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The Treasurer's Global Guide to Investing Cash

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The Treasurer's Global Guide to Investing Cash The Treasurer’s Global Guide to Investing Cash From HSBC Global Asset Management in association with The Association of Corporate Treasurers AuthoredAuthored by by With contributions from With contributions from 19-I-0880 - Treasurer's Guide 2019 v03.indd 1 10/10/2019 13:53:46 Make your short term cash count Partner with HSBC Global Liquidity For more information, please contact us or visit our website: HSBC Global Asset Management has over 25 years of Asia: experience advising, executing and managing liquidity strategies. We can partner with companies and other T: +852 2284 1376 financial institutions worldwide at every stage of their cash E: [email protected] management process, from managing cash flow to devising Americas: and implementing an appropriate investment strategy. This T: +1 (1) 212 525 5750 means we can deliver solutions on any scale, local or cross- border, regional or global. E: [email protected] We offer Liquidity solutions in a range of currencies, applying EMEA: our consistent investment process not only in the developed T: +44 (0) 20 7991 7577 markets, but also in emerging currencies where clients may E: [email protected] be less familiar with the local marketplace. www.globalliquidity.hsbc.com The value of investments can go down as well as up and investors may not get back the amount originally invested. Past performance is not a guarantee of future returns. For Professional Clients only and not to be distributed to or relied upon by Retail Clients. The document has been issued by HSBC Global Asset Management (UK) Limited, which is authorised and regulated by the Financial Conduct Authority. It is intended for information only and does not constitute investment advice or a recommendation to buy or sell investments. Please note that due to local regulations our services will not be available in all jurisdictions. © Copyright HSBC Global Asset Management (UK) Limited 2019. I 0880 19-I-0880 - Treasurer's Guide 2019 v03.indd 3 10/10/2019 13:53:51 2019 The Treasurer’s Global Guide to Investing Cash Together we thrive 2019 | The Treasurer’s Global Guide to Investing Cash ii © The Association of Corporate Treasurers and WWCP Limited (except the articles and case studies supplied by HSBC Global Asset Management (UK) Limited) 2019. The Association of Corporate Treasurers WWCP 69 Leadenhall Street 140 Cromwell Road London Whitstable EC3A 2BG CT5 1NQ Phone: + 44 (0)20 7847 2540 Phone: +44 (0)7949 055686 www.treasurers.org Email: [email protected] All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of The ACT and WWCP Limited. © For articles and case studies. HSBC Global Asset Management (UK) Limited 2019. All rights reserved. No part of these articles or case studies may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise, without the prior written permission of HSBC Global Asset Management Limited. Typeset by www.thegathercreative.co.uk Printed by Pensord Press, Blackwood, UK. For professional clients and intermediaries within the countries set out below and for professional investors in Canada and institutional investors in the USA and Singapore. This document should not be distributed to or relied upon by retail clients/investors. The contents of this document may not be reproduced or further distributed to any person or entity, whether in whole or in part, for any purpose. All non-authorised reproduction or use of this document will be the responsibility of the user and may lead to legal proceedings. The material contained in this document is for informational purposes only and neither constitutes a prospectus, request/offer, nor advice or recommendation of any kind, e.g., to buy/subscribe or sell/redeem the described fund or to perform any transaction of any kind. This document has no contractual value and is not by any means intended either as a solicitation, or a recommendation for the purchase or sale of any financial instrument in any jurisdiction in which such an offer is not lawful. The views and opinions expressed herein are those of HSBC Global Asset Management at the time of preparation and are subject to change at any time. The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested. Past performance contained in this document is not a reliable indicator of future performance whilst any forecasts, projections and simulations contained herein should not be relied upon as an indication of future results. Where overseas investments are held the rate of currency exchange may cause the value of such investments to go down as well as up. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in some established markets. Economies in Emerging Markets generally are heavily dependent upon international trade and, accordingly, have been and may continue to be affected adversely by trade barriers, exchange controls, managed adjustments in relative currency values and other protectionist measures imposed or negotiated by the countries with which they trade. These economies also have been and may continue to be affected adversely by economic conditions in the countries in which they trade. Mutual fund investments are subject to market risks, read all scheme related documents carefully. The material contained herein is for information only and does not constitute legal, tax or investment advice or a recommendation to any reader of this material to buy or sell investments. You must not, therefore, rely on the content of this document when making any investment decisions. This document is not intended for distribution to or use by any person or entity in any jurisdiction or country where such distribution or use would be contrary to law or regulation. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe to any investment. Any views expressed were held at the time of preparation, reflected our understanding of the regulatory environment; and are subject to change without notice. The funds mentioned in this document are sub-funds of HSBC Global Liquidity Funds plc, is an open-ended Investment company with variable capital and segregated liability between sub-funds, which is incorporated under the laws of Ireland and authorised by the Central Bank of Ireland. The company is constituted as an umbrella fund, with segregated liability between sub-funds. UK based investors in HSBC Global Liquidity Funds plc are advised that they may not be afforded some of the protections conveyed by the provisions of the Financial Services and Markets Act 2000. The Company is recognised in the United Kingdom by the Financial Conduct Authority under section 264 of the Act. The shares in HSBC Global Liquidity Funds plc have not been and will not be publicly offered for sale in the United States of America, its territories or possessions and all areas subject to its jurisdiction, or to United States Persons. All applications are made on the basis of the current HSBC Global Liquidity Funds plc Prospectus, Key Investor Information Document, Supplementary Information Document (SID) and most recent annual and semi-annual reports, which can be obtained upon request free of charge from HSBC Global Asset Management (UK) Limited, 8 Canada Square, Canary Wharf, London, E14 5HQ. UK, or the local distributors. Investors and potential investors should read and note the risk warnings in the prospectus and relevant KIID and additionally, in the case of retail clients, the information contained in the supporting SID. It is important to remember that there is no guarantee that a stable net asset value will be maintained. 2019 | The Treasurer’s Global Guide to Investing Cash iii HSBC Global Liquidity Funds are Money Market Funds (MMF) and therefore: i. are not a guaranteed investment; ii. are different from an investment in deposits and there is a risk that the principal invested in an MMF may fluctuate; iii. do not rely on external support for guaranteeing the liquidity of the MMF or stabilising the NAV per unit or share; iv. the risk of loss of the principal is borne by the investor. The MMF has availed of the derogation provided for under Article 17(7) of the Money Market Fund Regulation and accordingly a Fund may, in accordance with the principle of risk-spreading, invest up to 100% of its assets in different money market instruments issued or guaranteed separately or jointly by the European Union, the national, regional and local administrations or their central banks, the European Central Bank, the European Investment Bank, the European Investment Fund, the European Stability Mechanism, the European Financial Stability Facility, a central authority or central bank of a third country, the International Monetary Fund, the International Bank for Reconstruction and Development, the Council of Europe Development Bank, the European Bank for Reconstruction and Development, the Bank for International Settlements, or any other relevant international financial institution or organisation to which one or more member states of the European Union belong. HSBC Global Asset Management is a group of companies in many countries and territories throughout
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