HSBC Gold ETF · NSE:HSBCGOLD
HSBC Gold ETF — Investor Presentation (March 2026)
18 slides from HSBC Gold ETF's investor presentation, March 2026
Slide 1: Invest for Golden Edge
Invest for Golden Edge Thematic Deck: Gold ETF | Gold ETF FOF ~ March 2026
Slide 2: Golden history: One of the oldest asset class
Golden history: One of the oldest asset class 4000 BCE: Gold first time founded in ancient Egypt 600 BCE: The first gold coins are struck in Lydia 100 CE: One of the ancient Indian empire issued gold coins 1900: Most of the world adopts the gold standard 1717: UK sets the Gold Standard (currency lin
Slide 3: Why invest in Gold?
Why invest in Gold? Universal Globally recognized and accepted can be traded anywhier Over 90% of the world’s gold SEAS Diversification has been mined since the Maintains purchasing power Reduces porttolio risk California Gold Rush. ‘over time, preserves wealth, by being uncorrelated P 4 with other
Slide 4: Gold Share (tonnes)
Share Share Gold (tonnes) (%) 1. Jewellery ~97,645 44% 2. Bars & Coins (+Gold ETFs) ~50,978 23% 3. Central banks ~38,666 18% 4. Other ~32,602 15% 5. Reserves ~54,770* 6. Resources ~ 132,110* • •
Slide 5: New discoveries are increasingly rare
new discoveries are increasingly rare Gold: Demand & Supply (tonnes) 10,000 8,000 6,000 4,000 masTotal Supply tonnes (LHS) @l—™ Mine Supply tonnes (LHS) Overall levels of mine production have grown significantly since 2010 But substantial new discoveries are increasingly rare The project development
Slide 6: Gold's sources of demand
Gold’s sources of demand • • • •
Slide 7: Balancing consumption patterns underpin Gold's significance
Balancing consumption patterns underpin Gold's significance 7000 Global Gold Consumption Components: Investments | ETF | Jewellery | | Central Bank vs Gold Price 4,000 6,000 3,500 5,000 3,000 4,000 Bi ‘a 2,500 3,000 2,000 2,000 1,500 1,000 1,000 -1,000 -2,000 0 2010 2011 2012 2013 2014 2015 2016 201
Slide 8: Bloomberg, Datastream, ICE Benchmark Administration, Multi Commodity Exchange of India, World Gold Council
• • • Bloomberg, Datastream, ICE Benchmark Administration, Multi Commodity Exchange of India, World Gold Council
Slide 9: Gold: Offers diversification and strength in uncertain times
Gold: Offers diversification and strength in uncertain times Calender year performance of asset classes 80.0 75 12 70.0 , 60.0 50.0 08 8 é & = 40.0 = z 30 06 2 & 30.0 24 = 20.0 042 10.04 4 0.2 00 ss -10.0 3 0 © n © ° ° =< x © x a a 2 5 2 2 g 5 N Q x g 5 S 5 S g g g g 3 g 5 g g g g g g g 8 g g Demone
Slide 10: Equity Debt Gold correlation
Equity Debt Gold Equity 1.00 0.08 -0.17 Debt 0.08 1.00 0.09 Gold -0.17 0.09 1.00 • • • NIFTY 50 TRI, Debt by Crisil Short Term Bond Index, and Gold by Price of Gold (per 10 gram)
Slide 11: Global Gold ETF demand climbed over past years
Global Gold ETF demand climbed over past 5 years Gold ETF demand (tonnes) and Flows (USD bn) 8 8 8 8 8 & Value in USD 8 Gold Demand in Tcnnes & San mmm Demand in Tonnes (LHS) —==Value in USD bn (RH: * Global gold ETFs continue to attract inflows in the new year, pushing collective holdings to all-ti
Slide 12: Gold ETFs gain momentum in India too
_ Gold ETFs gain momentum in India too 40,000 India Gold ETF - Net Inflows (Rs. Crore) 20,000 15,000 10,000 5,000 2 2 2 2 2 2 © 2 © 2 2 2 2 8 y 9g Q 9g y gy o y a g a 9 5,000 8 2 S < 3 3 - 2 é 6 2 é 8 * Gold ETF inflows have gained momentum in recent months, indicating a gradual shift toward defensi
Slide 13: Gold stands high among asset classes performance
Gold stands high among asset classes performance Returns (CY%) | 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Asset | Calendar Year Gold 24.2 123 15.4 Equity m | 3 | b b 10.1 11.9; 129 12.7 Debt BA Lowest middie Highest * Asset allocation to Gold can redu
Slide 14: How Gold fares on Rolling performance?
How Gold fares on Rolling performance? Rollong Returns Parameters Average Minimum Maximum Volatility 3.5% mon | Average 7 | %o Minimum 41% | a 2 Maximum 12.9% Yo Volatility i 1.7% % Average | 78% | 2% Minimum ks | -2.0% Maximum 10.4% Yo. Volatility —_ 1.1% Yo + Average rolling returns generated by G
Slide 15: Gold: Historical performance trend
Gold: Historical performance trend Gold INR and Gold USD 2600 [2294] 2000 1500 1000 2006 2007 2008 2009 2011 2012 2013 2014 2016 2017 2018 2019 2021 2022 2023 2024 2026 —Gold India MCX (INR) — Gold (USD) Source: Bloomberg, Gold MCX INR and USD p s rebased to 100 from 1 Jan 2008, HSBC Mutual Fund, Da
Slide 16: Snapshot: Gold FOF | Gold ETF | Gold
Snapshot: Gold FOF | Gold ETF | Gold Gold Fund of Fund (Digital Gold) Gold ETF (Digital Gold) Physical Gold Purity High High May not be guaranteed Safety No risk No risk Safety risk May not be guaranteed or Pricing Transparent (iNAV declaration) Transparent (market traded prices) Rate availability a
Slide 17: Gold ETF FOF - Gold ETF - Gold
Gold ETF FOF - Gold ETF - Gold Gold ETF Fund of Fund Invests In Invests In Scheme investing in the Scheme tracking units of Gold ETF domestic prices of Gold Source: Bloomberg, HSBC Mutual Fund, Data as on 28 February 2026, FOF- Fund of Fund, Past performance may or may not be sustained in future and
Slide 18: Disclaimer
Disclaimer 7 oe . Past performance may or may not be sustained in future and is not a guarantee of any future returns The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any research report nor it should be considered as an investment research, investment recommendation or