HSBC Corporate Bond Acc

IMA Sector:

Corporate Bond

ISIN:

GB0000175165

Fund Type:

OEIC

294.00p
   
  • PEP:
  • ISA:
  • CAT Std:
  • Date: 30-Oct-2024
  • Change: 0.60p
  • Change %: 0.20%
  • Currency: GBP
  • YTD change: 10.00p
  • YTD %: 3.52%

Fund Objective

The Fund's investment objective is to provide a high quarterly income. It invests in corporate bonds and Government securities.

View on Past Performance

Government bond markets were mixed, with short-maturity paper rallying but longer-dated bonds stable to weaker. The corporate bond market was extremely weak, with credit spreads on all types of bond widening sharply. Given the defaults in the US, financials of all kind were very weak. Elsewhere, industrials performed poorly.While not immune from wider spreads, the sale of financials during the summer offered some protection. Changes in September were modest. Shortmaturity AIG paper was sold after the US loan was announced. The fund also benefited from an underweight Lloyds TSB position and this was closed post-HBOS merger.

Future Expectations

Credit market conditions remain fragile given recent news and as events unfold. This will ultimately provide opportunities, but buyers can afford to be patient. We continue to try to restrict corporate exposure to names able to weather the economic downturn.

Fund Details

Latest Price 294.00p IMA Sector Corporate Bond
Currency British Pound Launch Date 19/02/1996
Fund Size n/a Fund Manager
ISIN GB0000175165 Dividend 0.00p

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Price Info

Date 30-Oct-2024
NAV 294.00p
Currency GBP
Change 0.60p
% 0.20%
YTD change 10.00p
YTD % 3.52%

Fund Facts

Fund Inception 19/02/1996
Fund Manager n/a
TER 1.16 (15-Jan-2012)

Fund Reports

Minimum Investment
Initial £1000
Additional £500
Savings £50
Charges
Initial 4.00%
Annual Mang't 1.00%
Exit n/a

Risks

Name %
Standard deviation 0.01
Sharpe ratio 0.04

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