HSBC American Index Inst Inc
|Bid Price||-||Offer Price||-|
|Mid Price||GBX 468.50||Day Change||GBX -3.50 (-0.74%)|
|Price Date||5 Dec 2016||Crown Rating|
|Shares Class||Inc.||Yield||1.42 %|
|Total Expense Ratio||0.00||Fund Size||2,290,080,500.00|
|Launch Date||31/10/1988||Standard Initial Charge (%)||0.00|
|Annual Management Charge (%)||0.00||Sector||IMA UK Equity Income|
|Min Investment (£)||10,000,000.00||Total Expense Ratio (%)||0.00|
|ISIN||GB00BYWKBM47||Min TopUp (£)||0.00|
The fund seeks to provide long term capital growth by matching the return of the S&Pâ™s 500 Index. The fund will invest in companies that make up the S&Pâ™s 500 Index.The ACD reserves the right to exercise the full powers of the fund in relation to borrowing and efficient portfolio management as and when it considers that the circumstances which then exist make it appropriate to do so. The scheme property may also not consist of the exact composition and weighting of the underlying in the index in circumstances where the ACD determines that this is expedient for reasons of poor liquidity or excessive cost to the fund.
Bijan is a senior fund manager Head of Equity Index Funds and has headed the team since 2009. He joined the Indexation and ETF Team in 2007 having originally joined HSBC Global Asset Management in 1995. Bijan holds a BSc in Psychology/Philosophy from Bristol University an MSc in Information Systems & Technology from City University in London and a Post-Graduate certificate in Economics from Birkbeck University of London.