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HSBC FTSE ALL-SHARE INDEX A - Fund overview

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Overview of HSBC FTSE ALL-SHARE INDEX A

This fund aims to track the performance of the FTSE All-Share Index. This index consists of more than 600 UK equities, weighted by market value. Run by HSBC's passive funds team, the fund invests in some 60% of the physical securities listed on the index and as such follows a "sampling" strategy. The fund's total expense ratio is a very competitive 0.27%.

Standard Initial Charge

0.00% 0.00%

Fund summary

Sector  UK All Companies
Product type  OEIC
Launched  November, 2001
Size  £351m
Yield 3.2%
Charging basis  –
Dividends paid  –
Bid price(inc) 238.30p
Bid price(acc) 334.00p

Fund Charges

Standard Initial charge 0.00%
Initial charge via Bestinvest 0.00%
Additional bid/offer spread 0.00%
Annual management charge 0.25%
Total expense ratio 0.29%
Reduction in yield (10yr) 0.29%

Bestinvest says


The fund provides a simple, low cost and flexible way of investing in the UK stockmarket by tracking the FTSE All-Share Index. Whilst the index is broad in nature it is still dominated by large companies in terms of market value (some 80% of the index) and it can be concentrated by sector. Active fund managers have historically struggled to add value at the large cap end of the UK equity market, making low cost passive funds like this an attractive alternative as part of a diversified portfolio.

Portfolio

hsbc ftse all-share index a asset allocation illustration
Allocation Proportion
Equity 96%
High yield bonds
Quality bonds
Property
Commodities
Hedge
Fund cash 4%
hsbc ftse all-share index a equity geographic illustration
Allocation Proportion
UK 98%
Europe 1%
Nth America 0%
Japan 0%
Pacific 0%
Other Equity 1%
hsbc ftse all-share index a equity capitalisation illustration
Allocation Proportion
Large Caps 79%
Mid Caps 18%
Small Caps 3%

Investment process


The method of replicating the index is called partial representation or sampling. This means that the fund does not by every stock in the index, and will take a "basket" approach to some stockmarket industries in its attempt to replicate it. The FTSE All-Share Index is a market capitalisation weighted index and therefore some stocks have a greater weighting and therefore greater effect on performance. By only engaging in partial replication it is possible to keep the costs down however, the tracking error (divergence from the index as measured by standard deviation) will be higher than a fully replicating index.

The value of your investments and the income from them can go down as well as up, and you can get back less than you originally invested. Past performance or any yields quoted should not be considered reliable indicators of future returns. Before investing in funds please check the specific risk factors on the key features document or refer to our risk warning notice as some funds can be high risk or complex; they may also have risks relating to the geographical area, industry sector and/or underlying assets in which they invest. Prevailing tax rates and relief are dependent on your individual circumstances and are subject to change.

Bestinvest (Brokers) Ltd & Bestinvest (Consultants) Ltd are authorised and regulated by the Financial Services Authority. This site is for UK Investors only

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