HK-HE

Share Class AD

AD 31 Jan 2020

Yes

Distributing

-3.11 11.18 8.45 16.21 Annually

Daily

EUR 1,000

4.50%

1.50%

10.82

Luxembourg

LU0165074740

EUR 36.46

Fund Size

HSBEURA LX

1Result is cumulative when calculation period

is over one year. 2The calendar year return of the first year is

calculated between share class inception date

and calendar year end of first year if the share

class has less than 5-year history.

Share Class Details

• The Fund invests mainly in Euroland equities.

• Because the Fund’s base currency, investments and classes may be denominated in different currencies, investors may be affected adversely

by exchange controls and exchange rate fluctuations. There is no guarantee that the currency hedging strategy applied to the relevant classes

will achieve its desired result.

• The Fund may invest in financial derivative instruments for investment purpose which may lead to higher volatility to its net asset value.

• The Fund’s investments may involve substantial credit, currency, volatility, liquidity, interest rate, tax and political risks. Investors may suffer

substantial loss of their investments in the Fund.

• Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this

document and should read the offering document of the Fund for details.

Investment Objective

The Fund seeks long-term total return (meaning capital growth and income) by investing primarily in a well-diversified portfolio of shares (or

securities that are similar to shares). These shares are issued by companies that have a registered office and official stock-market listing in a

member country of the European Monetary Union (EMU).

Investment Strategy

This initially includes 19 countries, but the Fund will consider others should they join the EMU. The Fund can also invest up to 10% of its assets

in Real Estate Investment Trusts (shares in property companies) and up to 10% of its assets in collective investment schemes including other

sub-funds of HSBC Global Investment Funds. Although there are no restrictions on the market capitalisation of the companies, the Fund

prefers to invest in larger and established companies. See the Prospectus for a description of derivative usage.

Risk Disclosure

Fund Objective and Strategy

HSBC Global Investment Funds - Euroland Equity

31 Jan 2020

3M 1Y 3Y¹ 5Y¹

-18.65 21.34

2017 2018

-0.31

Performance (%) YTD 1M

Calendar Year

Performance (%)²2015 2016

AD -3.11

Share Class Base

CurrencyEUR

Reference Performance Benchmark: MSCI EMU Net since 1 Jan 2015.

Prior to that, was MSCI EMU Gross.

Fund change that may have material impact on performance: 21 May

2007 – investment objective changed.16 Nov 2018 - Change in the

manner of charging sales charge / switching charge.

EUR 527,089,244

NAV per Share

Bloomberg Ticker

Reference

Benchmark

Past performance is not an indicator of future returns. The figures are calculated in the

share class base currency, NAV to NAV basis with dividend reinvested, net of fees. If

investment performance is not denominated in HKD or USD, HKD or USD based

investors are exposed to exchange rate fluctuations.

Source: HSBC Global Asset Management, data as at 31 January 2020

ISIN

Share Class Inception

Date04 Apr 2003

2019

UCITS V Compliant

Distribution Type

Distribution Frequency

Dealing Frequency

Min. Initial Investment

Max. Initial Charge

Management Fee

3-Year Risk

MeasuresAD

Reference

Benchmark

Volatility 12.45% 11.42%

25.47

29.22

Reference

Benchmark9.81 4.37 12.49 -12.71

Reference

Benchmark-1.73 -1.73 2.02 16.01 22.29

AD 3.84 12.95

Information

Ratio-1.45 -

Beta 1.06 -

Avg Market

Cap (EUR mil)36,838 55,780

Characteristics FundReference

Benchmark

Number of Holdings

ex Cash50 243

MSCI EMU Net

ManagerFrederic Leguay

Jeanne Follet

Domicile

Monthly Performance Commentary

Economic Environment

The markets pulled back slightly in January after a robust rally in 2019, with the MSCI Europe ending down 1.26% and the MSCI EMU by

1.74% (in euros). And yet, the first half of the month was smooth sailing, thanks to ongoing dovish monetary policies, a preliminary trade

deal between China and the US, and the clarification of the Brexit situation, all against a backdrop of a cyclical upturn in European PMI

indices. In the second half of January, though, market risk aversion returned in force with the spread of the coronavirus from China. Fears

that the Chinese economy could slow sharply in the first half of 2020, with a spillover into the rest of the global economy served as a pretext

for a technical correction. The fact that the Federal Reserve and the European Central Bank stuck to their accommodative stances was not

enough to soothe investor angst.

Most sectors were hit by the health emergency in China, which is both the world’s top supplier of manufacturers and its top consumer. In

Europe, cyclical sectors were naturally bid down, including autos (-9.8%) and basic materials (-5.3%), which are heavily exposed to Chinese

manufacturing. Energy was also hit hard, with oil prices dropping on the month (-11.9% in the case of Brent) on expectations of weaker oil

demand in China. The hotel-leisure and transport sectors lost 5.1%, which was no surprise, as quarantines threaten their businesses, with

fewer people moving around, and tourism and consumption at a standstill.

Market Performance

Among outperformers, defensive sectors weathered the slump nicely, led by utilities, which gained 8.5% on a resurgence in risk aversion

and the steep drop in bond yields. Food and healthcare stocks for example, gained 1.2% and 0.3%, respectively. And despite a global value

chain heavily weighted in China, tech stocks managed to outperform on strong earnings numbers. Geographically, the export-driven

economies of France, the UK, and Germany were hit by their extensive exposure to Chinese markets. Norway’s heavy weighting of energy

stocks sent its index down by 5.3% on the month, while Switzerland outperformed significantly, at +2.1%, driven by its heavy weighting of

defensive sectors, including pharma and consumer staples.

Fund Performance

The fund underperformed its benchmark, the MSCI EMU, significantly in January. The sector allocation made almost no contribution to this

relative performance. The sudden emergence of a new coronavirus in Asia has cast a shadow on macroeconomic forecasts for this year,

and triggered a return of risk aversion. Two groups of stocks underperformed: 1/ low-valuation stocks, such as banks, autos, basic

industries and energy, which are traditionally hit when risk appetite recedes and to which we are exposed; and 2/ stocks hit directly by the

health emergency in China and the resulting restrictions on mobility, including transport, leisure, luxury goods and semi-conductor shares, to

which we have little portfolio exposure.

