There are risks involved with this type of investment. Please refer to the Prospectus for general risk factors, and to the Simplified Prospectus for specific risk factors. The value of investments may go down as well as up, is not guaranteed and you may not get back the full amount originally invested. Changes in the rate of currency exchange, particularly where overseas securities are held, may also affect the value of your investment. Investments in emerging markets are by their nature higher risk and potentially more volatile than those inherent in established markets. UK based investors in HSBC Global Investment Funds 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 shares in HSBC Global Investment Funds have not been and will not be offered for sale or sold 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 Investment Funds Prospectus, Simplified Prospectus 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.