# Objectives and Investment Policy
## Investment Objective:
The Fund aims to provide long term capital growth and income by investing in a portfolio of shares of companies that may benefit from increasingly constrained healthcare budgets anywhere in the world, while promoting ESG characteristics.
The Fund promotes ESG characteristics within the meaning of Article 8 of SFDR. More information on HSBC Global Asset Management’s responsible investing policies is available at www.assetmanagement. hsbc.com/about-us/responsible-investing/policies.

## Investment Policy:
In normal market conditions, the Fund will invest at least 70% of its assets in shares (or securities similar to shares) of Sustainable Healthcare Companies of any size, that are based in developed and emerging markets.
The Fund will invest in shares of companies with current or expected revenue exposure to sustainable healthcare products. The Fund’s aims are aligned with goal three of the UN sustainable development goals,.
The Fund will not invest in shares (or securities similar to shares) of companies which have material exposure, exceeding a revenue exposure threshold, to specific Excluded Activities which will not be higher than 30% of the relevant company’s total revenue. Please refer to the prospectus for further details on sustainable healthcare products, and Excluded Activities.

## The Fund may invest up to 40% in China A and China B-shares. For China A-shares, up to 20% through the Shanghai-Hong Kong Stock

## Connect and the Shenzhen-Hong Kong Stock Connect, up to 20% in CAAPs and up to 10% in CAAPs issued by any single issuer.

## The Fund may invest up to 40% of its asset in stocks listed on the ChiNext Board of the Shenzhen Stock Exchange and/or the Science and Technology Innovation Board of the Shanghai Stock Exchange.

## The Fund may invest in money market instruments and up to 10% in other funds.

## The Fund may invest in derivatives and use them for hedging and cashflow management purposes.
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## The Fund may enter into securities lending transactions for up to 29% of its assets. However, this is not expected to exceed 25%.
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## The reference currency of the Fund is USD. The reference currency of this share class is EUR.
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## The Fund is actively managed and does not track a benchmark. The reference benchmark for the Fund is MSCI World Health Care Index (USD).
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The Investment Advisor will use its discretion to invest in securities not included in the reference benchmark based on active investment management strategies and specific investment opportunities. It is foreseen that the reference benchmark will not be used as a universe from which to select securities.
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## Income is reinvested.
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## You may sell your investment on most working days.
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## Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within a period of 5 years.

Translation (ENFR, 2022-05-27):
# Objectifs et politique d'investissement
### Objectif d’investissement :
Le Fonds vise à générer une croissance du capital à long terme et des revenus en investissant dans un portefeuille d’actions de sociétés susceptibles de tirer profit de budgets de santé de plus en plus restreints dans le monde entier, tout en promouvant des caractéristiques ESG.
Le Fonds promeut les caractéristiques ESG au sens de l’Article 8 du SFDR. De plus amples informations sur les politiques d’investissement responsable de HSBC Global Asset Management sont disponibles sur www.assetmanagement.hsbc. com/about-us/responsible-investing/policies.

### Politique d’investissement :
Dans des conditions de marché normales, le Fonds investira au moins 70 % de ses actifs dans des actions (ou titres similaires) de sociétés de toute taille du secteur de la santé durable basées dans des marchés émergents et développés.
Le Fonds investira dans des actions de sociétés présentant une exposition actuelle ou attendue aux revenus liés à des produits de santé durables. Les objectifs du Fonds sont alignés sur l’Objectif de développement durable n° 3 de l’ONU.
Le Fonds n’investira pas dans des actions (ou des titres similaires à des actions) de sociétés ayant une exposition importante qui dépasse un seuil d’exposition aux revenus d’Activités exclues spécifiques qui ne dépasseront pas 30 % du revenu total de la société concernée. Veuillez vous reporter au prospectus pour plus de détails sur les produits de santé durables et les Activités exclues.
Le Fonds peut investir jusqu’à 40 % de ses actifs en actions A et B chinoises. Pour les actions A chinoises, dans la limite de : 20 % via le Shanghai-Hong Kong Stock Connect et le Shenzhen-Hong Kong Stock Connect, 20 % dans des CAAP et 10 % dans des CAAP émis par un seul émetteur.