These influences were offset on the whole. Likewise, low-growth defensives, such as utilities, telecoms and pharmas, which are

overweighted in the portfolio, played their role, making a positive contribution to performance. In contrast, our underweightings of real estate

and IT went against us. Stock-picking made a negative contribution in January. Our bets in basic industries (Arcelor and Arkema),

healthcare (Fresenius and Philips), energy (OMV), capital goods (ACS), pharma (no exposure to Merck), telecoms (KPN) and business

services (Elis) drove down the fund’s relative performance. However, our investments in banking (Erste and Santander), food (Heineken),

utilities (Veolia) and IT services (Capgemini) paid off. Some other investments also fared well, such as Alstom, Iberdrola, Téléperformance,

RelX and Thales.

We made no big changes to your portfolio’s main holdings in January. We continued to scale back its exposure to some stocks that

performed well in 2019, such as Buzzi, which we de-weighted significantly, as well as Iberdrola, Veolia, Signify, Arkema and Siemens. We

also took some profits on OMV, which could disappoint in 2020, given the recent drops in oil & gas prices and refining margins. On the other

hand, we continued to add to our holdings in some of our investments that performed poorly, such as Casino. And we brought Thales into

the portfolio. After its disappointing showing in 2019, the market does not seem to be pricing in the potential from normalization in transports

and satellites, nor the sustainable growth derived from defence and digital security businesses. We remain overweight to financials, energy,

healthcare and the multifarious industrials sector. We are underweighted to consumer stocks, both staples and discretionary, technology,

property and to a lesser extent, basic industries.

ESG

In this new section of our monthly reporting we will illustrate some of our recent ESG integration or engagement initiatives. In January, we

would first like to emphasize our meeting with Téléperformance. Following our vote against part of the management remuneration policy in

2019, the company has approached us to detail its new policy to be submitted to shareholders in 2020. It has brought it to the highest

standards and included ESG criteria in the remuneration of its managers. Long-term shareholders should appreciate ! This month, we also

had a meeting with Siemens on its controversial $20m contract on the Adani Carmichael coal mining Project. It generated a fair amount of

criticisms as Australia is facing its worst bushfires crisis and as Siemens is targeting carbon neutrality in less than ten years. The company

confirmed the establishment of a Sustainability Committee within the energy branch of the group with an ability to block controversial

contracts. We will pay specific attention to the first decisions taken by this committee. The company also announced a large initiative

designed to train its sales forces on potential issues related to certain contract although it does not intend to stop bidding on those.

Outlook

The health emergency in China is likely to keep investors on a cautious footing, given its serious impact on Chinese economic growth. We

nonetheless remain constructive, despite real sources of weakness in the short term, as we believe the cyclical upturn that began in the

fourth quarter of 2019 is based on solid fundamentals. The Chinese government’s ability to boost its economy is being underestimated, in

our view. The cycle has bottomed out in Europe, and the US economy remains solid. Beyond the epidemic in China, investors on the whole

remain conservative and under-invested in equities. With all this in mind, the market still seems to offer some upside potential. One more

thing: the dispersion in valuations is once again at a 20-year high, which opens the door to considerable potential rotations into undervalued

stocks and out of quality stocks, whose valuations have become stretched from being somewhat of an overcrowded trade.

Sector Allocation (%) Geographical Allocation (%)

Top 10 Holdings (%) Location Sector Weight (%)

Germany Financials 4.40

France Health Care 3.61

Germany Health Care 3.03

France Information Technology 2.95

France Financials 2.89

France Energy 2.87

France Utilities 2.70

Spain Utilities 2.63

France Utilities 2.50

Italy Financials 2.46

ALLIANZ

TOTAL

BAYER

CAP GEMINI

SANOFI EUR2

VEOLIA ENVIRONNEMENT

AXA

Source: HSBC Global Asset Management, data as at 31 January 2020

ENGIE

UNICREDIT SPA

IBERDROLA

Index Disclaimer

Source: MSCI. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not

be used as a basis for or a component of any financial instruments or products or indices. None of the MSCI information is intended to constitute

investment advice or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such.

Historical data and analysis should not be taken as an indication or guarantee of any future performance analysis, forecast or prediction. The

MSCI information is provided on an “as is” basis and the user of this information assumes the entire risk of any use made of this information.

MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively,

the “MSCI Parties”) expressly disclaims all warranties (including, without limitation, any warranties of originality, accuracy, completeness,

timeliness, non-infringement, merchantability and fitness for a particular purpose) with respect to this information. Without limiting any of the

foregoing, in no event shall any MSCI Party have any liability for any direct, indirect, special, incidental, punitive, consequential (including,

without limitation, lost profits) or any other damages. (www.msci.com)

Important Information

This document is prepared for general information purposes only and does not have any regard to the specific investment objectives, financial

situation and the particular needs of any specific person who may receive it. Any views and opinions expressed are subject to change without

notice. This document does not constitute an offering document and should not be construed as a recommendation, an offer to sell or the

solicitation of an offer to purchase or subscribe to any investment. Any forecast, projection or target where provided is indicative only and is not

guaranteed in any way. HSBC Global Asset Management (Hong Kong) Limited (“AMHK”) accepts no liability for any failure to meet such

forecast, projection or target. AMHK has based this document on information obtained from sources it reasonably believes to be reliable.

However, AMHK does not warrant, guarantee or represent, expressly or by implication, the accuracy, validity or completeness of such

information. Investment involves risk. Past performance is not indicative of future performance. Please refer to the offering document for further

details including the risk factors. This document has not been reviewed by the Securities and Futures Commission. Copyright © HSBC Global

Asset Management (Hong Kong) Limited 2020. All rights reserved. This document is issued by HSBC Global Asset Management (Hong Kong)

Limited.

