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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. This document is for information only and is not an investment recommendation, research, or advice. It does not have regard to the specific investment objectives, financial situation, or needs of any specific person. Investors and potential investors should not invest in any of the products mentioned solely based on the information provided in this document and should read the offering documents (including the risk warnings), before investing. You should seek advice from a financial adviser. Investment involves risk. The information presented is historical information. Past performance of the managers and the funds, and any forecasts on the economy, stock or bond market, or economic trends that are targeted by the funds, are not indicative of future performance. The value of the units of the funds and income accruing to them, if any, may fall or rise and investor may not get back the original sum invested. Changes in rates of currency exchange may affect significantly the value of the investment. HSBC Asset Management (Singapore) Limited (“AMSG”) has based this document on information obtained from sources it reasonably believes to be reliable. However, AMSG does not warrant, guarantee or represent, expressly or by implication, the accuracy, validity or completeness of such information. This advertisement has not been reviewed by the Monetary Authority of Singapore.

Risk Warning
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.