| Morningstar Fund Report | 13/04/2025 |  |
HSBC Global Investment Funds - Euro Bond AC |
| Performance History | 31/03/2025 |
| Growth of 1,000 (GBP) | Advanced Graph |
 | Fund | -9.6 | -12.6 | 4.0 | -3.3 | 0.0 |
| +/-Cat | -1.9 | -4.9 | 0.2 | -1.7 | -0.9 |
| +/-B’mrk | -0.7 | 0.0 | -0.3 | -1.0 | -0.3 |
| Category: EUR Diversified Bond | ||||||
| Category Benchmark: Morningstar EZN Core Bd GR EUR | ||||||
| Key Stats | ||
| NAV 11/04/2025 | EUR 25.24 | |
| Day Change | 0.83% | |
| Morningstar Category™ | EUR Diversified Bond | |
| ISIN | LU0165129312 | |
| Fund Size (Mil) 11/04/2025 | EUR 54.30 | |
| Share Class Size (Mil) 11/04/2025 | EUR 8.29 | |
| Max Initial Charge | 3.10% | |
| Ongoing Charge 19/06/2024 | 0.99% | |
| Morningstar Research |
| Analyst Report | 04/09/2024 Elbie Louw, Senior Analyst Morningstar, Inc |
HSBC GIF Euro Bond boasts an experienced and stable team, employing an efficient investment process. The fund’s cheapest share classes earn a Morningstar Analyst Rating of Bronze, with more expensive shares earning Neutral ratings. Jean-Philippe... | |
| Click here to read this analyst report on the underlying fund. | |
| Morningstar Pillars | |
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| People | 24 |
| Parent | 23 |
| Process | 24 |
| Performance | |
| Price | |
| Investment Objective: HSBC Global Investment Funds - Euro Bond AC |
| The sub-fund aims to provide long term total return by investing in a portfolio of Euro denominated bonds while promoting ESG characteristics within the meaning of Article 8 of SFDR. The sub-fund aims to do this with a higher ESG rating, calculated as a weighted average of the ESG ratings given to the issuers of the sub-fund’s investments, than the weighted average of the constituents of the Bloomberg Euro Aggregate (the “Reference Benchmark”). The sub-fund invests in normal market conditions a minimum of 90% of its net assets in Euro denominated Investment Grade rated fixed income and other similar securities which are either issued or guaranteed by governments, government agencies, supranational bodies or by issuers which are domiciled in, based in, or carry out the larger part of their business in any country including developed markets and Emerging Markets. |
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| Management | ||
Manager Name Start Date | ||
Jean-Philippe Munch 22/04/2008 | ||
Karen Kadosch 01/01/2015 | ||
Inception Date 04/04/2003 | ||
| Category Benchmark | |
| Fund Benchmark | Morningstar Benchmark |
| Bloomberg Euro Agg Bond TR EUR | Morningstar EZN Core Bd GR EUR |
| Portfolio Profile for HSBC Global Investment Funds - Euro Bond AC | 31/03/2025 |
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| Growth Of 1000 (GBP) | 31/03/2025 |
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| Annual Returns (GBP) | 31/03/2025 | |||||||
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 31/03 | |
| Price Return | 0.17 | -0.08 | 9.06 | -9.62 | -12.63 | 3.97 | -3.33 | 0.02 |
| +/- Category | 0.71 | 1.40 | 1.47 | -1.91 | -4.88 | 0.24 | -1.66 | -0.90 |
| +/- Category Index | -1.49 | -0.16 | -0.95 | -0.65 | -0.04 | -0.34 | -1.03 | -0.34 |
| % Rank in Category | 40 | 30 | 30 | 93 | 84 | 48 | 91 | 89 |
| Trailing Returns (GBP) | 11/04/2025 | ||
| Total Returns | +/- Category | +/- Category Index | |
| 1 Day | 0.83 | 0.01 | -0.05 |
| 1 Week | 2.32 | 0.35 | -0.01 |
| 1 Month | 4.46 | 1.05 | -0.14 |
| 3 Months | 4.45 | 0.40 | -0.36 |
| 6 Months | 3.84 | -0.18 | -0.51 |
| YTD | 4.48 | -0.24 | -0.47 |
| 1 Year | 4.17 | -0.45 | -1.11 |
| 3 Years Annualised | -0.12 | -1.35 | -0.63 |
| 5 Years Annualised | -2.17 | -1.44 | -0.43 |
| 10 Years Annualised | 1.00 | -0.60 | -0.70 |
| Category: EUR Diversified Bond | |||
| Category Index: Morningstar EZN Core Bd GR EUR | |||
| Quarterly Returns (GBP) | 31/03/2025 | |||
| Quarter 1 | Quarter 2 | Quarter 3 | Quarter 4 | |
| 2025 | 0.02 | - | - | - |
| 2024 | -2.21 | -1.96 | 1.48 | -0.64 |
| 2023 | 0.25 | -2.28 | -0.84 | 7.02 |
| 2022 | -4.98 | -6.09 | -3.03 | 0.98 |
| 2021 | -6.95 | 0.25 | -0.03 | -3.08 |
| 2020 | 1.75 | 5.75 | 1.41 | -0.06 |
| Morningstar Rating™(Relative to Category) | 31/03/2025 | ||||||||||||||||||||
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| Category : EUR Diversified Bond | Click here to see our Methodology | ||||||||||||||||||||
| Volatility Measurements | 31/03/2025 | ||||||||||
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| Modern Portfolio Statistics | 31/03/2025 | 31/03/2025 |
| Standard Index | Best Fit Index | |
| Morningstar EZN Core Bd GR EUR | Morningstar EZN Core Bd GR EUR | |
| 3-Yr Beta | 1.00 | 1.00 |
| 3-Yr Alpha | -0.55 | -0.55 |
| Fixed Income Style | 28/02/2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Asset Allocation | 31/03/2025 |
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| Top 10 Holdings | 31/03/2025 |
| Portfolio NEW | |
| Total Number of Equity Holdings | 0 |
| Total Number of Bond Holdings | 80 |
| Assets in Top 10 Holdings | 31.07 |
| Name | Sector | Country | % of Assets | ||
| Italy (Republic Of) 2.8% |  | Italy | 5.59 | ||
 Euro Bund Future June 25 | | Germany | 4.77 | ||
| France (Republic Of) 3.5% | | France | 4.70 | ||
| Belgium (Kingdom Of) 1.9% | | Belgium | 3.68 | ||
| Luxembourg (Grand Duchy Of) 0% | | Luxembourg | 2.27 | ||
| France (Republic Of) 0.75% | | France | 2.08 | ||
| France (Republic Of) 4.75% | | France | 2.05 | ||
| European Investment Bank 0.125% | | 2.03 | |||
| Belgium (Kingdom Of) 4% | | Belgium | 1.97 | ||
| Italy (Republic Of) 5% | | Italy | 1.92 | ||
Increase  Decrease  New since last portfolio | |||||
| Category: EUR Diversified Bond | |||||
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