0.00

9.03

2.42

0.13

0.67

6.86

8.85

10.49

26.94

34.60

2.89

0.00

0.98

1.23

3.28

3.96

11.90

12.74

19.14

43.89

Cash & Others

Other Locations

United Kingdom

Luxembourg

Austria

Italy

Spain

Netherlands

Germany

France

AD Reference Benchmark

0.00

2.09

10.32

5.00

13.89

6.95

4.77

10.17

6.77

7.92

15.45

16.69

2.89

0.00

2.95

5.44

5.69

5.91

7.27

7.39

7.83

12.65

19.87

22.11

Cash & Others

Real Estate

Information Technology

Energy

Consumer Discretionary

Materials

Communication Services

Consumer Staples

Utilities

Health Care

Industrials

Financials

AD Reference Benchmark

Terms of Glossary

Accumulation Share: a type of share where the income earned by the Fund is retained in the Fund

ACD: HSBC Global Asset Management (UK) Limited, the Authorised Corporate Director of the Company

Actively Managed: where the fund manager uses their expertise to pick investments to achieve the fund’s objectives

Beta: an historical measure of volatility to measure how a fund moves versus its benchmark (i.e. an Index)

Collective Investment Scheme: a fund that more than one person contributes to with the aim of increasing the value of their investments or

receiving income from a pooled investment. A fund manager will invest the pooled money into one or more types of asset, such as stocks,

bonds or property

Developed Markets: countries with relatively high levels of personal income and established economies

Emerging Markets (EM): countries that are progressing toward becoming advanced, usually shown by some development in financial

markets, the existence of some form of stock exchange and a regulatory body

Equities: shares issued by a company

Futures: a financial contract obligating the buyer to purchase an asset (or the seller to sell an asset), such as a physical commodity or a

financial instrument, at a predetermined future date and price

Growth: the increase in the value of investments

Hedge Funds: an investment fund that pools money from investors and invests in a variety of assets, often with complex investment

strategies and risk management techniques

Hedge or Hedging: using derivative type investments as a way to reduce risk

Income: money generated by a fund, such as interest from a bond or a dividend from a share, which can be paid out to its investors or paid

back into the fund and reinvested

Income Share: the type of Share where the income earned by the Fund is paid out to you

Information Ratio: a measure of the risk-adjusted return of a fund against its benchmark

Market Capitalisation: the total dollar market value of a company’s outstanding shares. Commonly referred to as “market cap”, it is

calculated by multiplying a company’s shares outstanding by the current market price of one share

Net Asset Value (NAV): the value of the scheme property of a fund less the liabilities of the fund

Ongoing Charges Figure: a measure of what it costs to invest in a fund. It includes the fee paid to the ACD and other operating costs

Price Earnings (P/E) Ratio: the price paid for a share divided by the annual profit earned by the firm per share

Preference Shares: shares of a company which entitle the holder to a fixed dividend, whose payment takes priority over that of ordinary

share dividends. Preference shares may be convertible to the ordinary shares of a company

Property-related securities: shares of property companies that own, manage or develop property and Real Estate Investment Trusts

(REITs), which are investment companies that own buildings and land

Return(s): the money made or lost on an investment

Share(s): an equally valued holding in a fund of a company, representing part ownership of that fund, (including larger denomination shares

and smaller denomination shares)

Sharpe ratio: a measure for calculating risk-adjusted return, and this ratio has become the industry standard for such calculations

Volatility: a measure of the size and frequency of changes in the value of an investment over a short space of time

Yield: the income from an investment, usually stated as a percentage of the value of the investment

Supplement Information Sheet

AD EUR

ADHUSD USD

Distribution Frequency

HSBC Global Investment Funds - Euroland Equity

31 Jan 2020

1.43%

The above table cites the last dividend paid within the last 12 months only.

Dividend is not guaranteed and may be paid out of capital, which will result in capital erosion and reduction in net asset value. A positive

distribution yield does not imply a positive return. Past distribution yields and payments do not represent future distribution yields and

payments. Historical payments may be comprised of both distributed income and capital.

The calculation method of annualised yield prior to August 2019 is the simple yield calculation: (dividend amount / NAV per share or units

as of ex-dividend date) x n; The calculation method of annualised yield from August 2019 is the compound yield calculation: ((1 +

(dividend amount / ex-dividend NAV))^n)-1, n depends on the distributing frequency. Annually distribution is 1; semi-annually distribution is

2; quarterly distribution is 4; monthly distribution is 12.

The annualised dividend yield is calculated based on the dividend distribution on the relevant date with dividend reinvested, and may be

higher or lower than the actual annual dividend yield.

Annually 11 Jul 2019 0.148673

Annually 11 Jul 2019 0.588671 1.66%

Dividend ex-date Dividend Amount

Annualised Yield

(Distribution is not

guaranteed and may

be paid out of

capital)

Share Class

Share

Class

Base

Currency

HK-HT

股份類別 AD

AD 31/01/2020

是

派息

-3.11 11.18 8.45 16.21 每年

-1.73 16.01 22.29 29.22 每日

歐元 1,000

4.50%

1.50%

10.82 歐元

9.81 盧森堡

LU0165074740

基金 2003年4月4日

歐元 36.46

波幅 基金規模

資訊比率 -1.45 - HSBEURA LX

貝他值 1.06 -

風險披露

基金投資目標及策略

滙豐環球投資基金 - 歐元區股票

2020年1月31日

3個月 1年 3年¹

參考基準 -1.73 2.02

AD -3.11 -0.31

5年¹

股份類別詳情

•本基金主要投資於歐元區股票。•由於本基金的基本貨幣、投資及份額類別可按不同的貨幣計值，故此，外匯管制及匯率波動可能對投資者構成不利影響。並不保證有關份額類別的貨幣對沖策略可達致其預期效果。•本基金可投資於金融衍生工具作投資用途，可能使本基金的資產淨值較波動。•本基金之投資可能涉及重大的信貸、貨幣、波動性、流動性、利率、稅務及政治風險。投資者投資於本基金可能蒙受重大損失。•基金產品並不等同於定期存款。投資者不應僅就此文件提供之資料作出投資決定，而應細閱本基金之銷售文件。

投資目標

本基金主要透過投資多元化股票（或類似於股票的證券）組合，尋求長期總回報（指資本增長及收益）。該等股票由在歐洲貨幣聯盟成員國設有

註冊辦事處及正式掛牌上市的公司發行。

投資策略

歐洲貨幣聯盟初步包括19個國家，但若有其他國家加入，本基金亦會將其納入考慮。本基金亦可將其最多10%的資產投資於房地產投資信託基金（房地產公司股票），及最多10%的資產投資於集體投資計劃，包括滙豐環球投資基金的其他附屬基金。儘管本基金投資的公司並無市值限制，但偏好較大型及成熟公司。請參閱基金說明書，了解關於衍生工具使用的說明。

