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Contact details

HSBC Global Asset Management (UK) Limited, 1st Floor 78 St James''s Street, London, SW1A 1EJ
0800 181 890 (Broker Line)
08457 456 126 (Dealing)
020 7024 1990 (Fax Number)
0845 745 6123 (Investor Helpline)
020 7991 8888 (Main Number)

Fund managers

* Dr. Guy Morrell26-Nov-2007 to Present

Investment objectives

This Fund provides investors with the opportunity to broaden their allocation to property and achieve greater diversification. It offers three advantages. First, we take an active approach to geographical allocation. Property markets tend to be local markets, largely driven by local demand and supply factors. This means considering property on a global basis provides the potential for diversification. Second, we invest in funds that are exposed to both unlisted (direct) and listed property markets, as well as cash. Our active approach to asset allocation, blending funds that hold direct and listed property and taking a global perspective, provides the opportunity for superior risk-adjusted performance.Finally, as an experienced Multimanager team, we are able to select the best managers in each part of the market and access their specialist, local skills, thereby reducing the risk of investing in any one manager.

Key Information

Fund vs sector

  1y 3y
Position 16 / 51 15 / 46
Quartile 2 2

Fund ratings

FE Crown Rating: 4 FE Crown Rating


  1y 3y
Volatility 3.91 5.49
Alpha 3.81 0.07
Beta 1.10 1.47
Sharpe 3.02 1.36
Info Ratio 2.15 0.89
R2 0.68 0.58
Quartiles:   1  2  3  4   help with ratios
vs. Property»
performance chart
ACC +16.5+36.8+53.3+6.8+9.8-3.1+15.7
  PROPERTY   +10.8+24.0+36.2+4.3+7.4-1.8+11.8
Clean share class
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf HSBC OPEN GLOBAL PROPERTY A INST INC INC 131.20 (p) 19-Dec-2014 1.46 1.45% ASN8 B28PP61
pdf HSBC OPEN GLOBAL PROPERTY C INC INC 132.40 (p) 19-Dec-2014 1.82 1.35% G1GY B702WG4
pdf HSBC OPEN GLOBAL PROPERTY C ACC ACC 145.80 (p) 19-Dec-2014 1.79 1.35% G1GZ B84L7Q9
Other share classes
   Bid OfferDateYieldOCF help CiticodeSEDOL
pdf HSBC OPEN GLOBAL PROPERTY RET ACC ACC 144.10 (p) 19-Dec-2014 1.33 2.00% ASB0 B28PP16
pdf HSBC OPEN GLOBAL PROPERTY RET INC INC 131.10 (p) 19-Dec-2014 1.34 2.00% ASB1 B28PNY5

The Ongoing Charges Figure (OCF) shows the drag on performance caused by operational expenses associated with a fund.

Expenses which are represented by this figure include payments to the manager, the trustee the custodian and their representatives. The figure also includes registration, regulatory, audit and legal fees, and the costs of distribution.

Performance fees, transaction costs, interest on borrowing, costs associated with derivatives, entry and exit fees and soft commissions are not included in the OCF calculation, and should be factored in separately by the investor.

The OCF is calculated by taking the sum of these expenses incurred in the last 12 months and dividing this by the average net assets of that class for the last 12 months.

Total Expense Ratio (TER) is a formula designed to show the ongoing costs to the investor associated with a fund, including some charges which are not factored into the annual management fee. In addition the fund’s annual fee, charges such as trading fees, audit and legal fees, and operational expenses are included in the TER, which is worked out by dividing the total cost of the fund by its total assets to arrive at a percentage.

Unlike the Ongoing Charges Figure, the TER takes into account performance fees. It does not include transaction costs paid to the custodian.

Detailed fund information
Fund type flag UK Open Ended Investment Company (OEIC)
Own ISA wrapper Fund has ISA Wrapper help with ratios Fund size£130.7m / $204.2m (19-Dec-14)
Savings plan Fund has Savings Plan  Launch03-Sep-2012
Pricing times12:00 Daily Dealing frequencyDaily
Dealing timesn/a
Minimum initial£ 1,000,000
Minimum additional£ 1,000
Initial charge0.00%
Annual management charge0.55%
Note to chargesn/a
Trustee / DepositaryState Street Trustees Limited
RegistrarHSBC Investment Funds (UK) Ltd
Multi-ManagerUnfettered Fund of Funds
Dividend policyApr 16, Oct 16 (Final)
Peer groups
Region Asset Class Investment Focus Sector
Global Property *None Property
Largest holdings, 31-Oct-2014
Holding (%) Rank Fund factsheet Equity factsheet
M&G Property Portfolio 10.90 1 * -
HSBC MultiAlpha Global Real Estate Equity Fund 10.87 2 - -
Henderson UK Property Unit Trust 10.53 3 - -
iShares US Property Yield Fund 9.69 4 - *
SWIP Property Trust 9.17 5 - -
Henderson UK Property Class I 1.00 6 - -
Brookfield Investment Funds UC 1.00 7 - -
Schroder Global Property Securities Class A 1.00 8 * -
Legal & General UK Property Trust I 1.00 9 - -
SWIP Property Trust Class A 1.00 10 * -
Regional weightings, 31-Oct-2014
UK59.331 59.33% UK
North America23.572 23.57% North America
Asia Pacific8.833 8.83% Asia Pacific
Continental Europe4.874 4.87% Continental Europe
Cash 3.405 3.40% Cash

All prices in Pence Sterling (GBX) unless otherwise specified. Price total return performance figures are calculated on a bid price to bid price basis (mid to mid for OEICs) with net income (dividends) reinvested. Performance figures are shown in Sterling unless otherwise specified.

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Theo Jun 12th, 2011 at 06:28 PM

Caution: TER 2.16!!! I thought I might invest in this fund until I checked the TER. It will take 60% of the fund after 40 years plus any initial charge %age. I am not for fleecing.


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Asset allocation

Property Shares, 50.28%
50.2800% ofProperty Shares
Property, 46.32%
46.3200% ofProperty
Cash, 3.40%
3.4000% ofCash

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