HSBC GLOBAL SUKUK INDEX FUND (ACC., GBP) HSKG.GB

The HSBC Global Sukuk Index Fund is a UCITS ETF managed by HSBC Asset Management whose objective is to provide regular income and capital growth by tracking as closely as possible the performance of the FTSE IdealRatings Sukuk Index (total return).

The Index consists of global US-dollar denominated investment-grade Sukuk ("Islamic fixed income securities") that comply with Shariah principles, requiring issuers and the securities themselves to conform to the guidelines set by a Shariah Committee.

The ETF is passively managed, using an optimisation technique to replicate or approximate the Index with attention to tracking error and trading costs. The fund's asset class is global Sukuk (Islamic bonds) with investment-grade credit quality.

It invests primarily in securities issued in the global markets, denominated in US dollars, and Shariah compliance is enforced throughout the portfolio. The issuer is HSBC Global Funds ICAV under HSBC Asset Management.

It is structured as an ETF and is UCITS V compliant, domiciled in Ireland.