AD 3.84 12.95 -18.65 21.34 股份類別基本貨幣

參考基準 4.37 12.49 -12.71 25.47 註冊地

ISIN代號

3年風險衡量

指標AD

過去的業績並不代表將來的表現。表現以股份類別基本貨幣計算，資產淨值對資產淨值，將股

息再作投資，並已扣除費用。如投資業績非以港元或美元計算，以港元或美元作投資的投資者

須承受匯率波動的風險。

資料來源：滙豐環球投資管理，數據截至2020年1月31日

投資組合特點 參考基準 股份類別成立日期

每股資產淨值

1當計算期超過一年，業績為累積表現。 2如股份類別成立少於五年，其首年年度表現為成立日至年底。

年度回報表現 (%)² 2015 2016 2017 2018

參考表現基準：由2015年1月1日起，基準為摩根士丹利歐元聯盟淨回報指數。此前為摩根士丹利歐元聯盟總額指數。

對本基金表現可能有重大影響的變動：2017年5月21日－更改投資目標。

2018 年11 月16 日 - 變更收取銷售費／轉換費用的方式。

歐元 527,089,244

彭博代號

參考基準摩根士丹利歐元聯盟淨回

報指數

基金表現 (%)年初至

今1個月

參考基準持倉數量（不包括現金）

50 243

基金經理Frederic Leguay

Jeanne Follet

12.45% 11.42%

平均市值（歐元 百萬）

36,838 55,780

2019

UCITS V合規

派息類型

派息頻率

交易頻率

最低初始認購額

首次認購費最高達

管理費

每月表現評論

經濟環境各地市場經過2019年的強勁升勢後，於1月略為回落，摩根士丹利歐洲指數跌1.26%，摩根士丹利歐洲貨幣聯盟指數跌1.74%（以歐元計）。不過，在歐洲採購經理人指數處於週期性上升的大背景下，得益於持續的鴿派貨幣政策，中美達成初步貿易協定，以及英國脫歐狀況明朗，上半月走勢平穩。但是，1月下半月，隨著中國新冠肺炎疫情擴散，市場避險氣氛捲土重來。對2020年上半年中國經濟或會急速放緩，並且波及環球經濟其他部分的憂慮，被認為是技術性整固的原因。美國聯儲局和歐洲央行堅持其寬鬆貨幣政策立場的事實並不足以平復投資者的擔憂情緒。多數行業因中國疫情而受挫，中國既是全世界最大生產國，也是最大的消費國。歐洲方面，受中國製造業嚴重影響的週期性行業自然而然地下跌，包括汽車（-9.8%）和基礎物料（-

5.3%）。能源業亦受到重挫，由於預期中國石油需求將更趨疲軟，本月油價下跌（布蘭特原油價格跌11.9%）。酒店康樂業和運輸業跌5.1%

，這不足為奇，因為隔離措施影響其業務，而且出行人數減少，旅遊業和消費活動停滯。市場表現利好因素方面，防守型行業在暴跌中安然無恙，表現領先的是公用事業，在避險氣氛捲土重來以及債券息率大幅下滑的情況該行業下升8.5%。食品股和健康護理股份別升1.2%和0.3%。雖然環球價值鏈在中國受到重挫，但是科技股因企業的強勁盈利而表現領先。從地區而言，出口導向型的法國、英國和德國因與中國市場關係密切而受挫。本月，挪威權重較大的能源股拖累該國指數暴跌5.3%，而瑞士表現十分出色，在權重較大的製藥和必需消費品等防守型行業帶動下上升2.1%。基金表現行業配置幾乎沒有為基金相對表現帶來任何貢獻。新冠肺炎突然在亞洲爆發，使今年的宏觀經濟前景蒙上陰影，並導致避險氣氛捲土重來。兩類股票表現遜色：1/ 低估值股票，例如銀行、汽車、基礎工業和能源股，當風險胃納下降這類股票通常會下跌，而我們持有這類股票；2/

受中國疫情以及相應出行限制措施直接影響的股票，包括運輸、康樂、奢侈品和半導體股，但投資組合極少持有這類股票。整體上這些影響皆被抵銷。同樣地，低增長防守型股票，例如投資組合持重的公用事業、電訊和製藥股發揮作用，為基金表現作出正面貢獻。與之相反，持輕房地產和資訊科技股利淡基金表現。1月，選股帶來負面貢獻。基礎工業（Arcelor和Arkema）、健康護理（費森尤斯和飛利浦）、能源（OMV）、資本貨品（ACS）、製藥（未持有默克集團）、電訊（KPN）和商業服務（Elis）的持倉拖累基金的相對表現。但是，銀行（奧地利第一儲蓄銀行和桑坦德銀行）、食品（喜力）、公用事業（威立雅）和資訊科技服務（Capgemini）的投資獲利。部分其他投資亦表現良好，例如Alstom、Iberdrola、Téléperformance、RelX和Thales。

1月，投資組合的主要持倉並無任何較大改變。針對2019年表現不俗的若干股票，我們繼續削減其持倉，例如Buzzi、Iberdrola（大幅削減）、威立雅、Signify、Arkema和西門子。鑑於近期石油和燃氣價格下滑，而且煉油利潤率下降，OMV的2020年業績或會令人失望，我們亦沽售該公司股票獲利。另一方面，對於表現不理想的部分投資，例如Casino，我們繼續增加持倉。投資組合買入Thales。在該公司錄得令人失望的20

19年業績之後，市場似乎尚未體現出交通和衛星業務正常化的潛力，以及國防和數字安全業務帶來的可持續增長。我們繼續對金融、能源、健康護理和多種工業行業持偏高比重。我們對必需消費品股、可選消費品股、科技股、房地產股以及（在較低程度上）基礎工業股持偏低比重。ESG

在月度報告的這一新設章節中，我們將說明近期採納的一些ESG或參與計劃。1月，首先要強調的是我們與Téléperformance的會議。2019年我們投票反對管理層的部分薪酬政策後，該公司向我們詳細說明將於2020年呈交給股東的新政策。新政策提升至最高標準，並將ESG準則納入經理薪酬。 長線股東應該會讚賞這種做法！這個月內，我們還就Adani

Carmichael煤礦項目有爭議的2000萬美元合約與西門子舉行會議。該項目招致很多批評，因為澳洲面臨最嚴重的山火危機，而且西門子的目標是在10年內達到碳中性。該公司證實，集團旗下能源分公司成立可持續委員會，該委員會有能力阻止爭議性合約。

