HSBC Global Liquidity Funds plc - HSBC Euro Liquidity Fund A
ISIN IE0030028439 / Valor 1238105
HSBC Global Liquidity Funds plc - HSBC Euro Liquidity Fund A
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HSBC Euro Liquidity Fund aims to protect capital, provide daily access to cash and deliver a return broadly in line with euro money markets. To do this, the fund is actively managed and invests in a diversified mix of short-term, high-quality securities, instruments and obligations that mature in 397 days or less and are issued by companies, governments and government-related entities, with investments rated at least A-1 or P-1 at the time of purchase. The portfolio may include certificates of deposit, commercial paper, bankers’ acceptances, medium-term and variable or floating-rate notes, government bonds, corporate bonds, treasury bills, Eurobonds, asset-backed securities and reverse repurchase agreements, all listed or traded on recognised markets. In practice, the manager appears to seek a balance of capital preservation, liquidity and money-market-style income by focusing on short-duration instruments and maintaining a diversified, credit-quality conscious portfolio. The fund is designed for daily dealing, so investors can redeem on any business day.
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