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R.C.S. Luxembourg B 25 08716, boulevard dAvranchesL-1160 LuxembourgGrand Duchy of Luxembourg
HSBC Global Investment FundsUnaudited Semi-Annual Report for the periodfrom 1 April 2016 to 30 September 2016

Unaudited semi-annual report for the period from 1 April 2016 to 30 September 2016
Socit d'Investissement Capital Variable (SICAV), Luxembourg

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Information concerning the distribution of shares of HSBC Global Investment Funds in or from Switzerland.Legal Representative of the Company in Switzerland: HSBC Global Asset Management (Switzerland) Ltd.,
Bederstrasse 49, P.O. Box, CH-8002 Zurich. The Prospectus, Key Investor Information Documents (KIIDs), Articles
and annual and semi-annual reports of the Company may be obtained free of charge upon request from the Legal
Representative in Switzerland. A breakdown of all transactions carried out on behalf of each sub-fund of the
Company for the period under review can be obtained, free of charge, from the Legal Representative in Switzerland.
Additional notes for Hong Kong residents in relation to HSBC Global Investment Funds.
The following sub-funds of HSBC Global Investment Funds referred to in this document are not authorised in Hong
Kong and not available to Hong Kong residents;
ASEAN Equity Global Emerging Markets Investment Grade Bond
Asia Bond Global Emerging Markets Local Currency Rates
Asian Currencies Bond Global Emerging Markets Local Debt
Brazil Bond Global Equity
Economic Scale Index GEM Equity Global Government Bond
Euro Bond Global Inflation Linked Bond
Euro Credit Bond Global Macro
Euro Credit Bond Total Return Global Multi-Asset Income
Euro Reserve Global Real Estate Equity
Euroland Growth Global Short Duration Bond
Frontier Markets Global Short Duration High Yield Bond
GEM Debt Total Return India Fixed Income
GEM Equity Volatility Focused Indonesia Bond
GEM Inflation Linked Bond Latin American Local Debt
Global Asset-Backed Bond Mexico Equity
Global Asset-Backed High Yield Bond RMB Fixed Income
Global Bond Total Return Turkey Equity
Global Corporate Bond US Equity Volatility Focused
Global Emerging Markets Corporate Debt
Statement of changes in the investment portfolio
A list, specifying for each Fund total purchases and sales transacted during the period under review, may be
obtained, upon request, at the registered office of the Company.
No subscription can be received on the basis of financial reports. Subscriptions are only valid if made on the basis of
the current Prospectus accompanied by the latest annual and the most recent semi-annual report, if published
thereafter.
Unaudited semi-annual report for the period from 1 April 2016 to 30 September 2016

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Table of Contents
Board of Directors 3
Management and Administration 4
Statement of Net Assets as at 30 September 2016 7
Key Figures as at 30 September 2016 22
Statement of Operations and Changes in Net Assets
for the period ended 30 September 2016 112
Notes to the Financial Statements for the period ended
30 September 2016 127
Publication of TER (Total Expense Ratio) 215
Comparative Table of Net Assets 236
Portfolio of Investments and Other Net Assets as at
30 September 2016 261
Currency Conversion Table 506
Appendix I Taxation of the Company (foreign countries) 507
Appendix II UK SORP Disclosure 510
Appendix III - Dealing Days of the Fund 514
Appendix IV - Fund Holiday Calendar for 2016 515
Appendix V Investment Advisers 540
Appendix VI Risk Management 545

Board of Directors
3
George Efthimiou (Chairman), Global Chief Operating Officer
HSBC Global Asset Management Limited,
78 St James Street, London SW1A 1HL, United Kingdom.
Dr. Michael Boehm, Chief Operating Officer
HSBC Global Asset Management (Deutschland) GmbH,
Knigsallee 21/23, 40212 Dsseldorf, Germany.
Dean Lam, Managing Director
HSBC Bank (Mauritius) Limited, 6th Floor, HSBC Centre, 18 CyberCity,
Ebene, Mauritius.
Eimear Cowhey, Independent Director
Resident in the Republic of Ireland.
Peter Dew, Independent Director
Resident in the United Kingdom.
John Li, Independent Director
The Directors Office S.A., 19 Rue de Bitbourg, L-1273 Luxembourg,
Grand Duchy of Luxembourg.
Jean de Courrges, Independent Director
Resident in Luxembourg
Joanna Munro, Global Head of Fiduciary Governance
HSBC Global Asset Management Limited,
78 St James Street, London SW1A 1HL, United Kingdom.