我們將密切關注該委員會作出的第一批決定。雖然西門子並不打算停止合約競標，但依然宣布一項大型計劃，旨在培訓銷售人員處理合同相關的潛在問題。展望中國新冠肺炎疫情對該國經濟增長造成嚴重影響，可能令投資者保持審慎態度。雖有導致短期疲軟的實際來源，我們仍保持樂觀態度，因為我們相信由2019年第四季開始的週期性好轉勢頭建基於穩健的基本因素。我們認為，中國政府提振國家經濟的能力被低估。歐洲經濟週期已經觸底，而美國經濟仍保持穩健。拋開中國疫情來看，投資者整體上維持保守態度，而且對股票投資不足。考慮到所有相關因素，市場似乎仍可提供一定的上升潛力。再有一點：估值差再次觸及20年來最高水平，令市場由質素股輪轉至低估值股票的可能性大增，前者因受到過度熱捧而估值偏高。

行業分佈 (%) 地區分佈 (%)

十大持倉 (%) 地區 股票行業 比重 (%)

德國 金融 4.40

法國 健康護理 3.61

德國 健康護理 3.03

法國 資訊科技 2.95

法國 金融 2.89

法國 能源 2.87

法國 公用事業 2.70

西班牙 公用事業 2.63

法國 公用事業 2.50

意大利 金融 2.46

SANOFI EUR2

ALLIANZ

TOTAL

BAYER

CAP GEMINI

VEOLIA ENVIRONNEMENT

AXA

指數免責聲明

資料來源：MSCI。MSCI數據僅可供經理人內部使用，不得以任何形式複製或再傳播，亦不得用作任何金融工具或產品或指數的基礎或作為其成分。MSCI數據不擬構成投資意見或作出（或不作出）任何種類投資決定的建議，故不得加以依賴。歷史數據和分析不應被視作任何未來表現分析、預測或預估的指示或保證。MSCI數據乃以「按原狀」的基礎提供，而使用此等數據的人士需承擔任何使用此等數據的全部風險。MSCI、其聯屬機構及曾參與或涉及編制、計算或創造任何MSCI數據的他方(統稱「MSCI有關各方」)各自特此明確就此等數據的所有保證(包括但不限於此等數據的原創性、準確性、完整性、適時性、非侵權性、適銷性及任何特定用途的適用性)作出免責聲明。不受限於前述的情況，MSCI有關各方在任何情況下不會有任何直接的、間接的、特殊的、附帶性的、懲罰性的、相應性的（包括但不限於利益損失）或其他任何損害賠償的責任。(www.msci.com)

資料來源：滙豐環球投資管理，數據截至2020年1月31日

ENGIE

UNICREDIT SPA

IBERDROLA

重要資訊

本文件只提供一般性資料，並不針對任何可能收到本文件的人士的具體投資目標、財務狀況和特別需求。在此表達之意見可因應情況修改而不作另行通知。本文件並非銷售文件，且不構成建議、要約出售或招攬購買或認購任何投資。本文件所載任何預測、預計或目標僅供説明用途，且並非任何形式的保證。滙豐環球投資管理（香港）有限公司（「滙豐環球投資管理」）就預測、預計或目標未能達成概不承擔任何責任。本文件內的資料乃取自滙豐環球投資管理合理地相信可靠的來源。然而，無論明示或暗示，滙豐環球投資管理不保證、擔保或代表本文件內該等資料的準確性、有效性或完整性。投資附帶風險，過去的業績並不代表將來的表現。請參閱銷售文件以便獲取其它資料，包括風險因素。此文件並未經證券及期貨事務監察委員會批閱。版權 © HSBC Global Asset Management (Hong Kong) Limited

（滙豐環球投資管理（香港）有限公司）2020。版權所有。本文件由HSBC Global Asset Management (Hong Kong) Limited

（滙豐環球投資管理（香港）有限公司）刊發。

0.00

9.03

2.42

0.13

0.67

6.86

8.85

10.49

26.94

34.60

2.89

0.00

0.98

1.23

3.28

3.96

11.90

12.74

19.14

43.89

現金及其他

其他地區

英國

盧森堡

奧地利

意大利

西班牙

荷蘭

德國

法國

AD 參考基準

0.00

2.09

10.32

5.00

13.89

6.95

4.77

10.17

6.77

7.92

15.45

16.69

2.89

0.00

2.95

5.44

5.69

5.91

7.27

7.39

7.83

12.65

19.87

22.11

現金及其他

房地產

資訊科技

能源

可選消費品

物料

通信服務

消費必需品

公用事業

健康護理

工業

金融

AD 參考基準

詞彙表

累積股份: 基金賺取的收益留存於基金的股份類別

授權公司董事(ACD): HSBC Global Asset Management (UK) Limited，本公司的授權公司董事

主動管理: 基金經理利用其經驗篩選投資項目以實現基金目標

貝他值: 衡量過往波幅的指標，用於衡量某一基金相對於其基準（即某一指數）的走勢

集合投資計劃:

超過一人出資、其目標為增加投資價值或自集合投資中所收取收益的基金。基金經理將集合資金投資於一個或多個類別的資產，如股票、債券

或房地產

成熟市場: 個人收入較高且經濟成熟的國家

新興市場: 正在向成熟市場邁進的國家，通常表現為金融市場出現一定程度的發展、存在某種形式的證券交易所及監管機構

股票: 一間公司所發行的股份

期貨: 一種金融合約，據此買方（賣方）有責任於預定的未來日期按預定的價格購買（出售）某一項資產，例如實物商品或金融工具

增長: 投資價值增加

對沖基金: 集合投資者的資金並投資於各類資產的投資基金，通常包含複雜的投資策略和風險管理技術

對沖: 採用衍生工具類投資以減少風險的一種途徑

收益: 基金所產生的資金回報，例如債券利息或股份股息，可派付予投資者或歸還予基金進行再投資

收益股份: 基金賺取的收益派付予投資者的股份類別

資訊比率: 衡量某一基金相對於其基準的經風險調整回報的指標

市值: 一間公司已發行股份的市場價值總額。按公司的已發行股份數乘以每股當前市價計算

資產淨值: 基金的計劃資產價值減去該基金的負債

經常性開支: 對基金進行投資的成本的衡量指標。 其包含支付予ACD的費用及其他營運成本

市盈率: 就一股股份支付的價格除以公司一年所賺取的每股利潤

優先股: 持有人可享有固定股息的公司股份，該股息的派付優先於普通股股息。 優先股可轉換為公司的普通股

房地產相關證券: 擁有、管理或發展房地產及房地產投資信託（擁有樓宇及土地的投資公司）的房地產公司股份

回報: 投資賺取或損失的資金

股份: 某間公司的基金等價持倉，代表該基金的一部分所有權，包括較大面值股份及較小面值股份

夏普比率: 計算經風險調整回報的指標，此比率已成為該等計算的行業標準

波幅: 某一投資在短期內的變動幅度及頻率的衡量指標

孳息（率）: 投資的收益，通常以投資價值的百分比表示

補充資料

AD 歐元

ADHUSD 美元

派息頻率

滙豐環球投資基金 - 歐元區股票

2020年1月31日

1.43%

上表僅引用過去12個月內支付的最後一次股息。

並不保證會支付股息，且可能自資本中支付，這會導致資本侵蝕及資產淨值減少。正分派收益率並不表示正回報率。過往分派收益率和付款並不代表未來的分派收益率和付款。過往付款可能同時包含分派收益及資本。

