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HSBC GIF Euro Credit Bond AC EUR

Ranked 26 out of 29 in - Euro Corporates over 36 months
All calculations are in EUR unless stated

Managed by

Jean-Olivier Neyrat

Born in France in 1966, Jean-Olivier Neyrat graduated in engineering from ENESTA ParisTech. He began his career at Dresdner in Paris as an analyst and trader, and transferred to their London office as a credit market maker. In 2000, he returned to Paris in the same capacity at Crédit Lyonnais, remaining there through their acquisition by Crédit Agricole. Before joining HSBC in 2007, he worked for four years as a credit trader with Elgin Capital in London. Now at HSBC, Jean-Olivier employs an active strategy in the European investment-grade bond sector, focusing on credit strengths and risk-premium fundamental research, with a top-down overview. His strategy, which includes cash and a 30% derivative weighting to manage the duration of the fund, aims to perform in all market conditions.

Erwan Ollivier

Objective

The sub-fund invests for total return primarily in a diversified portfolio of Investment Grade rated fixed income (e.g. bonds) and other similar securities denominated in Euro. The sub-fund will seek to invest primarily in Euro denominated Investment Grade corporate issues whilst reserving the possibility of investing in securities issued or guaranteed by governments government agencies and supranational bodies. The sub-fund may also invest in financial derivative instruments such as futures options swaps (including but not limited to credit default swaps and Total Return Swaps) and forward currency contracts and in other currency and credit derivatives.

Showing fund performance in Ireland View performance globally

Performance

Euro Corporates over : 31/08/2015 - 31/08/2018
  • Rank 26/29 Total Return
  • Rank 7/29 Standard Deviation
  • Rank 19/29 Max Drawdown
Fund Name Currency Risk
5 PIMCO GIS Euro Credit Inst EUR Acc EUR

2.4

6 Robeco Euro Sustainable Credit DH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

2.4

7 HSBC GIF Euro Credit Bond AC EUR EUR

2.4

7 BGF Euro Corporate Bond A2 EUR EUR

2.4

9 Robeco Euro Credit Bonds DH EUR

Currency exposure is hedged

Currency exposure is hedged

EUR

2.5

Total Return

Quarterly Performance

to 30/06/2018 Annual Q1 Q2 Q3 Q4
2018 -1.0% -1.0%
2017 2.3% 0.5% 0.5% 0.7% 0.7%
2016 3.3% 1.6% 1.2% 1.6% -1.1%
2015 -0.6% 1.8% -3.4% -0.4% 1.5%
2014 7.7% 2.0% 2.4% 1.6% 1.5%
2013 3.1% -0.2% -0.4% 1.9% 1.8%
2012 18.2% 7.0% 0.9% 5.0% 4.3%
2011 0.9% 1.0% 0.9% -3.7% 2.8%
2010 4.8% 4.1% -1.0% 4.1% -2.3%
2009 21.4% -1.8% 11.4% 8.9% 1.9%
2008 -9.7% -1.7% -0.5% -3.0% -4.7%
2007 -1.8% 0.6% -1.3% -0.6% -0.4%
2006 -0.3% -1.6% -0.7% 2.3% -0.2%
2005 3.5% 0.6% 2.7% 0.8% -0.7%
2004 6.2% 2.1% -1.1% 2.8% 2.4%
2003 0.5% 0.4%

Month by Month Performance

Returns Vs Risk

Asset Allocation

Breakdown

31/07/2018

Top 10 Holdings

Stock Size
EUR Cash 20.17%
Other Liabilities 13.74%
SCHATZ 6% SEP8 8.77%
UBS Group Fundin 1.250% 17-Apr-2025 1.83%
Goldman Sachs Group Inc 1.375% 15-May-2024 1.81%
France 0.000% 25-Mar-2023 1.80%
OMV AG PERP 1.74%
European Fin Sta 0.400% 17-Feb-2025 1.56%
RWE Finance 1.500% 31-Jul-2029 1.38%
UBS Group Fundin 1.500% 30-Nov-2024 1.35%
31/07/2018

Registered For Sale In

  1. Austria
  2. Belgium
  3. Czech Republic
  4. Denmark
  5. Finland
  6. France
  7. Germany
  8. Greece
  9. Ireland
  10. Italy
  11. Jersey
  12. Luxembourg
  13. Mauritius
  14. Netherlands
  15. Norway
  16. Spain
  17. Sweden
  18. Switzerland
  19. United Kingdom

Fund Info

  • Launch date07/04/2003
  • Share Class size111Mn
  • Base currencyUSD
  • ISIN LU0165124784

Purchase Info

  • Min. initial investment5,000
  • Min. regular additional investment0

Charges

  • Annual management0.85%
  • Initial investment0.85%

Performance is for the period shown (month end to month end, bid/bid, gross income reinvested, calculated in the currency and currencies indicated).