HSBC Global Investment Funds – Singapore Dollar Income Bond Fund

• The Fund invests in normal market conditions a minimum of 90% of its net assets in:
• Singapore Dollar denominated Investment Grade and Non-Investment Grade rated fixed income, unrated fixed income and other similar securities issued or guaranteed by governments, government agencies or supranational bodies or issued by companies.
• Investment Grade and Non-Investment Grade rated fixed income, unrated fixed income and other similar securities which are denominated in non-SGD currencies and hedged to SGD. These securities will primarily be issued or guaranteed by governments, government agencies or supranational bodies in Asia or issued by companies which are domiciled in, based in, or carry out the larger part of their business in Asia.
• It is expected that the Fund's primary currency exposure will be to the SGD. The Fund may have exposure to non-SGD currencies, including developed market and Emerging Market currencies, which will be hedged into SGD. Investors may be affected adversely by exchange controls and exchange rate fluctuations.
• The Fund's unit value can go up as well as down, and any capital invested in the Fund may be at risk.
• The Fund invests in bonds whose value generally falls when interest rates rise. This risk is typically greater the longer the maturity of a bond investment and the higher its credit quality. The issuers of certain bonds, could become unwilling or unable to make payments on their bonds and default. Bonds that are in default may become hard to sell or worthless.
• The Fund may invest in Emerging Markets, these markets are less established, and often more volatile, than developed markets and involve higher risks, particularly market, liquidity and currency risks.
• Derivatives may be used by the Fund, and these can behave unexpectedly. The pricing and volatility of many derivatives may diverge from strictly reflecting the pricing or volatility of their underlying reference(s), instrument or asset. 
• Investment Leverage occurs when the economic exposure is greater than the amount invested, such as when derivatives are used. A Fund that employs leverage may experience greater gains and/or losses due to the amplification effect from a movement in the price of the reference source. 
• Further information on the Fund's potential risks can be found in the Key Investor Information Document and Prospectus.
  
   

• Singapore dollar bonds offer returns with much less volatility versus equities

Source: Markit, Bloomberg, data as of 29 October 2020. Investment involves risks. Past performance is not indicative of future performance. For illustrative purpose only and does not constitute investment advice.

Past performance 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 SGD bond market has grown over the years to reach SGD 489 billion (USD358 billion)
• It is primarily dominated by sovereign bonds, quasi-sovereigns as well as bank and real estate corporates
• SG sovereign bonds offer higher yields compared to other developed markets

Source: JPMorgan, Bloomberg HSBC Asset Management, data as of 13 November 2020. Credit rating is presented as Moody's /S&P
Investment involves risk. Past performance is not indicative of future performance. For illustrative purposes only

Past performance 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.

• Singapore as a country offers investors solid macro fundamentals such as political and economic stability backed by strong monetary policies
• The country holds official foreign exchange reserves of over USD350 billion, the 11th highest FX reserves in the world¹
• The Singapore Government also provides a investor-friendly framework and Foreign investment in Singapore’s bond market is unrestricted

Source: Monetary Authority of Singapore Official Foreign Reserves. Data is as of 7 December 2020.