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HSBC Collective Investment Trust - HSBC Asia Multi-Asset High Income Fund

Important Information

  • The Fund invests mainly in Asian equities, bonds and other related investments
  • The Fund is subject to the risks of investing in emerging markets
  • The Fund’s investments are concentrated in Asia Pacific region and may be more volatile and susceptible factors affecting Asia Pacific region
  • Debt instruments with loss-absorption features, non-investment grade bonds and unrated bonds are subject to additional risks and volatility
  • 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, Chinese debt risk, RMB conversion and currency risks
  • The Fund is subject to asset allocation and investment strategy risk. The investments of the Fund may be periodically rebalanced and therefore the Fund may incur greater transaction costs. The asset allocation strategy balancing investment opportunity and downside risk may not achieve the desired results
  • The Fund may invest in other collective investment schemes, and needs to bear the underlying funds’ fees and expenses on top of the Fund’s own fees and expenses
  • Because the Fund’s 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
  • The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value
  • The Fund may pay dividends/payouts out of capital or gross of expenses. Dividend/payout is not guaranteed and may result in capital erosion and reduction in net asset value. Payout paying classes may make payment out of capital over a long period of time, and may result in a substantial or complete capital erosion over the long term
  • The Fund’s investments may involve substantial credit, equity market risk, currency, volatility, liquidity, interest rate, valuation, sovereign debt, risks of small/mid capitalisation companies, risks associated with CIBM and Bond Connect, tax and political risks. Investors may suffer substantial loss of their investments in the Fund
  • Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this document and should read the offering document of the Fund for details

Enrich your portfolio with multiple income streams from Asia

Asian equities are attractively valued and offer a source of potential growth and dividend income amid the global low-inflation and low-rate environment

Dividend growth expectations for Asian equities remain relatively resilient amidst big cuts in other emerging markets and Europe

Asian equities

Source: HSBC Global Asset Management, Bloomberg, as of September 2020. Data is based on Asian equity dividend expectations for the respective markets. For illustrative purpose only. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Global Asset Management accepts no liability for any failure to meet such forecast, projection or target.

Asian high yield bonds are providing more attractive potential yields with shorter duration versus other markets

The relatively stable historical performance of Asian high yield bonds offers investors the potential to improve income and balance the volatility of equity holdings in the overall portfolio

Asian high yields

Source: JP Morgan, BAML, as of 30 November 2020. Investment involves risks. Past performance is not indicative of future performance. US HY Corporate – ICE Bofa US High Yield Index; Euro HY Corporate – ICE BofA Euro High Yield Index; Asia HY Corporate – JP Morgan Asia Credit Corporate Index Noninvestment Grade; EM HY Corporate – JP Morgan Corporate Emerging Markets Bond Broad Diversified Index Noninvestment Grade.

Valuation discount has been seen in the Asian real estate sector versus the Asian stock markets due to recent corrections amid COVID-19. This creates a good investment opportunity in the asset class

The lower-for-longer interest rate environment together with attractive valuations would support the Asian real estate sector

Asian real estate

Source: Bloomberg, as of October 2020. Past performance is not indicative of future performance.

 

Asia multi-asset high income – lower, no longer

Asia multi-asset high income - lower, no longer

Fund features

Ways to enhance your income from stocks

Resources

  • Why should consider the Fund?

    Why should consider the Fund?

    Podcast

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Fund information

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    Disclaimer
    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. Any forecast, projection or target where provided is indicative only and is not guaranteed in any way. HSBC Global Asset Management (Hong Kong) Limited (“AMHK”) accepts no liability for any failure to meet such forecast, projection or target. AMHK has based this document on information obtained from sources it reasonably believes to be reliable. However, AMHK does not warrant, guarantee or represent, expressly or by implication, the accuracy, validity or completeness of such information. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for further details including the risk factors. This document has not been reviewed by the Securities and Futures Commission. Copyright © HSBC Global Asset Management (Hong Kong) Limited 2021. All rights reserved. This document is issued by HSBC Global Asset Management (Hong Kong) Limited.