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