Fund Name: HSBC Asset Management Multi Asset Cautious Fund (First Variable)
Founder: HSBC Asset Management A.Ş.
Portfolio Manager: HSBC Asset Management A.Ş.
Financial Instruments:
Fund aims to obtain interest income in Turkish Lira.
Fund invests in TRY denominated fixed income securities mostly. This fund may invest in foreign and local ETFs.
Risk Profile of fund is Low Risk.
Revenue targets of fund are long term. Consequently, this fund may not be suitable for the investors planning to leave from fund in a short time period.
Fund may invest in foreign financial instruments in order to increase yield and distribute risk.
Additionally, fund may invest in other funds and exchange traded funds (ETF).
Fund may invest in future and option contracts and other type of derivatives exchanged in local markets in order to avoid risk and/or for investment purposes.
Frequency of Fund's Price Announcement: Daily
Subscription of Fund: According to notice period determined in Fund's prospectus.
Redemption of Fund: According to notice period determined in Fund's prospectus.
Subscription and Redemption Principles: Subscription orders given until 13:30 on the working days will be realized with the share price announced next working day at 10:00 and the order will be executed next working day (T+1). Subscription order given between 13:30 and 24:00 will be realized with the share price announced on next second working day at 10:00 and the order will be executed on next second day.(T+2) Please for fund subscription hours.
Redemption orders given until 13:30 on the working days will be realized with the price announced next working day at 10:00 and the order will be executed on the next second working day. (T+2) Redemption orders given between 13:30 and 24:00 will be realized with the share price announced next second working day at 10:00 and the order will be executed on next third day.(T+3) Please fund redemption hours.
Subscription and redemption orders can be given through HSBC Bank branches, Internet Banking, Mobile Banking, Telephone Banking and ATM channels.
Management Fee: Annual 1,53%
Risk Profile of Fund: Multi Asset Cautious Variable Fund (First Variable) is aligned with the risk profile of customers who are willing to take “Low Risk”. Fund aims to have portfolio diversity and thereby distribute risk by investing in different type of risky financial instruments. Accordingly, the fund's risk profile will be lower than equity intensive funds and the other multi asset funds, but higher than money market funds and short term fixed income funds. The fund's risk profile is calculated based on historical price fluctuations of the financial instruments held within the fund's portfolio. Since, the historical prices do not guarantee future prices, there might be fluctuations in fund's determined risk profile.
Currency: TRY (Turkish Lira)
Tax: Earnings from sale of mutual funds are subject to 10% withholding tax.
Information: : For further information about the Fund, fund's prospectus and internal regulation and periodic reports please .