HSBC Investments (Canada) Limited and HSBC Investment Funds (Canada) Inc. announce fund closures

    VANCOUVER, Oct. 31 /CNW/ - HSBC Investments (Canada) Limited, manager of
the HSBC MM U.S. High Yield Bond Pooled Fund and HSBC Investment Funds
(Canada) Inc., manager of the HSBC U.S. High Yield Bond Fund will terminate
and wind up these funds on 1 February 2008.
    Units of the HSBC MM U.S. High Yield Bond Pooled Fund and the HSBC U.S.
High Yield Bond Fund have not been sold to the public.

    HSBC Investment Funds (Canada) Inc. is a subsidiary of HSBC Investments
(Canada) Limited, which is wholly-owned by HSBC Bank Canada. HSBC Bank Canada,
a subsidiary of HSBC Holdings plc, has more than 170 offices. With around
10,000 offices in 83 countries and territories and assets of US$2,150 billion
at 30 June 2007, the HSBC Group is one of the largest banking and financial
services organizations.

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

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