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The Fund invests mainly in Asian equities (excluding Japan).
The Fund is subject to the risks of investing in emerging markets.
The Fund may invest in onshore Chinese securities through various market access schemes and China A-shares Access Products. Such investments involve additional risks, including the risks associated with China’s tax rules and practices.
The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value.
The Fund’s investments may involve equity market, currency, volatility, liquidity, equity linked notes, geographic concentration risks, risk associated with small/mid capitalisation companies, China A-shares/B-shares and China A-share access products, mainland china market, tax and political risks. Investors may suffer substantial loss of their investments in the Fund.
Investors should not invest solely based on factsheet and should read the offering documents for details.
HSBC GIF Asia ex Japan Equity Smaller Companies
The Fund invests mainly in Asian smaller company equities (excluding Japan).
The Fund is subject to the risks of investing in emerging markets and small/mid capitalisation companies.
The Fund may invest in onshore Chinese securities through various market access schemes and China A-shares Access Products. Such investments involve additional risks, including the risks associated with China’s tax rules and practices.
The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value.
The Fund’s investments may involve currency, volatility, liquidity, equity market, equity linked notes, geographic concentration, China A-shares/B-shares and China A-share access products, mainland china market, tax and political risks. Investors may suffer substantial loss of their investments in the Fund.
Investors should not invest solely based on factsheet and should read the offering documents for details.
HSBC GIF Asia Pacific ex Japan Equity High Dividend
The Fund invests mainly in Asian Pacific equities (excluding Japan).
The Fund is subject to the risks of investing in emerging markets.
The Fund may invest in onshore Chinese securities through various market access schemes and China A-shares Access Products. Such investments involve additional risks, including the risks associated with China’s tax rules and practices.
The Fund may pay dividends out of capital or gross of expenses. Dividend is not guaranteed and may result in capital erosion and reduction in net asset value.
The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value.
The Fund’s investments may involve currency, volatility, liquidity, equity market, equity linked notes, geographic concentration risks, risk associated with small/mid capitalisation companies, China A-shares/B-shares and China A-share access products mainland china market, tax and political risks. Investors may suffer substantial loss of their investments in the Fund.
Base Currency Hedged Share Classes or RMB denominated class are subject to higher currency and exchange rate risks.
Investors should not invest solely based on factsheet and should read the offering documents for details.
HSBC Evolving Asia Equity Fund
The Fund mainly invests in equities in Asia Pacific region (excluding Japan) which positioned to benefit from one or more themes. Themes will be derived from three mega trends (aging population, technological innovation and societal change) that have capacity to change the social, economic and political landscape in the Asia Pacific region (excluding Japan) over the long term.
The Fund may invest in onshore Mainland China market through Stock Connect, China A-shares /B-shares and China A-shares Access Products. Such investments involve additional risks, including the risks associated with China’s tax rules and practices, RMB conversion and currency risks.
The Fund may invest in stocks listed on the ChiNext Board of the Shenzhen Stock Exchange and/or the Science and Technology Innovation Board of the Shanghai Stock Exchange which may be subject to additional liquidity, volatility, overvaluation, delisting and concentration risks.
The Fund may focus its investments in specific themes and may increase concentration risk.
The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value.
The Fund’s investments may involve substantial credit, currency, volatility, liquidity, equity market, geographical concentration, emerging market risks, risk associated with small/mid-capitalisation companies, investment strategy, interest rate, tax and political risks. Investors may suffer substantial loss of their investments in the Fund.
Investors should not invest solely based on factsheet and should read the offering documents for details.
In 2022 global investors are faced with a new set of challenges including slower growth, monetary policy tightening and lower asset returns even as the pandemic persists amidst the emergence of new Covid variants and geopolitical risks are heightened. Against this backdrop, Asian markets offer pockets of investment opportunities, supported by faster economic growth when compared with developed markets and attractive earnings and valuation profiles. Asian equities, in particular, stand out in this environment after being unloved in 2021.
In the coming years we see Asia leading global growth and cementing its position as a greener and more technologically advanced economic powerhouse amidst demographic shifts, policy reforms and rising innovation. However, Asian assets continue to be underrepresented in global portfolios, a situation that is ripe for change. At HSBC Asset Management, we have been helping our clients navigate various market cycles and connecting them, for decades, to underexplored opportunities in the region – catalysing the inevitable transition to Asia.
Video: An optimal income solution for the rising rate environment
Asian Equity High Dividend: An optimal income solution for the rising rate environment
Watch this video and find out our overall outlook of Asian equities for the rest of the year.
Focus on Asian equities
Asian economies continue to strengthen
We see Asia’s growth recovery strengthening in 2022, enabling a virtuous and sustainable economic cycle in the region
In contrast to the tightening cycles in developed markets, China is on the easing path and its policy tilt is expected to be the key driver of the regional recovery
Finally, Asia’s stronger footing, underpinned by its exports, capex and productivity growth, can help the region weather exogenous shocks
Asian economies gain strength on exports, capex & productivity
Source: Refinitiv, HSBC Asset Management, January 2022. For India, the year runs from 1 April to 31 March the following year.
