Morningstar Fund Report  | 17/04/2025Print

HSBC Global Investment Funds - BRIC Markets Equity AC

Performance History31/03/2025
Growth of 1,000 (GBP) Advanced Graph
HSBC Global Investment Funds - BRIC Markets Equity AC
Fund-5.4-19.8-0.4-0.47.6
+/-Cat-----
+/-B’mrk-----
 
Category: Other Equity
Category Benchmark: -
Key Stats
NAV
16/04/2025		 USD 16.09
Day Change -1.22%
Morningstar Category™ Other Equity
ISIN LU0254981946
Fund Size (Mil)
15/04/2025		 USD 36.11
Share Class Size (Mil)
15/04/2025		 USD 26.86
Max Initial Charge 5.00%
Ongoing Charge
12/06/2024		  1.84%
Investment Objective: HSBC Global Investment Funds - BRIC Markets Equity AC
The sub-fund aims to provide long term total return by investing in a portfolio of equities from Brazil, Russia, India and China (including Hong Kong SAR) (“BRIC”). 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, Russia, India and/or China (including Hong Kong SAR) (“BRIC”). Investments in Chinese equities include, but are not limited to, China A-shares and China B-shares (and such other securities as may be available) listed on stock exchanges in the People's Republic of China (“PRC”). The sub-fund may directly invest in China A-shares through the Shanghai-Hong Kong Stock Connect and/or the Shenzhen-Hong Kong Stock Connect, subject to applicable quota limitations.
Returns
Trailing Returns (GBP)16/04/2025
YTD-0.94
3 Years Annualised-2.68
5 Years Annualised0.44
10 Years Annualised2.14
12 Month Yield 0.00
Management
Manager Name
Start Date
Stephanie Wu
04/08/2020
Inception Date
04/07/2006

Category Benchmark
Fund BenchmarkMorningstar Benchmark
25% MSCI Russia NR USD ,  25% MSCI Brazil NR USD ,  25% MSCI China NR USD ,  25% MSCI India NR USD-
Portfolio Profile for  HSBC Global Investment Funds - BRIC Markets Equity AC31/03/2025
Morningstar Style Box®
Equity Style
Asset Allocation
  % Long% Short% Net Assets
Stock99.430.0099.43
Bond0.000.000.00
Property0.000.000.00
Cash83.6983.600.09
Other0.880.400.48
Top 5 Regions%
Asia - Emerging67.05
Latin America32.95
United States0.00
Canada0.00
United Kingdom0.00
Top 5 Sectors%
Financial Services28.25
Consumer Cyclical22.58
Communication Services13.15
Energy12.55
Technology7.94
Top 5 HoldingsSector%
Tencent Holdings LtdCommunication ServicesCommunication Services7.26
Alibaba Group Holding Ltd Ordina... Consumer CyclicalConsumer Cyclical6.24
Itau Unibanco Holding SA Partici... Financial ServicesFinancial Services4.48
Reliance Industries LtdEnergyEnergy4.25
Petroleo Brasileiro SA Petrobras... EnergyEnergy4.09
Increase Decrease New since last portfolio
HSBC Global Investment Funds - BRIC Markets Equity AC
Growth Of 1000 (GBP) 31/03/2025
Fund:  HSBC Global Investment Funds - BRIC Markets Equity AC
Category:  Other Equity
Category Index: 
Growth of 1,000 GBP
Annual Returns (GBP)31/03/2025
 201820192020202120222023202431/03
Price Return-2.0223.78-1.20-5.43-19.79-0.42-0.357.58
+/- Category--------
+/- Category Index--------
% Rank in Category221894497630-
Trailing Returns (GBP)16/04/2025
   Total Returns   +/- Category   +/- Category Index
1 Day-1.22   --
1 Week1.06   --
1 Month-4.67   --
3 Months-2.32   --
6 Months-6.97   --
YTD-0.94   --
1 Year0.49   --
3 Years Annualised-2.68   --
5 Years Annualised0.44   --
10 Years Annualised2.14   --
 
Category: Other Equity
Category Index: 
Quarterly Returns (GBP)31/03/2025
 Quarter 1Quarter 2Quarter 3Quarter 4
20257.58---
20240.300.797.06-7.93
2023-3.462.27-0.311.17
2022-12.57-5.320.15-3.25
2021-4.2010.250.70-11.09
2020-30.7218.582.3017.57
 
 
 
