fund invests for high income primarily in a diversified portfolio of higher yielding fixed income bonds and other similar securities from around the world denominated in a range of currencies. This may include Investment Grade bonds high yield bonds and Asian and Emerging Markets debt instruments. Investment in mortgage and asset backed securities will be limited to a maximum of 20% of the sub-fund net assets. The sub-fund may invest up to 10% of its net assets in contingent convertible securities however this is not expected to exceed 5%. The sub-fund may also invest in financial derivative instruments such as futures options swaps (including but not limited to credit default swaps) and forward currency contracts and in other currency and credit derivatives.

Showing fund performance in Bahrain View performance globally

Performance

US Dollar High Yield over : 31/08/2017 - 31/08/2018

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -1.5% -1.3%
2017 6.3% 1.9% 2.0% 1.5% 0.7%
2016 6.6% 2.6% 2.6% 3.3% -1.9%
2015 -1.4% 2.0% -1.1% -2.6% 0.3%
2014 5.5% 3.0% 3.2% -0.6% -0.1%
2013 1.3% 0.2% -2.6% 1.6% 2.2%
2012 18.4% 6.7% 0.8% 6.0% 3.9%
2011 2.3% 1.6% 2.2% -5.6% 4.3%
2010 0.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2018

Top 10 Holdings

Stock Size
10YR TNotes SEP8 6.07%
USD Cash 4.03%
HSBC US Dollar Liquidity Fund Y 1.20%
5YR T NOTES SEP8 1.00%
EUR Forward Contract 0.71%
AT&T Inc 5.250% 01-Mar-2037 0.55%
Argentina 7.625% 22-Apr-2046 0.54%
SB Capital 6.125% 07-Feb-2022 0.46%
Gabon 6.375% 12-Dec-2024 0.46%
SINOPEC CAP 2013 3.13% 04/24/23 SR: 0.45%
31/07/2018

Registered For Sale In

  1. Austria
  2. Bahrain
  3. Belgium
  4. Brunei Darussalam
  5. Chile
  6. Finland
  7. France
  8. Germany
  9. Greece
  10. Hong Kong
  11. Italy
  12. Jersey
  13. Lebanon
  14. Luxembourg
  15. Macau
  16. Norway
  17. Oman
  18. Poland
  19. Portugal
  20. Qatar
  21. Singapore
  22. Spain
  23. Sweden
  24. Switzerland
  25. Taiwan
  26. United Arab Emirates
  27. United Kingdom

Fund Info

  • Launch date28/07/2010
  • Share Class size119Mn
  • Base currencyUSD
  • ISIN LU0524291613

Purchase Info

  • Min. initial investment5,000
  • Min. regular additional investment0

Charges

  • Annual management1.25%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).