Quick Stats

Bid Price - Offer Price -
Mid Price GBX 118.00 Day Change GBX -0.70 (-0.59%)
Price Date 28 Jun 2017 Crown Rating 4
Shares Class Inc. Yield 3.65 %
Total Expense Ratio 0.00 Fund Size 519,186,400.00
Launch Date 09/11/2006 Standard Initial Charge (%) 0.00
Currency GBX ISA Eligible Yes
Annual Management Charge (%) 1.25 Sector IMA UK Equity Income
Min Investment (£) 1,000.00 Total Expense Ratio (%) 0.00
ISIN GB00B1G3FH19 Min TopUp (£) 500.00

Fund Objective

The fund seeks to provide a high level of income by investing in a broad range of asset classes, across global markets. The fund will invest primarily in collective investment schemes that in turn invest in fixed income securities, higher yielding equities, property, commodities and derivatives. The ACD may also invest at its discretion in other transferable securities, money market deposits, cash and near cash. Subject to obtaining and maintaining the requisite permissions from the FCA under the Financial Services and Markets Act 2000 on giving 60 days' notice to Shareholders, the Fund may, in addition to its other investment powers, use exchange traded and over the counter derivatives and forward currency contracts for investment purposes. Using these investment powers for investment purposes means, in particular, maintaining positions in these investments for the long term rather than just for tactical short-term purposes. [Note: where the use of derivatives is for investment purposes in addition to hedging it is envisaged that the use of such instruments will not affect the overall risk profile of the Fund.]

Fund Managers

Jonathan Samson Rebak
Jon Rebak joined the team in February 2000 as a Portfolio Manager whose main responsibilities include fund-of-funds management, the provision of asset allocation, fund selection and client services for UK Equity. Jon has over 31 years experience in the investment industry and has been employed by HSBC continually for this period. Jon holds a BA in Geography from the University College of Wales Lampeter.
Jonathan Samson Rebak
Jon Rebak joined the team in February 2000 as a Portfolio Manager whose main responsibilities include fund-of-funds management, the provision of asset allocation, fund selection and client services for UK Equity. Jon has over 31 years experience in the investment industry and has been employed by HSBC continually for this period. Jon holds a BA in Geography from the University College of Wales Lampeter.
Justin Mark Turner
Justin has over 22 years of experience in the financial services industry and joined HSBC Global Asset Management in 1994 having worked previously in the commercial banking arm of the HSBC Group. During this time Justin has worked across our institutional, wholesale and wealth businesses, heading our institutional client management team and maintaining responsibility for key institutional clients, including insurers, banks, trusts and pension schemes. He is a Board Director of Mark & Spencer Unit Trust Management Ltd and Marks & Spencer Savings and Investment Ltd as well as member of the HSBC Global Asset Management UK Investment Committee and Asset Allocation Committee.Justin currently manages multi-asset class portfolios for institutional clients as well as working across the broader investment business to ensure effective communication of our investment processes and views. Justin is a graduate of Financial Services, a holder of the Investment Management Certificate, passed the Chartered Financial Analyst (CFA), level I in 2000 and Authorised by the FSA in the UK.
Stephen David Doran
Stephen is a Senior Fund Manager in the multi asset team, where he manages multi asset portfolios for institutional and charity clients. He joined HSBC Global Asset Management in 2005 after starting his career with JP Morgan and he is a graduate of the University of St. Andrews. He has a degree in Management, a Masters in International Business and is a CFA Charterholder.