2019年8月之前的年化收益率的計算方法為簡單收益率計算法：（股息金額／ 除權日的每股或每單位資產淨值） x n；

2019年8月起的年化收益率的計算方法為複合收益率計算法： （（1 +（股息金額／ 除權後資產淨值））^n）-1，n取決於分派頻率。

每年分派為1；每半年分派為2；每季分派為4；每月分派為12。年化股息收益率根據相關日期的股息分派計算（股息再投資），並可能高於或低於實際每年股息收益率。

每年 2019年7月11日 0.148673

每年 2019年7月11日

除息日 每股股息

年化股息率

（派息不獲保證及可從

股本中分派）

股份類別股份類別

基本貨幣

0.588671 1.66%

PRODUCT KEY FACTS

產品資料概要

HSBC Global Investment Funds – Euroland Equity

滙豐環球投資基金 – 歐元區股票

September 2019 2019年9月

This statement provides you with key information about the HSBC Global Investment Funds –Euroland Equity

本概要提供有關滙豐環球投資基金 － 歐元區股票的重要資料

This statement is part of the offering document 本概要是銷售文件的一部分

You should not invest in this product based on this statement alone

投資者切勿單憑本概要作投資決定

Quick facts 基本資料

Fund manager 基金經理 HSBC Investment Funds (Luxembourg) S.A.

Investment adviser 投資顧問 HSBC Global Asset Management (France) (Internal delegation, France / 內部委託，法國)

Custodian 保管人 HSBC France, Luxembourg Branch

Ongoing charges over a year

全年經常性開支比率

Class ACUSD / ACUSD類 1.85%^

Class ACHUSD / ACHUSD類1.91%^

Class AD / AD類 1.85%^

Class ADHUSD / ADHUSD類 1.91%^

Dealing frequency 進行交易 Daily on every dealing day / 每一個交易日

Base currency 基本貨幣 EUR / 歐元

Dividend policy 股息政策 Class AC/ ACHUSD - No dividends will be declared or paid;

Class AD / ADHUSD – Declared annually on a discretionary basis, and if declared, dividends will be

paid annually

ACUSD類 / ACHUSD類 - 將不宣佈或派發股息;

AD / ADHUSD 類 – 按酌情基準每年宣佈，如獲宣佈，將會每年派發股息

Financial year end 財政年度終結日 31 March / 3 月 31 日

Minimum investment (initial and subsequent)

最低認購額（首次及其後） Class A - USD1,000 (Price of shares are quoted in EUR)

A類 - 1,000美元 (股份價格以歐元報價)

^ This figure is an annualized figure based on the expenses for the interim period ended 30 September 2018. This figure may vary from year to year.

此數字乃根據截至 2018年 9月 30日止中期開支計算的年率化數字。此數字每年均可能有所變動。

What is this product? 本基金是甚麼產品？

This is a sub-fund (the “Fund”) of an umbrella fund constituted in the form of a mutual fund. It is domiciled in Luxembourg and its home regulator is

Commission de Surveillance du Secteur Financier.

本附屬基金（「基金」）所屬的傘子基金以互惠基金形式組成。本基金在盧森堡註冊成立，在當地由Commission de Surveillance du Secteur

Financier監管。

2

Objectives and Investment Strategy 目標及投資策略

Investment Objectives and Strategy 投資目標及策略：

The Fund aims to provide long term total return by investing in a portfolio of Eurozone equities.

本基金旨在透過投資歐元區股票組合，提供長期總回報。

The Fund invests in normal market conditions a minimum of 90% of its net assets in equities and equity equivalent securities of companies which are

domiciled in, based in, carry out the larger part of their business activities in, or are listed on a Regulated Market in, any European Monetary Union

("EMU") member country. The Fund may also invest in eligible closed-ended Real Estate Investment Trusts ("REITs").

本基金於正常市況下將其至少 90% 的淨資產投資於在任何一個歐洲貨幣聯盟成員國（「歐元聯盟」）註冊、位於該處、在該處進行大部分商業活動或在任何歐元聯盟受監管市場上市的的公司的股票及等同股票的證券。本基金亦可投資於合資格封閉式房地產投資信託基金（「REITs」）。

The Fund normally invests across a range of market capitalisations without any capitalisation restriction.

本基金通常投資於不同市值的公司，沒有任何市值限制。

The Fund will not invest more than 10% of its net assets in REITs.

本基金不會將其淨資產多於 10% 投資於 REITs。

The Fund may invest up to 10% of its net assets in units or shares of UCITS and/or other Eligible UCIs (including other sub-funds of HSBC Global

Investment Funds).

本基金可將其最多 10%的淨資產投資於 UCITS 及／或其他合資格 UCIs（包括滙豐環球投資基金的其他附屬基金）的單位或股份。

The Fund may use financial derivative instruments for hedging and cash flow management (for example, Equitisation). However, the Fund will not use

financial derivative instruments extensively for investment purposes. The financial derivative instruments the Fund is permitted to use include, but are not

limited to, futures and foreign exchange forwards (including non-deliverable forwards). Financial derivative instruments may also be embedded in other

instruments in which the Fund may invest.

本基金可使用金融衍生工具作對沖及現金流管理（例如股權化）用途。然而，本基金不會廣泛使用金融衍生工具作投資用途。本基金獲准使用的金融衍生工具包括但不限於期貨及外匯遠期（包括非可交付遠期）。金融衍生工具亦可嵌入於本基金可投資的其他工具。

Investment in derivatives 衍生工具投資

The Fund’s net derivative exposure may be up to 50% of the Fund’s net asset value.

