Investment objective changes to the underlying fund of HSBC Hong Kong Equity Fund

04 Sep 2026

Notification of changes to the underlying fund of:

• J56 HSBC Hong Kong Equity
• H55 HSBC Hong Kong Equity*

("Together  the “Affected Mirror Funds”)

We have been notified by the Directors of HSBC Global Investment Funds (the “Company”) of upcoming changes to the HSBC Global Investment Funds - Hong Kong Equity, which is the underlying fund (the “Underlying Fund”) of the Affected Mirror Funds. These changes will take effect 30 September 2026 (the "Effective Date").

Reclassification of the Underlying Fund to Article 6 under the European Union Sustainable Finance Disclosure Regulations (SFDR)

From the Effective Date, the Company are updating the investment objective of the Underlying Fund to reflect that it will be managed as an Article 6 fund under the SFDR, which relates to funds for which environmental, social and/or governance factors (ESG) and sustainability are not part of their investment process, instead of its current status as an Article 8 SFDR fund.

In addition to amending the Underlying Fund to Article 6, restrictions on investing in companies with exposure to specific excluded activities (“Excluded Activities”) are less burdensome than for Article 8 SFDR funds. The Underlying Fund will still need to comply with banned weapons and thermal coal (expenders) exclusions but other exclusions (such as controversial weapons, thermal coal (revenue threshold), tobacco production and non-compliance with United Nations Global Compact (UNGC) Principles) will no longer apply. The specific Excluded Activities applicable to the Underlying Fund are disclosed in its investment objective.

The Pre-Contractual Disclosure document for the Underlying Fund will no longer be applicable and will be removed from ‘Appendix 6. SFDR regulatory technical standard (RTS) Disclosure Requirements’ found in the Underlying Fund’s Prospectus at the Company’s next rewrite opportunity.

The change in sustainability approach of the Underlying Fund reflects the prevailing SFDR classification of comparable Hong Kong equity strategies. Since the Underlying Fund was classified as Article 8 fund under SFDR in October 2022, the investment universe for Hong Kong equity securities has not been consistently covered by third-party ESG data providers, which has constrained the application of the Underlying Fund’s Article 8 commitments. Following the Effective Date, sustainability risks will continue to be integrated under Article 6 of SFDR.

The Company agrees that the above change in the sustainability approach is in the best interests of those invested in the Underlying Fund and therefore determine that it is appropriate to revise the investment objective and to amend the sustainability approach within the Underlying Fund in line with Article 6 requirements of SFDR from the Effective Date.

Please refer to the changes in the Appendix in the HSBC Global Investment Funds notification opposite.

The Company has said the changes mentioned above, and as detailed in its notification opposite, will have an impact on the Underlying Fund’s overall investment approach. The holdings will not change as a direct result of these changes, however they may evolve over time under the new investment objective.

There will be no change to the ongoing charges and expenses relating to the Underlying Fund following these changes.

These changes will happen automatically within impacted policies or contracts and policyholders do not need to take any action if they are happy with the above changes. 

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*Fund applicable to Hong Kong designated policyholders.