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 Company, LLC.
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.
For further information:
| Ernest Yee
Tel: (604) 641-2973
| Sharon Wilks
Tel: (416) 868-3878