Morningstar Fund Report  | 02/04/2025Print

HSBC Global Investment Funds - Brazil Equity AD

Performance History28/02/2025
Growth of 1,000 (GBP) Advanced Graph
HSBC Global Investment Funds - Brazil Equity AD
Fund-28.018.719.0-31.09.1
+/-Cat-11.0-1.1-1.5-1.12.4
+/-B’mrk-11.5-9.9-6.3-4.03.6
 
Category: Brazil Equity
Category Benchmark: Morningstar Brazil TME NR USD
Key Stats
NAV
01/04/2025		 USD 11.02
Day Change 1.07%
Morningstar Category™ Brazil Equity
ISIN LU0196696701
Fund Size (Mil)
01/04/2025		 USD 116.22
Share Class Size (Mil)
01/04/2025		 USD 60.47
Max Initial Charge 5.00%
Ongoing Charge
08/10/2024		  2.14%
Investment Objective: HSBC Global Investment Funds - Brazil Equity AD
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)01/04/2025
YTD12.85
3 Years Annualised-7.61
5 Years Annualised2.90
10 Years Annualised-0.95
12 Month Yield 3.73
Dividend Paying Frequency Annually
Management
Manager Name
Start Date
Edward Conroy
01/07/2022
Inception Date
21/12/2004

Category Benchmark
Fund BenchmarkMorningstar Benchmark
MSCI Brazil 10/40 NR USDMorningstar Brazil TME NR USD
Portfolio Profile for  HSBC Global Investment Funds - Brazil Equity AD31/01/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock96.540.0096.54
Bond0.000.000.00
Property0.000.000.00
Cash82.7279.263.46
Other0.000.01-0.01
Top 5 Regions%
Latin America100.00
United States0.00
Canada0.00
United Kingdom0.00
Eurozone0.00
Top 5 Sectors%
Financial Services32.51
Basic Materials15.57
Energy13.20
Utilities10.52
Industrials10.37
Top 5 HoldingsSector%
Vale SABasic MaterialsBasic Materials8.26
Nu Holdings Ltd Ordinary Shares ... Financial ServicesFinancial Services7.86
Itau Unibanco Holding SA Partici... Financial ServicesFinancial Services7.84
Petroleo Brasileiro SA Petrobras... EnergyEnergy5.60
Companhia De Saneamento Basico D... UtilitiesUtilities4.71
Increase Decrease New since last portfolio
HSBC Global Investment Funds - Brazil Equity AD
Growth Of 1000 (GBP) 28/02/2025
Fund:  HSBC Global Investment Funds - Brazil Equity AD
Category:  Brazil Equity
Category Index:  Morningstar Brazil TME NR USD
Growth of 1,000 GBP
Annual Returns (GBP)28/02/2025
 201820192020202120222023202428/02
Price Return3.7620.07-28.23-28.0418.7519.05-31.049.09
+/- Category-0.27-2.30-6.24-11.04-1.05-1.48-1.082.41
+/- Category Index----11.52-9.86-6.34-4.053.61
% Rank in Category5472939662696218
Trailing Returns (GBP)01/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day1.07   1.271.32
1 Week-2.33   -0.68-1.76
1 Month3.46   0.19-2.38
3 Months12.85   1.251.23
6 Months-5.18   -0.32-1.67
YTD12.85   1.251.23
1 Year-16.57   0.25-3.76
3 Years Annualised-7.61   -2.49-5.43
5 Years Annualised2.90   -4.10-7.12
10 Years Annualised-0.95   -4.69-6.65
 
Category: Brazil Equity
Category Index: Morningstar Brazil TME NR USD
Quarterly Returns (GBP)28/02/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
2024-7.24-14.192.56-15.53
2023-7.4417.95-3.4412.92
202236.02-19.7916.66-6.70
2021-14.2420.25-19.09-13.76
2020-47.5318.35-10.0528.48
 
 
 
Morningstar Rating™(Relative to Category)28/02/2025
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-YearAverageAbove Average3 star
5-YearBelow AverageBelow Average2 star
10-YearLowBelow Average1 star
OverallBelow AverageBelow Average2 star
 
Category :  Brazil EquityClick here to see our Methodology
Volatility Measurements28/02/2025
 
3-Yr Std Dev26.25 %
3-Yr Mean Return0.77 %
 
3-Yr Sharpe Ratio-0.12
 
Modern Portfolio Statistics28/02/202528/02/2025
 Standard IndexBest Fit Index
 Morningstar Brazil TME NR USD  Morningstar Brazil NR BRL
3-Yr Beta1.031.02
3-Yr Alpha-3.22-3.14
 
Investment Style Details31/01/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 20986-
Market Capitalisation% of Equity
Giant55.08
Large35.92
Medium9.00
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings7.971.08
Price/Book1.300.99
Price/Sales1.081.05
Price/Cash Flow3.891.19
Dividend-Yield Factor6.240.81
 
Long-Term Projected Earnings Growth9.741.47
Historical Earnings Growth4.820.83
Sales Growth10.171.07
Cash-Flow Growth14.390.98
Book-Value Growth11.951.06
 
Category: Brazil Equity
Asset Allocation31/01/2025
Asset Allocation
 % Long% Short% Net Assets
Stock96.540.0096.54
Bond0.000.000.00
Property0.000.000.00
Cash82.7279.263.46
Other0.000.01-0.01
World Regions31/01/2025
 % 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 Weightings31/01/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials15.571.10
Consumer CyclicalConsumer Cyclical4.753.46
Financial ServicesFinancial Services32.511.01
Consumer DefensiveConsumer Defensive5.190.98
HealthcareHealthcare3.561.50
UtilitiesUtilities10.520.97
Communication ServicesCommunication Services2.291.19
EnergyEnergy13.200.78
IndustrialsIndustrials10.370.79
TechnologyTechnology2.021.69
 
Category: Brazil Equity
Top 10 Holdings31/01/2025
 Portfolio NEW
Total Number of Equity Holdings33
Total Number of Bond Holdings0
Assets in Top 10 Holdings53.98
NameSectorCountry% of Assets
Vale SA101Brazil8.26
Nu Holdings Ltd Ordinary Shares Class A103Brazil7.86
Itau Unibanco Holding SA Participatin... 103Brazil7.84
Petroleo Brasileiro SA Petrobras Part... 309Brazil5.60
Companhia De Saneamento Basico Do Est... 207Brazil4.71
Weg SA310Brazil4.66
Ambev SA205Brazil4.05
Banco BTG Pactual S.A. Units Cons of ... 103Brazil3.85
B3 SA - Brasil Bolsa Balcao103Brazil3.70
iShares MSCI Brazil ETF (DE)Germany3.45
 
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 Date21/12/2004
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 Charge1.75%
Ongoing Charge2.14%
Purchase Details
Minimum Investments
Initial5000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes