Manager: HSBC Investments
Initial Charge: 4%
AMC: 1.25%
TER: 2.49%
Launch Date: 30 November 2006
IMA Sector: Balanced Managed
Aim: The HSBC Open Global Return Fund aims to provide a high level of income by investing in a broad range of asset classes across global markets. The fund employs strategic asset allocation based on the Yale endowment model with a tactical asset allocation overlay that is rebalanced on a monthly basis in light of market conditions. The fund is not constrained by any particular benchmark, with the aim being to provide consistent returns with minimal volatility.
Commentary: The HSBC Open Global Return Fund has a fund of funds structure that is managed by HSBC Investments’ multimanager team. Since inception the HSBC Open Global Return Fund has been within the first quartile within the IMA Balanced Managed sector. The Fund has achieved a year to date return of 0.28% against a sector average of -2.03%.
The HSBC Open Global Return Fund is a multi-asset fund of funds solution that is designed to provide a well diversified investment in a broad range of asset classes. The Fund has a capital growth objective and a multi-asset approach. The Fund is diversified both globally and across a range of asset classes, with no inherent bias to the UK or stock market based investments. HSBC believe that the Fund’s geographic and asset class diversification will reduce the average risk over time when compared to the more common approach of less diversified funds that have a UK bias.
