Notification of changes to the underlying funds of HSBC Global Investment Funds

13 Sep 2022

We have been notified by HSBC Global Investment Funds (the “Company”) of the following upcoming changes to the underlying funds of the below Mirror Funds. These changes will take effect from the 14 October 2022 (the “Effective Date”).

  • J55 HSBC Chinese Equity
  • J56 HSBC Hong Kong Equity

(the “Affected Mirror Funds”)

From the Effective Date, the investment objective and strategy of the underlying funds of the Affected Mirror Funds will be enhanced to reflect that the underlying funds are classified as Article 8 under the EU’s Sustainable Finance Disclosure Regulation (“SFDR”).

Article 8 funds promote environmental, social and governance (“ESG”) factors as an integral part of their investment strategy and decision making process. This could be accomplished by focusing, for example, on companies with a better than average ESG rating, companies following strong corporate governance practices or restricting investment in certain industries.

In addition, for the purposes of Article 8, a restriction on investing in companies with exposure to specific excluded activities (“Excluded Activities”), such as thermal coal extraction will come in to force from the Effective Date.

The Company have advised that the enhancement of the investment objective and strategy, and the addition of restrictions regarding Excluded Activities, do not signify a change to the core investment objective, strategy or risk-ratings of the underlying funds of the Affected Mirror Funds.  Please refer to the Appendix in the Sample policyholder letter opposite for further details of the changes.  

Please contact the Investment Marketing team if you have any queries regarding the above.