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Important Risk Warning:
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  • 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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risk tolerance, according to the table below:
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Balanced Risk level: 2 - 3
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Speculative Risk level: 4 – 5
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HSBC Fund Code: U42367
HSBC ASIA EX JAPAN EQUITY SMALLER COMPANIES FUND (CLASS AD)       
HSBC Risk Level: 4
Offering Document: 
        
Investment Objective
The sub-fund aims to provide long term capital growth by investing in a portfolio of Asian (excluding Japan) smaller company equities, while promoting ESG characteristics within the meaning of Article 8 of SFDR. The sub-fund invests in normal market conditions a minimum of 90% of its net assets in equities and equity equivalent securities of companies which are domiciled in, based in, or carry out the larger part of their business activities in Asia (excluding Japan) including both developed markets and Emerging Markets. The sub-fund may also invest in eligible closed-ended Real Estate Investment Trusts (“REITs”). The sub-fund will invest a minimum of 70% of its net assets in equities and equity equivalent securities of smaller companies, which are defined as those in the bottom 25% by market capitalisation of the Asia ex Japan universe, which is a combination of the MSCI AC Asia ex Japan and the MSCI AC Asia ex Japan Small Cap.
Investment Strategy
HSBC investment category:
Asia Pacific ex Japan Equity
Investment type:
Equity Developed Market
Investment style:
Growth
Interest rate sensitivity:
-
Investment instrument:
Stock, Bond, Cash, Other
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 31-10-2024)
Asset allocation
Stock
Bond
Cash
Other
96.12%
0.03%
4.23%
-0.37%
Total number of equity holdings: 98
Total number of bond holdings : 0
Equity holdings geographical allocation
Equity holdings sector allocation
Top 10 holdings
Holding % of net asset
Stella International Holdings Ltd 2.34
PNB Housing Finance Ltd 1.94
KEI Industries Ltd 1.84
Gamuda Bhd 1.81
Asia Vital Components Co Ltd 1.72
Primax Electronics Ltd 1.65
Wasion Holdings Ltd 1.63
Lendlease Global Commercial REIT 1.59
Dayang Enterprise Holdings Bhd 1.55
PT Bank Negara Indonesia (Persero) Tbk Registered Shs Series -B- 1.54
% of asset in Top 10 holdings 17.61
Fund Performance
(as of 31-10-2024)
Fund: HSBC ASIA EX JAPAN EQUITY SMALLER COMPANIES FUND (CLASS AD)
Index: MSCI AC Asia Ex JPN Small Cap 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
  • 3.56
  • 31.89
  • 14.87
  • -28.03
  • 17.36
  • 11.52
  • 7.23
  • 26.20
  • 20.72
  • -20.35
  • 21.57
  • 10.03
Fund Price Information
(as of 03-12-2024)
Fund price movement is calculated on bid to bid/ NAV to NAV basis in fund class currency (USD ).
Indicative fund price:
  • NAV:
USD 77.09100
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
1.26%
52 week low-high:
USD 68.13900 - USD 83.55300
Fund price information is provided based on the latest fund trading date.
Dividend Information
(as of 30-11-2024)
Target distribution frequency:
Annually
Dividend yield:
1.11%
Last dividend paid (per unit):
USD 0.84151
Last ex-dividend date:
17-05-2024
Dividend yield is the dividend amount declared over the past twelve months as a percentage of the last month-end fund unit price, show in 2 decimal places. The amount of dividend may not be guaranteed by Fund House.
Fund Statistic
(as of 31-10-2024)
Annualised return:
-1.23%
Standard deviation:
15.70%
Sharpe ratio:
-0.26
Alpha:
-3.87
Beta:
0.92
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
Alpha & Beta: Morningstar Asia Limited Used MSCI AC Asia Ex JPN Small Cap NR USD as the benchmark index for calculation
Fees and Charges
Initial charge:
4.5%
Annual management fee (maximum):
1.5%
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:
USD
Fund class inception date:
24-11-1997
Fund size (Million):
USD 459.11
(as of 25-07-2024)
Fund manager
(Start date):
Ka WaiElina Fung (01-07-2012)
Man ChungAlex Kwan (01-07-2012)
Fund house:
HSBC Global Asset Management (Hong Kong) Limited
Morningstar Rating:

(as of 31-10-2024)
Other fund classes available with HSBC:
Nil
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Disclaimers:


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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