RS USD HSBC GIF Brazil Equity

Launched:	05/08/2008
Currency:	USD
Fund ID:	97572
Fund size as at 25/07/2010	11.21m
Fund type:	Overseas
Sector:	OI Global Emerging Markets
Investment approach:	Self Select
Fund group:	HSBC
3yr volatility:	-

No Fund Risk Number Available.

Sector Risk Number

1

2

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9

10

It is important to note that the fund risk number for an individual fund may be higher or lower than that for the sector that the fund is in, as the sector represents the average of all funds in that sector, whereas an individual fund may be some way from the average.

Volatility (standard deviation)

Volatility is a statistical method that measures how much a series of values move up and down around its average. The higher the volatility number, the less consistent the historical performance has been.

Fund Risk Number

The Fund Risk Number has been calculated by taking the absolute volatility values of all the funds in the relevant fund universe and arranging them in ascending order. The ordered volatility range has subsequently been divided into ten segments, each representing 10% of the range. The funds have been placed into the relevant segment, depending on where their volatility numbers fall. Each segment has been colour coded to represent the risk associated with each fund(based on five-year volatility). The Fund Risk Number will not be shown for funds with less than 5 years of performance history.

Sector Risk Number

The Sector Risk Number has been calculated by arranging all the sectors in volatility order which has been calculated over five years. The entire volatility range has been divided into ten segments, each representing 10% of the range. The sectors have been placed into the relevant segment, depending on where their volatility numbers fall. Each segment has been colour coded to represent the risk associated with each sector(based on five-year volatility). The Sector Risk Numbers will be calculated monthly. Significant changes in volatility may result in changes to risk numbers.

Quartile Rank

Quartile Rank is a rating of performance on a scale of 1 to 4, where 1 is best and 4 is worst. The entire performance range of a sector is divided into 4, each quartile rank corresponding to 25 percent of the range.

Fund Type - Overseas

Funds for sale in International markets.

For more investment terms explained, go to the glossary at www.skandia.co.uk/glossary or consult your Financial Adviser.

Skandia is a leading provider of innovative investments, pensions and protection solutions. Our wealth of experience has earned us a reputation for excellence for our approach to product design, administration and service.

Our products are underpinned by the MultiManager approach we pioneered over 20 years ago, offering you a range of leading external fund managers. While this approach is much imitated, our expertise and commitment has ensured Skandia's reputation as the leaders in MultiManager investment.

Financial decisions are among the most important you will ever make and we believe these decisions should not be made without advice. For this reason, we only sell our products through financial advisers - independent of Skandia and with a duty to provide best advice.

Source for all performance data, asset allocation, fund and sector risk information: Financial Express Limited.

Citywire Ratings: Source & Copyright 1999 - 2005: Citywire Financial Publishers Limited. Citywire Fund Manager Ratings are based on the risk adjusted track records of individual fund managers over three years. The Citywire Fund Manager Ratings are based on the performance of the fund manager across all the funds he or she has managed at any point during the last three years - not just the funds they are currently managing. More details at www.citywire.co.uk

OBSR Ratings: Source & Copyright © OBSR 2007. OBSR provides Fund Ratings as an independent mark of quality. Based on a proven research process where qualitative research is supported by quantitative analysis, our Ratings are evidence that we believe a fund is, for its type, consistently producing the returns it set out to deliver, and will continue to do so. Funds are reviewed regularly and Ratings adjusted should any material change occur. More details at www.obsrfundratings.co.uk

All the performance information shown is in the currency indicated in the 'Fund facts' section of this factsheet.

Unit prices, and the income from units, may fall as well as rise. An investor may not get back the amount invested.

The performance figures include Royal Skandia’s Annual Management Charge; relevant additional charges will affect the return from any particular product.

Where a fund invests in securities designated in a different currency to the fund, or where an underlying fund is denominated in a different currency, investments may rise and fall purely as a result of exchange rate fluctuations.

Skandia does not provide advice on selecting investments – investors should consult their financial adviser on the merits of any particular investment or fund.

While Financial Express and Skandia have used all reasonable endeavours to ensure the accuracy of the information contained in this factsheet, neither accept any liability in respect of the investment decisions of investors nor any loss arising from such decisions.