HSBC Global Asset Management appoints new sub-advisor

VANCOUVER, July 3, 2013 /CNW/ - HSBC Global Asset Management (Canada) Limited has appointed a new sub-advisor to co-manage the HSBC Small Cap Growth Fund and HSBC Canadian Small Cap Equity Pooled Fund.

Effective on or around 3 July 2013, Triasima Portfolio Management Inc., a Montreal-based investment management firm, has been appointed sub-advisor to co-manage these two funds with Mawer Investment Management Limited. These funds are part of the range managed by HSBC Global Asset Management (Canada) Limited.

Notes to Editors:

  1. HSBC Global Asset Management (Canada) Limited is a wholly-owned subsidiary of, but separate entity from, HSBC Bank Canada and is the Canadian business of HSBC Global Asset Management.  HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in Canada. With around 6,600 offices in 81 countries and territories and assets of US$2,681bn at 31 March 2013, the HSBC Group is one of the world's largest banking and financial services organizations.
  2. HSBC Global Asset Management, the core investment business of the HSBC Group, manages assets totaling US$427bn. HSBC Global Asset Management has a worldwide client base of private clients, intermediaries; corporates and institutions invested in both segregated accounts and pooled funds. HSBC Global Asset Management fulfills its purpose of connecting these customers with investment opportunities through an international network of offices in approximately 30 countries, delivering global capabilities with local market insight. (All figures as at 31 March 2013.) For more information see www.assetmanagement.hsbc.com
  3. HSBC Global Asset Management (Canada) Limited is the manager and primary investment advisor for the HSBC Mutual Funds.  HSBC Investment Funds (Canada) Inc. is the principal distributor of the HSBC Mutual Funds.  HSBC Mutual Funds are also distributed through authorized dealers.  Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments.  Please read the prospectus before investing.  Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer.  Their values change frequently and past performance may not be repeated. The unit value of money market funds may not remain constant.
  4. HSBC Global Asset Management (Canada) Limited is the manager and primary investment advisor of the HSBC Pooled Funds, a family of public mutual funds.  These mutual funds are sold only to investors as part of a discretionary investment management service, which requires an investor to enter into an investment management agreement with HSBC Global Asset Management (Canada) Limited, HSBC Investment Funds (Canada) Inc., or another approved advisor or dealer. As primary investment advisor, HSBC Global Asset Management (Canada) Limited may hire sub-advisors for the HSBC Pooled Funds, including sub-advisors that are affiliated to HSBC Global Asset Management (Canada) Limited.  HSBC Global Asset Management (Canada) Limited may hire or replace a sub-advisor at any time. Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with mutual fund investments.  Please read the prospectus before investing.  Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer.  Their values change frequently and past performance may not be repeated.  The unit value of money market funds may not remain constant. HSBC Global Asset Management (Canada) Limited is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada and provides its services in all provinces of Canada except Prince Edward Island, and also provides its services in the Northwest Territories. HSBC Investment Funds (Canada) Inc. is a direct subsidiary of HSBC Global Asset Management (Canada) Limited and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island.

SOURCE: HSBC Global Asset Management (Canada) Limited

For further information:

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Sharon Wilks
(416) 868-3878 

Aurora Bonin
(604) 641-1905


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