Fund Description

The fund was incepted in January 1995 and is managed by HSBC Asset Management (Americas). The fund seeks long-term growth of capital and future income through investment primarily in securities of non-U.S. issuers and securities whose principal markets are outside the United States. The fund normally invests at least 80% of its assets in equity securities of companies organized and domiciled in developed nations outside the United States or for which the principal trading market is outside the United States, including Europe, Canada, Australia and the Far East. The fund may invest up to 20% of its assets in equity securities of companies in emerging markets. The fund may also invest in derivative instruments, including, but not limited to, foreign currency futures contracts and options on foreign currencies and foreign currency futures. Dividends and capital gains are distributed annually.