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Hsbc Equity document sample
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HSBC Mutual Funds
HSBC Indian Equity Fund
Advisor Series
As at May 31, 2010
Fund Description
The fundamental investment objective of the Fund is to provide long−term capital growth by investing primarily in a diversified
portfolio of investments in equity and equity−related securities of publicly traded companies registered, or with an official listing,
on a stock exchange in India, as well as investing in securities of public companies outside of India that have a significant
business or investment link with India.
Since Date of
Past Performance 1 Year 3 Year 1 5 Year 1 10 Year 1 Inception 1 Inception
Investor Series − − − − − Oct 26, 2009
Advisor Series − − − − − Oct 26, 2009
1
Annualized
Calendar Year Returns Return Analysis (Advisor Series)
Year Investor Advisor Manager # of Years Up (+) 0
− − − − # of Years Down (−) 0
Best 1 Yr. Ttl. Rtn. () −
Worst 1 Yr. Ttl. Rtn. () −
Average Up (+) Years −
Average Down (−) Years −
Statistics
Portfolio turnover −
P/E ratio − Fund (Advisor Series) −
P/E ratio − Benchmark −
Dividend yield before fees (Advisor Series) −
Sector Weightings (in %) Dividend yield before fees (Benchmark) −
Distribution frequency *
6.65% Consumer Staples
*Income/Dividend component only. Capital gains distributions, if any, are distributed
12.02% Consumer Discretionary
annually for all funds.
10.49% Other sectors
16.33% Information Technology
22.80% Financials
14.06% Industrials
Top Holdings
9.76% Materials Maruti Suzuki India Ltd 8.61%
7.89% Energy Unitech Limited 6.62%
HCL Technologies Ltd. 6.21%
Jindal Steel & Power Ltd. 5.47%
State Bank of India 5.06%
Geographic Weightings (in %) Infosys Technologies Ltd. 4.94%
Bharat Heavy Electricals Limit 4.04%
87.06% India Indiabulls Real Estate Ltd. 3.20%
Rural Electrification Corp., Ltd 2.96%
2.02% United Kingdom United Spirits 2.74%
Total 49.85%
8.68% Other
2.24% Finland
HSBC Mutual Funds
HSBC Indian Equity Fund
Advisor Series
As at May 31, 2010
Fund Details Fund Commentary
Total Assets: $24.3 million The Indian stock market rose by 5% in CAD dollar terms in March, and the Fund
returned 5.1%, outperforming the S&P/IFCI India Index (C$), its benchmark. The
RRSP Eligible: Yes
timing of the interest rate rise was unexpected but markets did not react much,
Minimum Initial Purchase: $500 given that this was expected in April anyway. However, further rises are still
Minimum Subsequent Purchase: $50 expected in April.
Order Cut−off Time: 1:00pm PST Materials, pharmaceuticals and telecoms stocks all outperformed the index while
Investment Advisor: HSBC Global Asset IT services and utilities were underperforming sectors.
Management (Canada)
Limited We continued to add to domestically−oriented sectors such as consumer
Inquiries: 1−888−390−3333 discretionary holdings, property and banks given their underperformance
Website: hsbc.ca/funds recently.
The Fund’s overweight positions in materials and healthcare stocks added to
Clients may purchase the Investor and Advisor Series units of all HSBC performance while overweight industrial and consumer discretionary holdings
Mutual Funds in U.S. dollars, with the exception of the Canadian Money
were a negative.
Market Fund. The U.S. Dollar Purchase Service is offered as a convenience
to advisors and investors. Performance of a fund using the U.S. Dollar An underweight allocation to energy, utilities, consumer staples, telecom and IT
Purchase Service may vary from the performance of the same fund in boosted Fund performance, while the underweight in financial stocks hurt
Canadian dollars due to fluctuation in the exchange rate between the two performance.
currencies. However, it will have no impact on the overall performance of your
clients´ investment in Canadian dollar terms and does not act as a hedge The economic outlook remains robust, focusing on quarterly results, inflation and
against currency fluctuations between the Canadian and U.S. dollars. monetary policy actions. The Indian market has risen sharply and has begun to
factor in this strong outlook.
Higher than expected interest rate rises could cause a market correction given
very strong foreign investor inflows in March and reduced share purchasing
power of key domestic institutions. We prefer domestic sectors over global
sectors, given the relatively higher growth visibility for the Indian economy. We
also prefer defensive sectors to growth sectors.
CA#M1000098
Data and performance provided by: CTVglobemedia Publishing Inc.
HSBC Investment Funds (Canada) Inc. ("HSBCIF") is the manager and principal distributor of the HSBC Mutual Funds.
Commissions, trailing commissions, management fees and expenses all may be associated with investments in the HSBC Mutual
Funds. Please read the HSBC Mutual Funds Simplified Prospectus before applying to invest. HSBC Mutual Funds are not guaranteed
or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer or financial institution.
The value of an investment in the HSBC Mutual Funds may change frequently and past performance may not be repeated. The unit
value of money market funds may not remain constant. HSBCIF is a direct subsidiary of HSBC Global Asset Management (Canada)
Limited and an indirect subsidiary of HSBC Bank Canada and provides its services in all provinces of Canada except Prince Edward
Island. The fund commentary contained in this document has been prepared by HSBC Global Asset Management (Canada) Limited.
Opinions expressed in the document are subject to change without notice and this information is not intended to provide professional
advice and should not be relied upon in that regard. You are advised to obtain appropriate professional advice where necessary and
should consult your investment representative before considering a specific transaction. We, our affiliates and our officers, directors
and employees may hold a position in any securities mentioned in this document (or in any related investment) and may from time to
time add to or sell any such securities or investment. As well, we and our affiliates may act as market maker or have assumed an
underwriting commitment in the securities of companies discussed in this document (or in related investments), may sell them to or
buy them from customers on a principal basis and may also perform or seek to perform investment banking or underwriting services
for or relating to those companies. HSBC Global Asset Management (Canada) Limited is a subsidiary of HSBC Bank Canada and
provides services in all provinces of Canada except Prince Edward Island.