本基金衍生工具的淨投資比例範圍最高可達本基金資產淨值的50%。

What are the Key Risks? 本基金有哪些主要風險？

Investments involve risks. Please refer to the offering document for details including risk factors.

投資附帶風險。請參閱銷售文件以便獲取其他資料，包括風險因素。

Investment risk 投資風險

The Fund's investment portfolio may fall in value due to any of the key risk factors below and therefore your investment in the Fund may suffer

losses. There is no guarantee of the repayment of principal.

本基金的投資組合價值可能因下列任何主要風險因素而下跌，故閣下於本基金的投資可能會蒙受虧損。概不保證可償還本金。

General liquidity risk 一般流動性風險

The Fund’s investment portfolio will be exposed to liquidity risks – meaning it may take time to sell assets and/or assets may need to be sold at a

discount. This risk is greater in exceptional market conditions when a large number of market participants may seek to liquidate their investments

which may include the Fund. The Fund may employ a number of techniques to manage liquidity including pricing adjustments and temporarily

suspending redemptions.

本基金的投資組合將承受流動性風險－意味著其需時出售資產及／或資產可能需以折讓價出售。當出現大量市場參與者尋求變現其投資（可能包括本基金）的特殊市況時，此風險便較大。本基金可運用若干技巧管理流動性，包括定價調整及暫時停止贖回。

Currency risk 貨幣風險

Where the currency of the underlying assets differs to the currency used to quote a share’s price, such price may be affected unfavourably by

fluctuations in exchange rates between these currencies or, in the case of Currency Hedged Share Classes, between the currency of the underlying

assets and the Base Currency.

若相關資產的貨幣有別於用作股份報價的貨幣，該價格可能因此等貨幣之間的匯率波動而受到不利影響，或若屬貨幣對沖股份類別，該價格可能因相關資產貨幣與基本貨幣之間的匯率波動而受到不利影響。

Exchange rates may be affected by changes to exchange rate controls amongst other political and economic events.

除其他政治和經濟事件外，匯率可能受匯率管制的變動所影響。

General equity market risk 一般股票市場風險

The Fund’s investment in equity securities is subject to general market risks, whose value may be adversely impacted due to various factors, such

as changes in investment sentiment, political and economic conditions, liquidity risks and issuer-specific factors. Further, risks may be exacerbated

for certain markets and segments (e.g. smaller capitalization companies).

本基金投資於股票證券，須承受一般市場風險，其價值可能因多項因素（例如投資氣氛、政治及經濟狀況之改變、流動性風險及發行人相關風險因素）而受到不利影響。此外，若干市場及板塊（例如小型公司）的風險可能加劇。

3

Geographic concentration risk 地域集中風險

The Fund’s investments are concentrated in a certain geographical region(s). The value of the Fund may be more volatile than that of a fund having

a more diverse portfolio of investments.

本基金集中投資於若干地區。本基金的價值可能比具有更廣泛投資組合的基金更反覆波動。

Further, the value of the Fund may be more susceptible to adverse economic, political, policy, foreign exchange, liquidity, tax, legal or regulatory

event affecting such geographical region(s).

此外，本基金的價值可能較容易受到影響有關地區的不利經濟、政治、政策、外匯、流動性、稅務、法律或監管事件的影響。

Eurozone risk 歐元區風險

In light of ongoing concerns on the sovereign debt risk of certain countries within the Eurozone, the Fund’s investments in the region may be subject

to greater volatility, liquidity, currency and default risks. Any adverse events, such as credit downgrade of a sovereign or exit of Eurozone members,

may have a negative impact on the value of the Fund.

鑑於歐元區內若干國家的主權債務風險持續引發市場憂慮，本基金在區內的投資可能面臨較高的波動性、流動性、貨幣及違約風險。某主權國家信貸評級下調或歐元區成員國退出等任何不利事件均可能會對本基金價值構成負面影響。

Risk associated with small/mid-capitalisation companies 與中/小型公司有關的風險

The stock of small/mid-capitalisation companies may be exposed to greater liquidity risk, be more volatile and be more sensitive to adverse economic

developments than those of larger capitalisation companies in general.

一般而言，相比較大型公司，中/小型公司的股票可能承受較高的流動性風險、較為波動及對經濟的不利發展較為敏感。

Risk of Portfolio Currency Hedged classes 投資組合貨幣對沖類別的風險

Portfolio Currency Hedged Share Classes seek to minimise the effect of currency fluctuations between the Class Currency of a Share Class and

the Base Currency of the relevant Fund such that the price in the Class Currency moves similarly to the price in the Base Currency.

投資組合貨幣對沖股份類別旨在將股份類別的類別貨幣與有關基金的基本貨幣之間的匯率波動影響降至最低，即類別貨幣的價格與基本貨幣的價格走勢相若。

Portfolio Currency Hedged Share Classes are not recommended for investors who are seeking a return in a currency other than the Class Currency

of the Class. Investors that do not follow this recommendation should be aware that they may be exposed to higher currency risks and may suffer

material losses as a result of exchange rate fluctuations between the Class Currency of the Class and the currency they are seeking a return in.

對尋求回報以類別的類別貨幣以外之貨幣計算的投資者而言，不建議彼等投資於投資組合貨幣對沖股份類別。不跟隨此建議的投資者應知悉，彼等或會因類別的類別貨幣與其所尋求的回報貨幣之間的匯率波動，而承受較高的貨幣風險及可能蒙受重大損失。

Derivative risk 衍生工具風險

Risks associated with financial derivative instruments include counterparty/credit risk, greater liquidity risk, valuation risk and volatility risk.

與金融衍生工具相關的風險包括對手方／信貸風險、更大的流動性風險、估值風險及波動性風險。

The use of derivatives for investment purposes may involve leverage. Leverage can result in a loss significantly greater than the amount invested in

derivatives by the Fund leading to a higher risk of significant loss by the Fund.

使用衍生工具作投資用途可能涉及槓桿。槓桿可能導致損失遠遠大於本基金對衍生工具的投資金額，令本基金遭受重大損失的風險增加。

4

37.0

1.0

-18.4

17.4

30.5

1.9

10.8

3.8

12.9

-18.6

4.4

12.5

-12.7

-30.0

-20.0

-10.0

0.0

10.0

20.0

30.0

40.0

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

%

HSBC Global Investment Funds - Euroland Equity (AD)

滙豐環球投資基金–歐元區股票 (AD)

Fund 基金 Benchmark 基準

How has the Fund performed? 本基金過往的業績表現如何？

Past performance information is not indicative of future performance. Investors may not get back the full amount invested.