Morningstar Rating™(Relative to Category)-
 Morningstar ReturnMorningstar RiskMorningstar Rating™
3-Year--Not Rated
5-Year--Not Rated
10-Year--Not Rated
Overall--Not Rated
 
Category :  Other EquityClick here to see our Methodology
Volatility Measurements31/03/2025
 
3-Yr Std Dev13.32 %
3-Yr Mean Return0.17 %
 
3-Yr Sharpe Ratio-0.29
 
Modern Portfolio Statistics-31/03/2025
 Standard IndexBest Fit Index
   Morningstar EM TME NR USD
3-Yr Beta-0.95
3-Yr Alpha--2.86
 
Investment Style Details31/03/2025
Morningstar Style Box®
Equity Style
SizeRel to Cat
Average Mkt Cap (Mil)USD 58984-
Market Capitalisation% of Equity
Giant76.26
Large17.33
Medium6.41
Small0.00
Micro0.00
Valuations and Growth RatesEquity PortfolioRelative to Category
Price/Prospective Earnings12.300.79
Price/Book1.890.82
Price/Sales1.891.01
Price/Cash Flow6.120.65
Dividend-Yield Factor3.211.31
 
Long-Term Projected Earnings Growth7.520.79
Historical Earnings Growth4.910.74
Sales Growth8.851.47
Cash-Flow Growth9.040.93
Book-Value Growth9.691.31
 
Category: Other Equity
Asset Allocation31/03/2025
Asset Allocation
 % Long% Short% Net Assets
Stock99.430.0099.43
Bond0.000.000.00
Property0.000.000.00
Cash83.6983.600.09
Other0.880.400.48
World Regions31/03/2025
 % of EquityRelative to Category
United States0.000.00
Canada0.000.00
Latin America32.9524.87
United Kingdom0.000.00
Eurozone0.000.00
Europe - ex Euro0.000.00
Europe - Emerging0.000.00
Africa0.000.00
Middle East0.000.00
Japan0.000.00
Australasia0.000.00
Asia - Developed0.000.00
Asia - Emerging67.059.95
 
Category: Other Equity
Sector Weightings31/03/2025
 % of EquityRelative to Category
Basic MaterialsBasic Materials3.590.25
Consumer CyclicalConsumer Cyclical22.582.57
Financial ServicesFinancial Services28.251.73
Consumer DefensiveConsumer Defensive2.070.35
HealthcareHealthcare1.210.15
UtilitiesUtilities3.110.72
Communication ServicesCommunication Services13.151.97
EnergyEnergy12.553.52
IndustrialsIndustrials5.560.46
TechnologyTechnology7.940.47
 
Category: Other Equity
Top 10 Holdings31/03/2025
 Portfolio NEW
Total Number of Equity Holdings41
Total Number of Bond Holdings0
Assets in Top 10 Holdings45.00
NameSectorCountry% of Assets
Tencent Holdings Ltd308China7.26
Alibaba Group Holding Ltd Ordinary Sh... 102China6.24
Itau Unibanco Holding SA Participatin... 103Brazil4.48
Reliance Industries Ltd309India4.25
Petroleo Brasileiro SA Petrobras Part... 309Brazil4.09
BYD Co Ltd Class H102China4.06
Meituan Class B102China3.76
HDFC Bank Ltd103India3.69
Bharti Airtel Ltd308India3.58
Vale SA ADR101Brazil3.57
 
Increase Decrease New since last portfolio
Category: Other 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 Date04/07/2006
Fund Advisor(s)
HSBC Global Asset Management (UK) Ltd
Fund ManagerStephanie Wu
Manager Start Date04/08/2020
 
Biography
Stephanie Wu is a portfolio manager in the Global Emerging Markets Equity team within HSBC Global Asset Management in London and has been working in the financial industry since 1994. Stephanie is responsible for the Asian investments in HSBC Asset Management’s multi regional strategies including GEM and BRIC. She is also responsible for managing the EM High Conviction strategy. Prior to joining HSBC in 2006, Stephanie was a portfolio manager at Invesco Asset Management and F&C Asset Management where she was responsible for Asian Equities. Stephanie holds a BSc and MSc in Economics from the London School of Economics (UK).
Fees and Expenses
Sales Charges (Maximum) 
Max Initial Charge5.00%
Max Exit Charge*n/a
Annual Charges
Max Annual Management Charge1.50%
Ongoing Charge1.84%
Purchase Details
Minimum Investments
Initial5000  USD
Additional-
Savings-
Tax Free Savings Schemes
ISAsYes