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Very Cautious Risk level: 1
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Balanced Risk level: 2 - 3
Adventurous Risk level: 3 – 4
Speculative Risk level: 4 – 5
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HSBC Fund Code: U63193
BLACKROCK GLOBAL FUNDS-NEXT GENERATION TECHNOLOGY FUND(A2-USD-ACC)       
HSBC Risk Level: 5
Offering Document: 
        
Investment Objective
The Fund seeks to maximise total return and invest in a manner consistent with the principles of environmental, social and governance (“ESG”) investing. The Fund invests at least 70% of its total assets in the equity securities of companies globally whose predominant economic activity comprises the research, development, production and/or distribution of new and emerging technology.
Investment Strategy
HSBC investment category:
Specialised Sector Equity
Investment type:
Single Sector Equities
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 31-08-2024)
Asset allocation
Stock
Bond
Cash
Other
96.56%
0.02%
0.99%
2.43%
Total number of equity holdings: 78
Total number of bond holdings : 5
Top 10 holdings
Holding % of net asset
NVIDIA Corp 9.49
Synopsys Inc 3.42
SK Hynix Inc 2.81
ASM International NV 2.69
Monolithic Power Systems Inc 2.44
MercadoLibre Inc 2.38
Pure Storage Inc Class A 2.27
Spotify Technology SA 2.21
Informa PLC 2.14
Wolters Kluwer NV 2.10
% of asset in Top 10 holdings 31.95
Fund Performance
(as of 31-08-2024)
Fund: BLACKROCK GLOBAL FUNDS-NEXT GENERATION TECHNOLOGY FUND(A2-USD-ACC)
Index: Morningstar Gbl Tech 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
  • 47.91
  • 115.25
  • 1.55
  • -50.76
  • 32.56
  • 9.85
  • 43.84
  • 47.08
  • 31.04
  • -32.53
  • 54.15
  • 23.28
Fund Price Information
(as of 16-09-2024)
Fund price movement is calculated on bid to bid/ NAV to NAV basis in fund class currency (USD ).
Indicative fund price:
  • NAV:
USD 17.74000
  • Bid:
-
  • Offer:
-
Change vs previous trading day:
-0.34%
52 week low-high:
USD 13.52000 - USD 20.07000
Fund price information is provided based on the latest fund trading date.
Fund Statistic
(as of 31-08-2024)
Annualised return:
-12.26%
Standard deviation:
28.21%
Sharpe ratio:
-0.45
Alpha:
-22.73
Beta:
0.98
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 Morningstar Gbl Tech TME NR USD as the benchmark index 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:
USD
Fund class inception date:
04-09-2018
Fund size (Million):
USD 2,513.74
(as of 30-08-2024)
Fund manager
(Start date):
Tony Kim (04-09-2018)
Reid Menge (01-06-2020)
Caroline Tall (22-09-2022)
Fund house:
BlackRock (Hong Kong) Limited
Morningstar Rating:

(as of 31-08-2024)
Other fund classes available with HSBC:
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