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Important Risk Warning:
  • Investors should not only base on content below alone to make investment decisions. Investors should refer to fund's offering documents and read carefully the summary of the key features and risks specific to this fund stated in the fund factsheet prepared by the relevant fund house, before making any investment decision.
  • Unit Trusts are investment products and some may involve derivatives. The investment decision is yours but you should not invest in the Unit Trusts unless the intermediary who sells it to you has explained to you that the product is suitable for you having regard to your financial situation, investment experience and investment objectives.
  • Unit Trusts are NOT equivalent to time deposits.
  • Investment involves risks. Past performance is no guide to future performance of the funds. Value of the investments and the income/dividend generated can fluctuate and is not guaranteed.
  • In the worst case scenario, the value of the unit trusts may be worth substantially less than the original amount you have invested (and in an extreme case could be worth nothing).
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You may consider funds with risk level commensurate with your investment
risk tolerance, according to the table below:
Risk tolerance Funds with risk level commensurate
Very Cautious Risk level: 1
Cautious Risk level: 1 - 2
Balanced Risk level: 2 - 3
Adventurous Risk level: 3 – 4
Speculative Risk level: 4 – 5
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HSBC Fund Code: U63120
BLACKROCK GLOBAL FUNDS – CIRCULAR ECONOMY FUND (CLASS A2-EURH-ACC)       
HSBC Risk Level: 3
Offering Document: 
        
Investment Objective
The Fund seeks to maximise total return. The Fund invests at least 80% of its total assets in the equity securities of companies globally that benefit from, or contribute to, the advancement of the “Circular Economy”. Although the intention is to invest only in such equity securities, up to 20% of the total assets of the Fund may be invested in other equity securities, fixed income securities, collective investment schemes or cash (which may not be consistent with the Circular Economy concept) for the purposes of meeting the Fund’s objective or for liquidity purposes. The Circular Economy concept recognises the importance of a sustainable economic system and represents an alternative economic model to the default “make-use-throw away” approach of consumption, which is believed to be unsustainable given scarce resources and the rising cost of managing waste.
Investment Strategy
HSBC investment category:
ESG - Environmental Social and Governance
Investment type:
ESG - Environmental Social and Governance
Investment style:
Growth
Interest rate sensitivity:
-
Investment instrument:
Stock, Bond, Cash
Investment style is only applicable for funds that invest in equities. Interest rate sensitivity is only applicable for funds that invest in fixed income product.
Fund Portfolio
(as of 31-08-2024)
Asset allocation
Stock
Bond
Cash
Other
97.94%
0.04%
2.02%
0.00%
Total number of equity holdings: 40
Total number of bond holdings : 5
Top 10 holdings
Holding % of net asset
Republic Services Inc 5.02
Coca-Cola Europacific Partners PLC 4.12
Avery Dennison Corp 3.92
Thermo Fisher Scientific Inc 3.90
Copart Inc 3.62
L'Oreal SA 3.40
Microsoft Corp 3.30
Schneider Electric SE 3.23
Graphic Packaging Holding Co 3.17
Dassault Systemes SE 2.96
% of asset in Top 10 holdings 36.64
Fund Performance
(as of 30-09-2024)
Fund: BLACKROCK GLOBAL FUNDS – CIRCULAR ECONOMY FUND (CLASS A2-EURH-ACC)
Index: Morningstar Global TME NR USD
Fund indexed performance (initial value =100%). Performance statistics are based on bid to bid/ NAV to NAV prices of the fund with dividend reinvested, in USD
  • 2019
  • 2020
  • 2021
  • 2022
  • 2023
  • YTD
  • -
  • -
  • 8.78
  • -34.19
  • 16.22
  • 9.60
  • 26.44
  • 15.83
  • 18.57
  • -18.04
  • 22.14
  • 18.58
The 2021 return only represent the fund’s performance from its inception date to the end of the inception year
Fund Price Information
(as of 07-10-2024)
Fund price movement is calculated on bid to bid/ NAV to NAV basis in fund class currency (EUR ).
Indicative fund price:
  • NAV:
EUR 9.48000
  • Bid:
EUR 9.48000
  • Offer:
EUR 9.48000
Change vs previous trading day:
-0.21%
52 week low-high:
EUR 7.62000 - EUR 9.79000
Fund price information is provided based on the latest fund trading date.
Fund Statistic
(as of 30-09-2024)
Annualised return:
-4.06%
Standard deviation:
23.49%
Sharpe ratio:
-0.22
Alpha:
-
Beta:
-
Fund statistics are calculated by using 3 years historical data, and are not calculated for fund which is less than 3 years old.
Sharpe ratio: Morningstar Asia Limited used the USTREAS T-Bill Auction Ave 3 Mon as the risk free factor for calculation
Fees and Charges
Initial charge:
-
Annual management fee (maximum):
-
Distribution fee:
-
Maintenance fee:
-
Redemption fee:
-
Performance fee:
Highest contingent deferred sales charge:
-
Switching Fee:
-
Switching transactions placed through HSBC are subject to 1% switching charge which is charged by HSBC, except switching transaction within the ‘No Subscription Fee Series’ across fund houses is free of charge.
For the ‘No Subscription Fee Series’ , an administration fee of 1% and a distribution fee of 1% - 1.25% p.a. may apply.
The listed information may not cover all the fees and charges imposed on a fund. Please refer to the respective offering documents of the fund for details of relevant fees and charges.
Other Fund Information
Fund class currency:
EUR
Fund class inception date:
10-03-2021
Fund size (Million):
USD 1,312.53
(as of 30-09-2024)
Fund manager
(Start date):
Evy Hambro (02-10-2019)
Olivia Markham (02-10-2019)
Sumana Manohar (02-10-2019)
Fund house:
BlackRock (Hong Kong) Limited
Morningstar Rating:

Other fund classes available with HSBC:
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The information in this website relating to Unit Trusts are provided by Morningstar Asia Limited (“Information Provider”) to The Hongkong and Shanghai Banking Corporation Limited (the “Bank”) unless otherwise specified. For technical reasons, certain information provided by Information Provider may be different from that supplied by the respective fund houses. Neither the Information Provider nor the Bank guarantee or endorse the accuracy, reliability and completeness of the information provided by the Information Provider or that it is up-to date, and that such information has not been independently verified by the Bank. The Bank disclaims liability for any errors, omissions or inaccuracies in the information provided in this website. The Bank also disclaims liability for any loss or damages resulting from the use of information contained herein, or the inability to use such information or in connection with any error, interruption, delay in operation or incomplete transmission, line or system failure. The information contained herein is solely for personal and non-commercial use and for reference only, and the information are not intended to provide professional advice nor is HSBC, in providing such information intended to be advising on Unit Trust. The information contained in this website is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribed for any Unit Trusts or other investments or products or deposit. The information contain herein may not be copied or re-distributed by any means.


Investment involves risks. Past performance is no guide to future performance of the funds. The value of investments and the income from them can fluctuate and is not guaranteed. Please refer to the offering documents of the respective funds for details, including risk factors. This website has not been reviewed by the Securities and Futures Commission. The information contained on this website is intended for Hong Kong residents only and should not be construed as a distribution, an offer to sell, or a solicitation to buy any securities in any jurisdiction where such activities would be unlawful under the laws of such jurisdiction, in particular the United States of America. You should refer to the website disclaimers for further important details.


The Fund Risk Level stated in this website is determined according to the historical volatility of the fund or, where appropriate, the historical volatility of a comparable market index or comparable fund. You should refer to the detailed definition of fund risk level here.
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