HSBC GLOBAL ASSET MANAGEMENT APPOINTS NEW WORLD SELECTION PORTFOLIO(TM) SUB-ADVISOR

VANCOUVER, April 28 /CNW/ - HSBC Global Asset Management (Canada) Limited has added a new sub-advisor to the group of best-in-class investment managers for the HSBC MultiAlpha Pooled Funds and the World Selection Portfolio™ service.

Effective 27 April 2011, Charlotte, North Carolina-based WestEnd Advisors has been appointed sub-advisor to the HSBC MultiAlpha U.S. Equity Pooled Fund, and will co-manage this fund together with Cohen & Steers Capital Management; Eaton Vance Management; Los Angeles Capital Management and Winslow Capital Management.

HSBC MultiAlpha Pooled Funds have the flexibility to leverage the expertise of multiple managers with complementary styles providing investors with an additional level of diversification and the opportunity over time to enhance their potential risk adjusted return.

Sub-advisors of the HSBC MultiAlpha Pooled Funds also include: AllianceBernstein; Martin Currie Inc.; Mawer Investment Management; Picton Mahoney Asset Management; Scheer, Rowlett & Associates; Westfield Capital Management Company, LLC; Loomis, Sayles & Company; Jennison Associates; and HSBC Global Asset Management (Canada) Limited.

World Selection Portfolio™ service is a discretionary portfolio management service that provides investors with access to some of the world's leading investment managers.

Notes to Editors:

  1. HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 260 offices, including over 140 bank branches, and is the leading international bank in Canada. With around 7,500 offices in 87 countries and territories and assets of US$2,455 billion at 31 December 2010, the HSBC Group is one of the world's largest banking and financial services organizations.
  2. 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.
  3. HSBC Global Asset Management manages assets totaling US$443.5 billion globally, and is a leader in emerging markets, with $145 billion invested in this asset class. Through its network of offices in approximately 30 countries globally, HSBC Global Asset Management has a worldwide client base of institutions, corporates, private clients and intermediaries, invested in both segregated accounts and pooled funds. (All figures as at 31 December 2010.)
  4. HSBC World Selection Portfolio TM is a discretionary portfolio management service offered by HSBC Global Asset Management (Canada) Limited ("AMCA").  Under this discretionary service, assets of participating clients are invested in HSBC Pooled Funds, which are mutual funds managed by AMCA and distributed by HSBC Investment Funds (Canada) Inc. Commissions, trailing commissions, management fees, investment management fees and expenses may be associated with investments in the HSBC Pooled Funds and the HSBC World Selection PortfolioTM service.  Please read the applicable account opening documentation and prospectus before applying for the HSBC World Selection PortfolioTM service.  Neither the HSBC World Selection PortfolioTM service nor the HSBC Pooled Funds are guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer.  The value of mutual fund investments changes frequently and past performance may not be repeated. The unit value of money market funds may not remain constant.

 

SOURCE HSBC Global Asset Management (Canada) Limited

For further information:

Media enquiries:

Ernest Yee
Tel: (604) 641-2973          
Sharon Wilks
Tel: (416) 868-3878

 


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