Morningstar Fund Report  | 07/04/2025Print

HSBC Global Investment Funds - Brazil Equity ZC (PLN)

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
HSBC Global Investment Funds - Brazil Equity ZC (PLN)
Fund-26.520.320.3-29.312.5
+/-Cat-9.50.5-0.20.71.9
+/-B’mrk-10.0-8.3-5.1-2.30.9
 
Category: Brazil Equity
Category Benchmark: Morningstar Brazil TME NR USD
Key Stats
NAV
04/04/2025		 PLN 77.56
Day Change -6.18%
Morningstar Category™ Brazil Equity
ISIN LU0196698665
Fund Size (Mil)
04/04/2025		 USD 109.21
Share Class Size (Mil)
04/04/2025		 USD 0.00
Max Initial Charge 5.00%
Ongoing Charge
08/10/2024		  0.22%
Investment Objective: HSBC Global Investment Funds - Brazil Equity ZC (PLN)
The sub-fund aims to provide long term total return by investing in a portfolio of Brazilian equities. The sub-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, or carry out the larger part of their business activities in Brazil. The sub-fund may also invest in eligible closed-ended Real Estate Investment Trusts (“REITs”). The sub-fund normally invests across a range of market capitalisations without any capitalisation restriction. The sub-fund will not invest more than 10% of its net assets in a combination of participation notes and convertible securities. The sub-fund will not invest more than 10% of its net assets in REITs. The sub-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).
Returns
Trailing Returns (GBP)04/04/2025
YTD6.93
3 Years Annualised-8.17
5 Years Annualised3.85
10 Years Annualised0.20
12 Month Yield -
Management
Manager Name
Start Date
Edward Conroy
01/07/2022
Inception Date
31/08/2004

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Brazil 10/40 NR USDMorningstar Brazil TME NR USD
Portfolio Profile for  HSBC Global Investment Funds - Brazil Equity ZC (PLN)31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock98.920.0098.92
Bond0.000.000.00
Property0.000.000.00
Cash85.8184.701.10
Other0.000.02-0.02
Top 5 Regions%
Latin America100.00
United States0.00
Canada0.00
United Kingdom0.00
Eurozone0.00
Top 5 Sectors%
Financial Services30.49
Basic Materials14.20
Industrials13.41
Energy11.76
Utilities10.89
Top 5 HoldingsSector%
Vale SABasic MaterialsBasic Materials8.69
Itau Unibanco Holding SA Partici... Financial ServicesFinancial Services8.10
Nu Holdings Ltd Ordinary Shares ... Financial ServicesFinancial Services7.47
Companhia De Saneamento Basico D... UtilitiesUtilities5.05
Ambev SAConsumer DefensiveConsumer Defensive5.02
Increase Decrease New since last portfolio
HSBC Global Investment Funds - Brazil Equity ZC (PLN)
Growth Of 1000 (GBP) 31/03/2025
Fund:  HSBC Global Investment Funds - Brazil Equity ZC (PLN)
Category:  Brazil Equity
Category Index:  Morningstar Brazil TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return5.1822.50-26.73-26.5020.2620.34-29.3012.49
+/- Category1.150.14-4.74-9.500.46-0.190.671.90
+/- Category Index----9.98-8.35-5.06-2.300.86
% Rank in Category2535849249555113
Trailing Returns (GBP)04/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-6.18   -1.08-1.29
1 Week-5.00   -0.14-0.50
1 Month-2.36   -2.74-5.02
3 Months5.34   -0.89-1.58
6 Months-9.95   -0.29-0.17
YTD6.93   0.230.06
1 Year-19.32   -1.65-3.62
3 Years Annualised-8.17   -0.96-3.22
5 Years Annualised3.85   -2.25-6.45
10 Years Annualised0.20   1.93-4.50
 
Category: Brazil Equity
Category Index: Morningstar Brazil TME NR USD
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
202512.49---
2024-6.00-13.763.06-15.37
2023-6.8818.38-2.9712.51
202235.87-19.4017.25-6.34
2021-14.1920.83-18.68-12.83
2020-47.4318.91-9.6029.65
 
 
 
Morningstar Rating™(Relative to Category)31/03/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearBelow AverageAverage2 star
10-YearAverageAverage2 star
OverallAverageAverage2 star
 
Category :  Brazil EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev23.87 %
3-Yr Mean Return-2.72 %
 
3-Yr Sharpe Ratio-0.29
 
Modern Portfolio Statistics31/03/202531/03/2025
 Standard IndexBest Fit Index
 Morningstar Brazil TME NR USD  Morningstar Brazil NR BRL
3-Yr Beta1.011.00
3-Yr Alpha-3.08-2.83
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 21039-
Market Capitalisation% of Equity
Giant62.20
Large30.49
Medium7.31
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings8.351.13
Price/Book1.421.08
Price/Sales1.231.20
Price/Cash Flow4.301.31
Dividend-Yield Factor5.230.68
 
Long-Term Projected Earnings Growth10.551.59
Historical Earnings Growth1.480.25
Sales Growth11.891.25
Cash-Flow Growth17.241.17
Book-Value Growth12.051.07
 
Category: Brazil Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock98.920.0098.92
Bond0.000.000.00
Property0.000.000.00
Cash85.8184.701.10
Other0.000.02-0.02
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.00-
Latin America100.001.00
United Kingdom0.00-
Eurozone0.00-
Europe - ex Euro0.00-
Europe - Emerging0.00-
Africa0.00-
Middle East0.00-
Japan0.00-
Australasia0.00-
Asia - Developed0.000.00
Asia - Emerging0.00-
 
Category: Brazil Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials14.201.00
Consumer CyclicalConsumer Cyclical4.943.60
Financial ServicesFinancial Services30.490.95
Consumer DefensiveConsumer Defensive6.071.15
HealthcareHealthcare3.411.44
UtilitiesUtilities10.891.00
Communication ServicesCommunication Services2.551.32
EnergyEnergy11.760.69
IndustrialsIndustrials13.411.02
TechnologyTechnology2.271.90
 
Category: Brazil Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings31
Total Number of Bond Holdings0
Assets in Top 10 Holdings55.90
NameSectorCountry% of Assets
Vale SA101Brazil8.69
Itau Unibanco Holding SA Participatin... 103Brazil8.10
Nu Holdings Ltd Ordinary Shares Class A103Brazil7.47
Companhia De Saneamento Basico Do Est... 207Brazil5.05
Ambev SA205Brazil5.02
Weg SA310Brazil4.87
Petroleo Brasileiro SA Petrobras Part... 309Brazil4.41
Banco BTG Pactual S.A. Units Cons of ... 103Brazil4.36
B3 SA - Brasil Bolsa Balcao103Brazil4.10
Petroleo Brasileiro SA Petrobras309Brazil3.83
 
Increase Decrease New since last portfolio
Category: Brazil Equity
 
Management
Name of CompanyHSBC Investment Funds (Luxembourg) S.A.
Phone(+352) 40 46 46 767
Websitehttp://www.assetmanagement.hsbc.com
AddressC/O HSBC Securities Services (Luxembourg) S.A.
 Luxembourg   L-1160
 Luxembourg
DomicileLuxembourg
Legal StructureSICAV
UCITSYes
Inception Date31/08/2004
Fund Advisor(s)
HSBC Global Asset Management (UK) Ltd
Fund ManagerEdward Conroy
Manager Start Date01/07/2022
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Chargen/a
Ongoing Charge0.22%
Purchase Details
Minimum Investments
Initial1000000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes