Not for sale in the US or for US persons
HSBC's offshore fund range consists of global, regional and single country funds across asset classes including equities, bonds, money market, multi-asset investments. Our offshore funds are open-ended Luxembourg-domiciled SICAV (Societe d'Investissement a Capital Variable) products and qualify as an Undertaking for Collective Investment in Transferable Securities ("UCITS") managed by HSBC Global Asset Management and are not available to any US Person*.
Shares of the Funds may not be offered or sold in the United States of America, including its territories and possessions ("United States" or "US"), or, directly or indirectly, to or for the benefit of a US Person*, except in a transaction exempt from the registration requirement of the Securities Act of 1933, as amended. In the US, the information herein does not constitute an offering of any security, product or service, including any offshore fund.
The information contained on this webpage does not constitute investment advice, a solicitation or a recommendation to buy, sell or subscribe to any investment. It is not intended to provide and should not be relied upon for accounting, legal or tax advice.
HSBC Global Asset Management is the marketing name for the asset management businesses of HSBC Holdings Plc. HSBC Global Asset Management (USA) Inc. is an investment adviser registered with the US Securities and Exchange Commission. HSBC is a global organization that operates in many different jurisdictions worldwide. Where appropriate, HSBC entities are registered with appropriate regulatory authorities in the jurisdictions in which they are required to be registered to carry on their respective business activities. HSBC Securities (USA) Inc. is an HSBC broker dealer registered in the US with the Securities and Exchange Commission under the Securities Exchange Act of 1934. HSBC Securities (USA) Inc. is also a member of NYSE/FINRA/SIPC. HSBC Securities (USA) Inc. is not authorized by, or registered with any other non-US regulatory authority. The contents of this material is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. No HSBC entity makes any representation that the contents of the material are appropriate for use in all locations, or that the transactions, securities, products, instruments or services discussed are available or appropriate for sale or use by all investors or counterparties.
* The term US Person shall mean: (i) a citizen or resident of the United States of America; (ii) a partnership or corporation organized or existing under the laws of any state, territory or possession of the United States of America; (iii) a trust created or organized under US federal or state law or regardless of the place of creation or organization, (a) where one or more US Persons has the authority to control all substantial decisions of the trust, (b) where the administration of the trust or its formation documents are subject to the supervision of one or more US courts, (c) where any settlor, founder, trustee, or other person responsible for decisions related to the trust is a US Person, (d) if the trust is engaged in a trade or business in the US for federal income tax purposes (provided, however, a trust is not engaged in trade or business in the US for federal income tax purposes if its activities are limited to investing in securities and other financial assets and it is not involved in the sale of goods or provision of services),or (e) where the trust is taxable in the US on its worldwide income; or (iv) a discretionary or non-discretionary investment account or similar account (other than an estate or trust) held by a non-US dealer or other fiduciary for the benefit or account of a US person (as defined above).
Past performance is no guarantee of future results. There is no assurance that a portfolio will achieve its investment objective or will work under all market conditions. The value of investments may go down as well as up and you may not get back the amount originally invested. Portfolios may be subject to certain additional risks, which should be considered carefully along with their investment objectives and fees. Equity investments fluctuate in value based on changes to an individual company's financial condition and overall market conditions. Investments in foreign markets involve risks such as currency rate fluctuations, potential differences in accounting and taxation policies, as well as possible political, economic, and market risks. These risks are heightened for investments in emerging markets which are also subject to greater illiquidity and volatility than developed foreign markets. Frontier markets generally have smaller economies or less developed capital markets than traditional emerging markets, and therefore investing in frontier markets can magnify the risks of investing in emerging markets. Fixed income is subject to credit and interest rate risk. Credit risk refers to the ability of an issuer to make timely payments of interest and principal. Interest rate risk refers to fluctuations in the value of a fixed income security that result from changes in the general level of interest rates. In a declining interest rate environment, a portfolio may generate less income. In a rising interest-rate environment, bond prices fall. Investments in high yield securities (commonly referred to as "junk bonds") are often considered speculative investments and have significantly higher credit risk than investment grade securities. The prices of high yield securities, which may be less liquid than higher rated securities, may be more volatile and more vulnerable to adverse market, economic or political conditions. Real Estate investments are subject to many of the risks associated with direct real estate ownership, such as changes in economic conditions, credit risk, property taxes, zoning laws, and interest rate fluctuations. Derivatives can be illiquid, may disproportionately increase losses and may have a potentially large negative impact on performance. Non-diversification occurs when portfolio assets are invested in fewer securities, industries, currencies or countries than in diversified investment portfolios, Non-diversification increases risk because each investment has a greater effect on portfolio performance and can also be affected by single economic, political or regulatory occurrences. Geographic concentration occurs when a portfolio concentrates its investments in one country or region. Portfolio performance is expected to be closely tied to the social, political, and economic conditions in that country or region, and may therefore be more volatile than the performance of more geographically diversified funds.
Investors should read the prospectus carefully before investing.
The HSBC funds are sub-funds of the HSBC Global Investment Funds, a Luxembourg domiciled SICAV. All applications are made on the basis of the current HSBC Global Investment Funds Prospectus, Key Investor Information Document (KIID), Supplementary Information Document (SID) and most recent annual and semi-annual reports, which can be obtained from https://investorfunds.us.hsbc.com/default.fs (under Offshore Funds Literature) or free of charge from HSBC Global Asset Management (UK) Limited, 8 Canada Square, Canary Wharf, London E14 5HQ, UK. Investors and potential investors should read and note the risk warnings in the prospectus and relevant KIID and additionally, in the case of retail clients, the information contained in the supporting SID.
US persons (both entities and individuals) are subject to US taxation on their worldwide income and may be subject to tax and other filing obligations with respect to their US and non-US accounts. Foreign Account Tax Compliance Act (FATCA) is a US law designed to prevent the use of non-US accounts or non-US entities to avoid US taxation of income and assets. To meet this objective, FATCA imposes on US and non-US entities certain documentation, due diligence, withholding and reporting requirements with respect to accounts and certain payments. Investors should consult their independent tax advisors about investment tax implications.
© Copyright 2016 HSBC Global Asset Management (USA) Inc. All rights reserved.
|ARE NOT A BANK DEPOSIT OR OBLIGATION OF THE BANK OR ANY OF ITS AFFILIATES
||ARE NOT FDIC INSURED
||ARE NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
||ARE NOT GUARANTEED BY THE BANK OR ANY OF ITS AFFILIATES. MAY LOSE VALUE
All decisions regarding the tax implications of your investment(s) should be made in connection with your independent tax advisor.