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HSBC GIF Global Securitised Credit Bond

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Important Information

HSBC Global Investment Funds – Global Securitised Credit Bond

  1. The Fund invests in a portfolio focused on the intersection (the Crossover) between investment grade and non-investment grade rated securitised credit which comprises asset backed securities, commercial mortgage backed securities, collateralised loan obligations and residential mortgage backed securities.
  2. Asset backed securities and mortgage backed securities may be highly illiquid and prone to substantial price volatility and may be subject to additional risks.
  3. 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.

...more

  1. The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value.
  2. The Fund’s investments may involve investment, volatility, liquidity, debt securities, geographic concentration, non-investment grade and unrated debt securities, currency, tax and political risks. Investors may suffer substantial loss of their investments in the Fund.
  3. Portfolio Currency Hedged Share Classes or RMB denominated class are subject to higher currency and exchange rate risks.
  4. Investors should not invest solely based on this page and should read the offering page for details including risk factors.

Why now for securitised credit?

Guard against market volatility

Resilience amid economic slowdown

Invest for income

The views expressed above were held at the time of preparation and are subject to change without notice. Any forecast, projection or target where provided is indicative only and not guaranteed in any way. HSBC Asset Management accepts no liability for any failure to meet such forecast, projection or target.


Insights from our experts

Hear from Andrew Jackson, Head of Securitised Credit and Paul Mitchell, Senior Fixed Income Specialist on the compelling investment case for allocating to Securitised Credit, what's happening in the market right now and what to expect going forward.

Watch the podcast


HSBC GIF Global Securitised Credit Bond

Full spectrum of securitised credit universe
Full spectrum of securitised creadit universe - Flexibly invests across rating, region and sectors within the securitised credit universe for opportunities
Flexibly invests across ratings, regions and sectors within the securitised credit universe for opportunities
Higher income and capital growth potential
Higher income and capital growth potential - Mainly invests in BBB tranches which offer higher spreads and capital appreciation potential
Mainly invests in BBB1 tranches which offer higher spreads and capital appreciation potential
Floating rate nature

Floating rate nature - Holding securities are mainly with floating rates, which reduce portfolio duration
Holding securities are mainly with floating rates, which reduce portfolio duration
Monthly income potential

Aims to offer monthly dividend, latest at 7.72%<sup>2</sup> (Class AM2, annualised dividend yield, dividend is not guaranteed and may be paid out of capital refer to Important Information 3
Aims to offer monthly dividend, latest at 7.68%2 (Class AM2, annualised dividend yield, dividend is not guaranteed and may be paid out of capital refer to Important Information 3)

Source: HSBC Asset Management, May 2025. For illustrative purpose only.
1. Source: HSBC Asset Management, as of 30 Apr 2025
2. As of 30 Apr 2025. Dividend is not guaranteed and may be paid out of capital, which will result in capital erosion and reduction in net asset value. A positive distribution yield does not imply a positive return. Past distribution yields and payments do not represent future distribution yields and payments. Historical payments may be comprised of both distributed income and capital. The calculation method of annualised yield is the compound yield calculation: ((1 + (dividend amount / ex-dividend NAV)) ^12) -1. The annualised dividend yield is calculated based on the dividend distribution on the relevant date with dividend reinvested and may be higher or lower than the actual annual dividend yield.

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Disclaimer
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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