VANCOUVER, Jan. 31, 2012 /CNW/ - HSBC Global Asset Management (Canada)
Limited has announced that effective 31 January 2012, Jennison
Associates LLC is no longer a sub-advisor to the HSBC MultiAlpha U.S.
Small/Mid Cap Equity Pooled Fund. The Fund will continue to be managed
by both Loomis, Sayles & Company and Westfield Capital Management
HSBC MultiAlpha Pooled Funds have the flexibility to leverage the
expertise of multiple sub-advisors with complementary styles providing
investors with an additional level of diversification and the
opportunity over time to enhance their potential risk adjusted return.
Notes to Editors:
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading
international bank in Canada. With around 7,500 offices in over 80
countries and territories and assets of US$2,691 billion at 30 June
2011, the HSBC Group is one of the world's largest banking and
financial services organizations.
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.
Globally, HSBC Global Asset Management, the core investment business of
the HSBC Group, has approximately US$396.7 billion under management at
30 September 2011. With investment teams based in 20 locations
throughout Europe, Asia-Pacific and the Americas, HSBC Global Asset
Management is able to deliver global capabilities with the benefit of
local market perspectives.
HSBC Global Asset Management (Canada) Limited is the manager and primary
investment advisor of the HSBC Pooled Funds, a family of public mutual
funds. HSBC Investment Funds (Canada) Inc. is the principal
distributor of the HSBC Pooled 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.
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.
SOURCE HSBC Global Asset Management (Canada) Limited
For further information:
| Ernest Yee |
Tel: (604) 641-2973
| || || || Sharon Wilks |
Tel: (416) 868-3878