VANCOUVER, May 25 /CNW/ - HSBC Global Asset Management (Canada) Limited has added a new sub-advisor to the group of best-in-class investment managers for the World Selection(TM) Portfolios.
Effective May 18, 2010, Picton Mahoney Asset Management was appointed sub-advisor to HSBC MultiAlpha Canadian Equity Pooled Fund, and will co-manage this Fund with Toronto-based Scheer Rowlett & Associates Investment Management Ltd.
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.
HSBC MultiAlpha Pooled Funds managers also include: Alliance Bernstein, Cohen & Steers Capital Management; Eaton Vance Management; Los Angeles Capital Management; Martin Currie Inc.; Mawer Investment Management; Rainier Investment Management; Scheer, Rowlett & Associates; Winslow Capital Management; Westfield Capital Management Company, LLC; and HSBC Global Asset Management (Canada) Limited.
World Selection is a discretionary portfolio management service that gives HSBC investors 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 8,000 offices in 88
countries and territories and assets of US$2,364 billion at 31
December 2009, 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. Globally, HSBC Global Asset Management, the core investment business
of the HSBC Group, has approximately US$448.5 billion under
management at 31 December 2009. 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.
4. HSBC World Selection(TM) is a discretionary portfolio management
service offered by HSBC Global Asset Management (Canada) Limited, and
through authorized agents. Under this discretionary service, assets
of participating clients are invested in HSBC Pooled Funds, which are
mutual funds managed by HSBC Global Asset Management and distributed
by HSBC Investment Funds (Canada) Inc. and other authorized dealers.
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 service. Please
consult a financial advisor and read the applicable account opening
documentation and prospectus before applying for the HSBC World
Selection service. Neither the HSBC World Selection 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: For further information: Media enquiries: Ernest Yee, Tel: (604) 641-2973; Sharon Wilks, Tel: (416) 868-3878