HSBC amends Global Corporate Bond ETF prospectus

DUBLIN - HSBC Global Funds ICAV has announced a proposed amendment to the prospectus of its Global Corporate Bond UCITS ETF, a move that will see the removal of references to investments in Asset Backed Securities (ABS) and Mortgage Backed Securities (MBS) from the fund’s supplement. The decision comes as these types of securities are not currently part of the fund’s investment strategy.

The existing supplement language states that the Sub-Fund may invest in ABS and MBS, which are part of the Index constituents and may be callable. However, the revised wording will simply indicate that the Sub-Fund may invest in corporate Investment Grade bonds, corporate emerging market bonds, and other bonds that are constituents of the Index.

This change is pending approval from the Central Bank of Ireland and is expected to take effect on or around April 28, 2025. Shareholders of the Sub-Fund are not required to take any action in response to this notification.

The Directors of the ICAV have taken responsibility for the accuracy of the information presented in the amendment notice, ensuring that all details are in line with the facts and that no significant information has been omitted.

The amendment aims to clarify the investment parameters of the Sub-Fund and align the prospectus more accurately with its actual investment practices. It is part of the company’s ongoing efforts to provide transparent and up-to-date information to its investors.

This notification to shareholders is based on a press release statement and has not been reviewed by the Central Bank of Ireland, which may necessitate further changes to meet the Central Bank’s requirements.

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