過去業績並不代表將來的表現。投資者可能不能取回全部投資金額。

The computation basis of the performance is based on the calendar year end, NAV-to-NAV, with dividend reinvested.

業績表現以曆年末的資產淨值作為比較基礎，股息會滾存再作投資。

These figures show by how much the share class increased or decreased in value during the calendar year being shown. Performance data has

been calculated in EUR including ongoing charges and excluding subscription fee and redemption fee you might have to pay. Performance is not

denominated in HKD or USD. HKD or USD based investors are exposed to exchange rate fluctuations.

數據顯示股份類別於上述曆年的價值升跌。業績數據以歐元計算，包括經常性開支但不包括您可能需支付的認購費用及贖回費用。業績非以港元或美元計算，以港元或美元作出投資的投資者須承受匯率波動的風險。

The Fund has formally adopted MSCI EMU Net as the reference performance benchmark of the Fund with effect from 2016. The reference

performance benchmark is shown for comparison purposes only and the Fund may not be managed to the reference performance benchmark.

本基金已由 2016 年起正式採用摩根士丹利歐元聯盟淨回報指數（MSCI EMU Net）作為本基金的參考表現基準。所示參考表現基準僅供比較用途，而本基金不一定依據參考表現基準予以管理。

Fund launch date: 04/04/2003

基金成立日期：04/04/2003

Class AD launch date: 31/07/2003

AD 類成立日期：31/07/2003

Class AD is a share class open for investment by Hong Kong retail investors and denominated in the Fund’s base currency.

AD 類乃開放予香港零售投資者投資及以本基金的基本貨幣計價的股份類別。

Is there any guarantee? 本基金有否提供保證？ This Fund does not have any guarantees. You may not get back the full amount of money you invest. 本基金並不提供任何保證。閣下未必能全數取回投資本金。

5 Issued by HSBC Global Asset Management (Hong Kong) Limited 由滙豐環球投資管理（香港）有限公司刊發

What are the fees and charges? 本基金涉及哪些費用？ Charges which may be payable by you 認購本基金時閣下或須支付的費用

You may have to pay the following fees when dealing in the Fund.

閣下買賣本基金時可能須要支付以下費用。

Fees 費用 What you pay 您須支付

Subscription fee 認購費 Up to 4.50% of the total subscription amount* 最高達認購總額的4.50%*

Switching fee 轉換費 Up to 1% of the Switch-Out proceeds* 最高達轉出所得款項的1%*

Redemption fee 贖回費 Nil* 無*

* You may need to bear additional costs under certain situations in order to mitigate any adverse impacts to the Fund caused by the transactions. Please refer

to the offering document for further details.

為減輕交易可能對本基金造成的不利影響，閣下可能在某些情況下承擔額外費用。進一步詳情請參閱銷售文件。

Ongoing fees payable by the Fund 本基金持續繳付的費用

The following expenses will be paid out of the Fund. They affect you because they reduce the return you get on your investments.

以下收費將從本基金總值中扣除，閣下的投資回報將會因而減少。

Fees 費用 Annual rate (as a % of the Net Asset Value of the Fund) 年率（以本基金資產淨值之%）

Management fee 管理費 1.50%

Custodian fee 保管費 Not applicable, included in Administrative fee 不適用，已包括在行政費內

Administrative fee 行政費 0.35%#

Performance fee 表現費 Not applicable 不適用 # The fees and charges may be increased up to maximum level as specified in the offering document by giving at least one month’s prior notice to investor.

Please refer to the offering document for further details. This amount does not include the fees of the Administration Agent or other appointed parties relating

to the execution of the currency hedging policy, which will be borne by the relevant currency hedged share class. Where the Administration Agent or other

appointed parties takes these fees, the rate for fees relating to the execution of the currency hedging policy is up to 0.025% per annum of the net asset value

of the currency hedged share class.

費用可增至銷售文件所定的最高水平，但須予最少1個月預先通知投資者。進一步詳情請參閱銷售文件。此金額並不包括行政代理或其他指定方有關

執行貨幣對沖政策的費用，該費用將由有關貨幣對沖股份類別承擔。若行政代理或其他指定方收取該等費用，執行貨幣對沖政策所收取的費用年率為

最高達貨幣對沖股份類別資產淨值的0.025%。

Other fees 其他收費

You may have to pay other fees and charges when dealing in the Fund.

閣下買賣本基金時可能須要支付其他費用。

Additional information 其他資料 You generally buy and redeem shares at the Fund’s next-determined subscription price and redemption price with reference to the Net Asset Value

(NAV) after the intermediaries receive your request in good order on or before 4:00pm (HK Time), being the Fund’s dealing cut-off time.

一般而言，閣下認購及贖回本基金股份的價格，是在中介人於香港時間下午4時或之前（即本基金的交易截止時間）收到閣下的完整指示後，參照本基金資產淨值而釐定的下一個認購價及贖回價。

Intermediaries who sell the Fund may impose earlier cut-off times for receiving instructions for subscriptions, redemptions or switching. Investors

should pay attention to the arrangements of the intermediary concerned.

銷售本基金的中介人可能就接受認購、贖回或轉換指示實施較早的截止時間。投資者須注意有關中介人的安排。

Investors may obtain the past performance information of other share classes offered to Hong Kong investors at

www.assetmanagement.hsbc.com/hk (the website has not been reviewed by the SFC).

投資者可瀏覽 www.assetmanagement.hsbc.com/hk（網頁並未經證監會批閱）以取得向香港投資者發售的其他股份類別的往績表現資料。

The net asset value of the Fund is calculated and the price of the Fund is published on each dealing day. The Fund prices are available online at

www.assetmanagement.hsbc.com/hk.

本基金的資產淨值及價格均於每個交易日計算及刊登。本基金價格刊登於 www.assetmanagement.hsbc.com/hk。

Important 重要資料 If you are in doubt, you should seek professional advice.

閣下如有疑問，請應諮詢專業意見。

The SFC takes no responsibility for the contents of this statement and makes no representation as to its accuracy or completeness.

證監會對本概要的內容並不承擔任何責任，對其準確性或完整性亦不作出任何陳述。