HSBC GLOBAL INVESTMENT FUNDS - TURKEY EQUITY BDGBP/  LU0854291753  /

The sub-fund seeks long-term returns from capital growth and income by investing at least two thirds of its non-cash assets in any securities, primarily denominated in Turkish liras, either issued or guaranteed by the government, or by government agencies, of Turkey, or issued by companies which have their registered office in Turkey. The sub-fund will seek to invest primarily in Non-Investment Grade fixed income (e.g. bonds). As Turkey's sovereign credit rating improves over time, the universe of Investment Grade fixed income and similar securities is expected to increase. If the Investment Adviser considers those securities to offer attractive opportunities, he may increase the weighting to Investment Grade fixed income securities in the sub-fund. Depending on the Investment Adviser's view as the attractiveness of the Turkish equity markets, he will invest between 25 % and 50% of the sub-fund's net asset value in equity and equity equivalent securities issued by companies which have their registered office in, and/or with an official listing in, Turkey, as well as companies which carry out a preponderant part of their economic activities in Turkey. Investments in a combination of convertible bonds and options will be subject to a limit of 25%.

The sub-fund seeks long-term returns from capital growth and income by investing at least two thirds of its non-cash assets in any securities, primarily denominated in Turkish liras, either issued or guaranteed by the government, or by government agencies, of Turkey, or issued by companies which have their registered office in Turkey. The sub-fund will seek to invest primarily in Non-Investment Grade fixed income (e.g. bonds).