HSBC Global Investment Funds Global Equity Volatility Focused

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1 Important information: The Fund invests primarily in global equities. The Fund is subject to the risks of investing in emerging markets. For certain classes of the Fund, the Fund may pay dividends out of capital or pay dividends gross of expenses. Investors should note that the payment of dividends out of capital or effectively out of capital represents a return or withdrawal of part of the amount they originally invested or from any capital gains attributable to the original investment. Such distributions may result in an immediate decrease in the net asset value of the Fund. The Fund s investments may involve substantial market, currency, volatility, regulatory and political risks. Investors may suffer substantial loss of their investments in the Fund. Unit trusts are NOT equivalent to time deposits. Investors should not invest in the Fund solely based on the information provided in this document and should read the offering document of the Fund for details. HSBC Global Investment Funds Global Equity Volatility Focused

2 A smoother ride to capture equity investment opportunities amidst global recovery The global economy is on a gradual recovery path with improving macro-economic data and corporate profits. However, the continuation of Quantitative Easing (QE) tapering in 2014 coupled with the geopolitical risk, means that markets may be struck by bouts of volatility as risky assets are re-priced. Investors who want to reap the benefits of equity investing, but are scared by market uncertainty may consider investment strategies that aim to reduce volatility in a portfolio, but still target broad market returns.

3 Why invest in HGIF Global Equity Volatility Focused^? 1 Exposure to global equities with potentially lower volatility and better risk adjusted returns As a reference, historic data of MSCI indices shows that low volatility strategies can outperform over the long term The Fund aims to invest in quality companies with attractive profitability and valuation, plus sustainable cash flow As evidenced by the MSCI indices, the long-term The Fund will not chase momentum; this helps to performance of MSCI World Minimum Volatility avoid investing in overvalued names Index has delivered better risk adjusted return than that of the MSCI World Index over the past What are quality stocks? 25 years 1 Historical Gross MSCI World MSCI World Total Return, USD Index Minimum Vol. Index Total return* (%) Total risk* (%) Risk adjusted return Focus on quality stocks Attractive valuations Strong cash generation High return of invested capital and profitability Strong balance sheet Good management quality 3 Smart diversification A combination of lower volatility and higher volatility names that are less correlated helps to ensure diversification at the portfolio level The Fund contains both defensive names and cyclical names, to avoid sector concentration Classification examples Defensive Sectors Consumer Staples Healthcare Telecom Services Utilities For illustrative purposes only. Cyclical Sectors Consumer Discretionary Industrials Materials Energy Financials Information Technology 4 Dividend potential in a low interest rate environment Quality companies generating higher profitability have the potential to pay dividends in a low interest rate environment Historical dividend yield (MSCI ACWI Index) 2 % Apr 04 Apr 05 Apr 06 Apr 07 Apr 08 Apr 09 Apr 10 Apr 11 Apr 12 Apr 13 Apr 14 Dividend yield of the index does not represent the dividend yield of the Fund. ^ HGIF: HSBC Global Investment Funds. 1. Source: MSCI, *annualised from May 1988 to February Past performance is not indicative of future performance. Performance of the indices does not represent the performance of the Fund. 2. Source: Bloomberg, data as of 30 April 2014.

4 Investment objectives The Fund aims to provide long-term total return by investing in a portfolio of equities. It aims for lower portfolio volatility relative to that of the MSCI All Country World Index through portfolio construction. Fund details Initial offer period Launch date Class of shares Currency Minimum investment Initial offer price Management fee Switching charge Dividend policy # Fund manager Investment advisor HSBC fund code HSBC risk level 18 June June June 2014 Class AM / AMHKD / AMHAUD / AMHCAD / AMHEUR / AMHSGD USD / HKD / AUD / CAD / EUR / SGD USD1,000 / HKD10,000 / AUD1,500 / CAD1,000 / EUR850 / SGD1,250 USD / HKD / AUD / CAD / EUR / SGD (includes a sales charge of 5.25% of the initial offer price) 1.5% p.a. 1% Monthly, if any (Class AM / AMHKD / AMHAUD / AMHCAD / AMHEUR / AMHSGD) Angus Parker HSBC Global Asset Management (UK) Limited Class AM U62593 Class AMHKD U62592 Class AMHAUD U62594 Class AMHCAD U62595 Class AMHEUR U62596 Class AMHSGD U Indicative Portfolio (as at 30 April 2014) * Country Allocation Switzerland 1.7% Denmark 1.9% Canada 2.3% Australia 3.8% Germany 4.4% China 6.7% Japan 9.7% United Kingdom 10.4% Sector Allocation Utilities 1.7% Materials 4.1% Cash 0.9% Telecom Services 6.8% Financials 19.4% Industrials 8.1% Information Technology 8.5% Healthcare 9.1% Energy 10.2% Thailand 1.6% Cash 0.9% United States 56.5% Consumer Discretionary 16.3% Consumer Staples 15.0% * Indicative portfolio as at end April The portfolio details are for illustration purposes only and the actual universe and allocation may differ. # Dividend is not guaranteed and may be paid out of capital which will result in capital erosion and reduction in net asset value. Any change to such a dividend policy is subject to the SFC s approval and prior investor notification. Composition of the latest dividends is available from HSBC Global Asset Management on request and also on its website. Subject to on-going review by The Hongkong and Shanghai Banking Corporation Limited.

5 Suitable investors The Fund may be suitable for investors who have a long-term investment horizon and: would like equity exposure but with lower risk appetite wish to participate in the global recovery theme seek income potential in an equity portfolio understand and are willing to assume the risk associated with investing in the equity markets Due to the Fund s investment approach, the Fund s investment may have less sensitivity to the market both in up and down markets, especially during periods where the market is momentum driven. Potential risks Investment risk: The value of investments and any income from them can go down as well as up and investors may not get back the amount originally invested. Exchange rate risk: Investing in assets denominated in a currency other than that of the investor s own currency perspective exposes the value of the investment to exchange rate fluctuations. Emerging markets risk: The Fund may invest in developed markets as well as emerging markets. Emerging economics typically exhibit higher levels of investment risk. Markets are not always well regulated or efficient and investments can be affected by reduced liquidity. For more detailed information on the risks associated with this fund, investors should refer to the offering document of this fund. Product key facts Summary of the Explanatory Memorandum Investment involves risk. Please refer to the offering document for further details including the risk factors. The document has not been reviewed by the Securities and Futures Commission. The document is prepared for general information purposes only. All views expressed cannot be construed as an offer or recommendation by HSBC Global Asset Management (Hong Kong) Limited ( AMHK ). AMHK and HSBC Group shall not be held liable for damages arising out of any person's reliance upon this information. Any person considering an investment should seek independent advice on the suitability or otherwise of the particular investment. Issued by HSBC Global Asset Management (Hong Kong) Limited _GEVF_HSBC