Management and Administration
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Registered Office 16, boulevard dAvranches,
L-1160 Luxembourg, Grand Duchy of Luxembourg.
R.C.S. Luxembourg N B-25087
Management Company HSBC Investment Funds (Luxembourg) S.A.
16, boulevard dAvranches,
L-1160 Luxembourg,
Administration Agent,
Depositary Bank, Central Paying
Agent, Domiciliary Agent,
Registrar and Transfer Agent
HSBC Bank plc, Luxembourg Branch
16, boulevard dAvranches,
L-1160 Luxembourg,
Investment Advisers HSBC Global Asset Management (France)
Immeuble Cur Dfense - Tour A,
110 Esplanade du Gnral de Gaulle - La Dfense 4,
75419 Paris Cedex 08, France.
HSBC Global Asset Management (Hong Kong) Limited
Level 22, HSBC Main Building, 1 Queen's Road Central, Hong Kong.
HSBC Global Asset Management (UK) Limited
8, Canada Square, London, E14 5HQ, United Kingdom.
HSBC Global Asset Management (USA) Inc.
452 Fifth Avenue, 7th Floor, New York, NY 10018, USA.
HSBC Portfoy Yonetimi A.S.
Esentepe Mahallesi, Bykdere Caddesi, No:128, 34394 Sisli,
Istanbul, Turkey.

Management and Administration (continued)
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Share Distributors Global Distributor
HSBC Investment Funds (Luxembourg) S.A.
16, boulevard dAvranches, L-1160 Luxembourg,
Austria, Eastern Europe and Germany Distributor
HSBC Trinkaus & Burkhardt AG
Knigsallee 21/23, D-40212 Dsseldorf, Germany.
Hong Kong Representative and Distributor
HSBC Investment Funds (Hong Kong) Limited
HSBC Main Building, 1 Queen's Road Central, Hong Kong.
United Kingdom Representative and Distributor
8, Canada Square, London E14 5HQ, United Kingdom.
Republic of Ireland Distributor
8, Canada Square, London E14 5HQ, United Kingdom.
Republic of Ireland Representative
HSBC Securities Services (Ireland) Limited
HSBC House, 1 Grand Canal Square,
Grand Canal Harbour, Dublin 2, Ireland.
Jersey Representative and Distributor
HSBC Global Asset Management (International) Limited
HSBC House, Esplanade, St Helier, Jersey, JE4 8WP Channel Islands.
Singapore Representative and Distributor
HSBC Global Asset Management (Singapore) Limited
21, Collyer Quay, #06-01 HSBC Building, Singapore 049320, Singapore.
Switzerland Representative
HSBC Global Asset Management (Switzerland) Ltd
Bederstrasse 49, Postfach, CH-8002 Zurich, Switzerland.
Korea Representative and Distributor
HSBC Korea Ltd
HSBC Building #25, 1-Ka, Bongrae-Dong, Chung-Ku, Seoul, Korea.
Distributor for Continental Europe
HSBC Global Asset Management (France)
Immeuble Cur Dfense - Tour A,
110 Esplanade du Gnral de Gaulle - La Dfense 4,
75419 Paris Cedex 08, France.

Management and Administration (continued)
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Malta Distributor
HSBC Global Asset Management (Malta) Ltd
Operations Centre, 80 Mill Street, Qormi, QRM 3101, Malta
Bermuda Distributor
HSBC Investment (Bermuda) Limited
6 Front Street, Hamilton HM 11, Bermuda
America Distributor
HSBC Securities (USA) Inc.
452 Fifth Avenue, New York, 10018, United States
Paying Agent in Switzerland HSBC Private Bank (Suisse) S.A.
Quai des Bergues 9-17, Case Postale 2888,
CH-1211 Geneva 1, Switzerland.
Paying Agent in Hong Kong The Hong Kong and Shanghai Banking Corporation Limited
HSBC Main Building, 1 Queens Road Central,
Hong Kong.
Representative and Paying
Agent in Poland
HSBC Bank Polska S.A.
Krakw Business Park 200, Ul. Krakowska 280, 32-080 Zabierzw,
Poland.
Auditor PricewaterhouseCoopers, Socit cooprative
2, rue Gerhard Mercator, B.P. 1443, L-1014 Luxembourg,
Legal Adviser Elvinger Hoss Prussen
2, place Winston Churchill, L-1340 Luxembourg,

Statement of Net Assets
as at 30 September 2016
International and
Regional Equity
Sub-funds
Notes
CONSOLIDATED
USD
ASEAN
Equity
USD
Asia ex Japan
Equity
USD
Asia ex Japan
Equity Smaller
Companies
USD
Investments in Securities at Cost 33,038,393,617 13,622,780 280,648,766 648,249,610
Unrealised Appreciation/(Depreciation) 998,510,358 132,107 45,576,315 75,135,087
Investments in Securities at Market Value 34,036,903,975 13,754,887 326,225,081 723,384,697
Unrealised Gain/(Loss) on Forward Foreign Exchange
Contracts8 (18,903,445) - (118,124) -
Unrealised Gain/(Loss) on Futures 9 (7,402,329) (626) (58,377) (197,121)
Unrealised Gain/(Loss) on Swaps 10 (30,924,436) - - -
Unreal