VANCOUVER, April 5, 2012 /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 Funds, part of the HSBC Pooled Funds range used within the World Selection Portfolio™ service.
Effective 30 March 2012, Herndon Capital Management, LLC 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, LLC; Los Angeles Capital Management and Equity Research, Inc.; WestEnd Advisors and Winslow Capital Management Inc.
HSBC MultiAlpha Funds have the flexibility to leverage the expertise of multiple investment managers with complementary styles providing clients with an additional level of diversification and the opportunity over time to enhance their potential risk adjusted returns.
Sub-advisors of the HSBC MultiAlpha Funds also include: AllianceBernstein LP; Martin Currie Inc.; Mawer Investment Management; Picton Mahoney Asset Management; Scheer, Rowlett & Associates Investment Management Ltd.; Westfield Capital Management Company LP; Loomis, Sayles & Company; 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 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 7,200 offices in over 80 countries and territories and assets of US$2,556 billion at 31 December 2011, the HSBC Group is one of the world's largest banking and financial services organizations.
- Globally, HSBC Global Asset Management, the core investment business of the HSBC Group, manages assets totaling US$400.2 billion, and is a leader in emerging markets funds, with US$122.3 billion invested in this asset class. 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 December 2011.) For more information see www.assetmanagement.hsbc.com.
- 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.
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