HPWM Option Patrimoine

7 July 2011

HPWM Option Patrimoine*

HPWM Option Patrimoine, launched on 27 May 2010, is the feeder fund for FCP Patrimoine (master). Its comparison index, provided for information only, is made up of 60% CAC All-Tradable plus 40% Eonia.

HPWM Option Patrimoine is invested in FCP Patrimoine in its entirety in order to benefit from its ability to outperform the equities market over the long term. In addition, to reduce exposure to equity, coverage is set up via a strategy of short-term maturity options on the DJ EuroStoxx 50 index. This coverage is adjusted at least monthly to keep equity sensitivity within a medium range [+50%; +75%].
The aims of the HPWM Option Patrimoine mutual fund are:

reduce the risks of heavy losses if equity markets fall sharply;
benefit from market increases while foregoing some increases;
reduce volatility compared to a classic equity fund.

Patrimoine, the master fund, achieved a performance of +20.26% between 28 May 2010 and 1 July 2011 (+18.38% annualised). Its benchmark index, the CAC All-Tradable, increased by +21.11% (+19.15% annualised) over the period and the EuroStoxx 50 index by +13.91% (+12.66% annualised).

HPWM Option Patrimoine (Part A) posted a performance of +14.24% over the period (+12.95% annualised), as against +12.99% (+11.74% annualised) for its comparative index. Since its launch, the fund has on average participated in 40% of EuroStoxx 50 rises and 25% of losses, with 60% of the master fund’s volatility and 42% of the volatility of EuroStoxx 50.

Past performance cannot be relied on as an indicator of future performance.

The fund’s capital is not guaranteed, its main exposure is to the following risks.

Management company:
HSBC Private Wealth Managers

Codes Isin :
FR0010879643 (Part A)
FR0010884759 (Part I)

*The notices and prospectuses of UCITS mentioned are available on request.
Please read these notices carefully prior to any investment.
Past performance is no indicator of future performance.