Any views expressed were held at the time of preparation and are subject to change without notice. Past performance is not a reliable indicator of future performance. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Asset Management accepts no liability for any failure to meet such forecasts, projections or targets. For illustrative purpose only.
Asia expected to lead 2022 earnings growth
Asia ex-Japan equities are trading at discount to their US and European counterparts, while providing higher earnings growth
Forecasted earnings growth for Asia ex-Japan equities averages 11.2% in 2022, compared with 7.3% and 2.7% for US and European equities for the same period
At a country level, China stands out within the region as the only economy where policy is easing, which should provide a buffer against the rate tightening cycles elsewhere
Asian equities offer higher EPS growth at less demanding valuations
Source: Refinitive, HSBC Asset Management, January 2022.
Any views expressed were held at the time of preparation and are subject to change without notice. Past performance is not a reliable indicator of future performance. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Asset Management accepts no liability for any failure to meet such forecasts, projections or targets. For illustrative purpose only.
Pandemic-induced digital acceleration
Tipping point - The pandemic has fast-tracked the adoption of the technology in Asia with an increasing number of consumers moving to online channels, accelerating the digital transformation of business models and the supply chain in the region. Innovation and manufacturing prowess in high tech space have also been significantly upgraded amidst the rising need for technological self-sufficiency.
Digital adoption - In Asia, the advent of the 5G mobile technology is supported by its highly adaptable digital consumer base and government investments in “new infrastructure”, including autonomous driving, advanced healthcare, fintech and the Internet of Things (IoT). Amidst multiple driving forces, 5G subscriptions in region are expected to rise rapidly to about 1.2 billion in 2024, from less than 50 million in 2020.
Secular trend - In addition to the rise of 5G, Taiwan and Korea are home to some of the world’s largest and leading hardware and semiconductor manufacturers. These export-driven economies will likely continue to benefit from the secular trend of digitalisation – an important investment theme that could generate alpha for investors for years to come.
Asia-Pacific: 5G subscriptions (2019-2024)
Source: GlobalData’s 2020 forecast. The information provided does not constitute any investment recommendation in the above mentioned asset classes, indices or currencies. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Asset Management accepts no liability for any failure to meet such forecast, projection or target. For illustrative purpose only.
Why consider HSBC’s Asian equity capabilities
Note: Representative overview of the investment process, which may differ by product, client mandate or market conditions.
The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Past performance is not a reliable indicator of future performance. Any views and opinions expressed are subject to change without notice. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. We accept no liability for any failure to meet such forecast, projection or target. This page is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive it. Any views and opinions expressed are subject to change without notice. This document does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the solicitation of an offer to purchase or subscribe to any investment"
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Terms and conditions
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Important information
The Funds invest in various investments, such as equities, bonds, money market instruments, collective investment schemes and alternative investments. Each fund has a different investment objective and risk profile.
The Funds may subject to the risks of investing in emerging markets and smaller companies; and may subject to the concentration risks when the investments are concentrated in one or a small number of markets or sectors.
The Funds may invest in non-investment grade bonds, unrated bonds, contingent convertible securities, mortgage backed securities, asset backed securities and urban investment bonds issued by PRC local government financing vehicles (LGFVs) which are subject to additional risks and volatility.
The Funds may have substantial investments in securities issued by a single sovereign issuer (including but not limited to issuer with a non-investment grade credit rating) and are subject to higher concentration risk, sovereign risk and credit risk.
The Funds may gain exposure to hedge fund, absolute return strategy, private equity, real estate sector and Real Estate Investment Trust (REIT) which are subject to additional risks and volatility.
The Funds may invest in onshore Chinese securities through various market access schemes and China A-shares Access Products. Such investments involve additional risks, including the risks associated with China's tax rules and practices.
When investing in Indian bonds, the Funds may need to comply with the licensing regulations in India and may subject to additional risks, including quota restrictions and tax risks.
The Funds may invest in other funds and need to bear the underlying funds' fees and expenses on top of the Funds' own fees and expenses.
The Funds may invest in financial derivative instruments for investment purpose which may lead to higher volatility to their net asset value.
The Funds may pay dividends out of capital or gross of expenses. Dividend is not guaranteed and may result in capital erosion and reduction in net asset value.
Because the Funds' base currency, investments and classes may be denominated in different currencies, investors may be affected adversely by exchange controls and exchange rate fluctuations. There is no guarantee that the currency hedging strategy applied to the relevant classes will achieve its desired result.
Investing in money market funds are not the same as placing funds on deposit with a bank or deposit taking company. The Funds which are money market funds have no obligation to redeem units at their offering value and such Funds are not subject to the supervision of the Hong Kong Monetary Authority. Investors may not recoup the original amount invested in the Funds.
The Funds' investments may involve substantial credit, currency, volatility, liquidity, interest rate, tax and political risks. Investors may suffer substantial loss of their investments in the Funds.
The Funds are NOT equivalent to time deposits. Investors should not invest in the Funds solely based on the information provided herein and should read the offering document of the Fund for details.
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We see Asia’s growth recovery strengthening in 2022, enabling a virtuous and sustainable economic cycle in the region
