HSBC Asset Management Global ETF Fund Basket Fund
Investment purpose of mutual fund is to obtain return on US Dollar basis by investing in various asset classes denominated in foreign currencies, mainly US Dollar. While 80% of fund portfolio is continuously invested in mutual funds and exchange traded funds denominated in foreign currency, rest is invested in cash and money market instruments. Threshold level of the fund is 12 month US Dollar Libor Interest Rate. Fund targets to obtain return in long term, therefore it may not be suitable for investors who want to liquidate their positions in less than one year. Fund price may be affected from fluctuations in exchange rates and in various instruments and markets since it invests in both local and international instruments.
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