HSBC Horizont 1J Substanz AD

HSBC Strategie Substanz seeks to deliver returns above German government bonds with minimal volatility by investing in a diverse array of interest-bearing securities. The fund’s portfolio includes both domestic and international government bonds, covered bonds (Pfandbriefe), corporate bonds, high-yield bonds, and bonds from emerging markets. Additionally, it may hold convertible bonds, money market instruments, and deep discount certificates, using individual bonds, ETFs, and other special investment vehicles to create a well-rounded fixed-income portfolio without investing directly in stocks.