VANCOUVER, July 23 /CNW/ - Effective today, the HSBC Global Climate
Change Fund is available for sale in Canada. The HSBC Global Climate Change
Fund is managed by HSBC Investment Funds (Canada) Inc., a subsidiary of HSBC
Global Asset Management (Canada) Limited.
Marc Cevey, Chief Executive Officer of HSBC Investment Funds (Canada)
Inc., said: "The pace of action to combat climate change is increasing as
governments, industry and commerce respond to growing public demand to change
the way humans impact the environment. This means there are fast-developing
opportunities for companies that successfully put climate change issues high
on their corporate agenda. We believe the HSBC Global Climate Change Fund is
one of the most globally diverse mutual funds in its category, investing in
companies we consider best placed to benefit from developing solutions that
address challenges presented by climate change. It has a truly innovative
investment approach that presents an opportunity to participate in one of the
most significant and strategic investment themes for the foreseeable future."
Globally, the HSBC Group is committed to addressing the challenges of
climate change and sustainability management lies at the heart of the HSBC
Group's core corporate values. HSBC Holdings plc was recently ranked as the
top company worldwide for its overall corporate governance and strategic
approach to climate change risks and opportunities.(1)
Cevey said: "The launch of the HSBC Global Climate Change Fund reflects
our conviction that climate change is an ongoing and sustainable investment
opportunity. This Fund invests in companies that are responding to climate
change issues and exhibit attractive investment characteristics. The HSBC
Global Climate Change Fund is also the first climate change fund in Canada to
use an active quantitative investment approach."
The HSBC Global Climate Change Fund seeks long-term capital growth from
equity securities issued in markets around the world by companies positioned
to benefit from developing climate change solutions. Risk management and cost
control are central to the investment strategy. The minimum investment amount
is C$500 for individual investors.
Notes to Editors:
1. According to a RiskMetrics Group study of 40 of the largest financial
services institutions in the world. HSBC Holdings plc scored 70 on a scale of
100, the highest possible in the report's evaluation of 14 indicators of
climate change governance, evaluating board oversight, management execution,
public disclosure, emissions accounting and strategic planning.
2. HSBC Investment Funds (Canada) Inc. is a subsidiary of HSBC Global
Asset Management (Canada) Limited, which is wholly-owned by HSBC Bank Canada.
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 180 offices
and is the leading international bank in Canada. With around 10,000 offices in
83 countries and territories and assets of US$2,354 billion at
31 December 2007, the HSBC Group is one of the world's largest banking and
financial services organizations. HSBC Mutual Funds are distributed by HSBC
Investment Funds (Canada) Inc. and authorized dealers. Commissions, trailing
commissions, management fees and expenses all may be associated with mutual
fund investments. Please read the HSBC Mutual Funds prospectus before
investing. HSBC 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.
For further information:
For further information: Media enquiries: Ernest Yee, Assistant Vice
President, Public Affairs, HSBC Bank Canada, (604) 641-2973; Sharon Wilks,
Senior Manager, Public Affairs, HSBC Bank Canada, (416) 868-3878