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HSBC Asset Management Announces Changes to the HSBC World Selection Diversified Funds

·5 min read

VANCOUVER, British Columbia, June 23, 2022--(BUSINESS WIRE)--HSBC Global Asset Management (Canada) Limited, manager of the HSBC Mutual Funds, announced today that the strategic asset mix ranges for the HSBC World Selection Diversified Funds will be updated effective 30 June 2022.

HSBC Global Asset Management (Canada) Limited regularly reviews the strategic asset mix and makes adjustments from time to time in order to respond to the evolving economic outlook and market conditions.

The new asset mix ranges will be as follows:

Fund

Asset Class

Current

NEW

HSBC World Selection Diversified Conservative

Cash and Money Market

0 - 17%

0 - 13.5%

Fixed Income

55 - 75%

61.5 - 81.5%

Canadian Equities

6 - 26%

3 - 23%

Foreign Equities

2 - 22%

2 - 22%

HSBC World Selection Diversified Moderate Conservative

Cash and Money Market

0 - 15%

0 - 12.5%

Fixed Income

42 - 62%

47.5 - 67.5%

Canadian Equities

12.5 - 32.5%

9 - 29%

Foreign Equities

10.5 - 30.5%

11- 31%

HSBC World Selection Diversified Balanced

Cash and Money Market

0 - 15%

0 - 12.5%

Fixed Income

23 - 43%

27.5 - 47.5%

Canadian Equities

20 - 40%

16.5 - 36.5%

Foreign Equities

22 - 42%

23.5 - 43.5%

HSBC World Selection Diversified Growth

Cash and Money Market

0 - 10%

0 - 10%

Fixed Income

13 - 33%

15 - 35%

Canadian Equities

21 - 41%

19 - 39%

Foreign Equities

36 - 56%

36 - 56%

HSBC World Selection Diversified Aggressive Growth

Cash and Money Market

0 - 10%

0 - 10%

Fixed Income

0 - 20%

0 - 15%

Canadian Equities

17.5 - 37.5%

20 - 40%

Foreign Equities

52.5 - 72.5%

55 - 75%

No other changes will be made to the Funds’ investment strategy, and the fundamental investment objective and risk classification of the Funds will not change.

Please consult your advisor and read the Simplified Prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Notes to editors:

  1. HSBC Bank Canada, a subsidiary of HSBC Holdings plc ('HSBC Group'), is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances here and internationally through four businesses: Commercial Banking, Global Banking, Markets and Securities Services, and Wealth and Personal Banking. HSBC Group has committed to becoming net-zero in its operations and financed emissions and is working with our customers to accelerate the transition to a low carbon economy.
    For more information, visit www.hsbc.ca or follow us on Twitter: @HSBC_CA or Facebook: @HSBCCanada

  2. HSBC Holdings plc, the parent company of HSBC Bank Canada, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in its geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$3.022bn at 31 March 2022, HSBC is one of the world’s largest banking and financial services organizations.

  3. HSBC Global Asset Management (Canada) Limited (‘AMCA’) is a wholly-owned subsidiary of, but separate entity from, HSBC Bank Canada and is the Canadian business of HSBC Asset Management. HSBC Global Asset Management (Canada) Limited is the manager and primary investment advisor for the HSBC Mutual Funds. HSBC Investment Funds (Canada) Inc. is the principal distributor of the HSBC Mutual Funds. HSBC Mutual Funds are also distributed through authorized dealers.

  4. AMCA is the manager and primary investment advisor for the HSBC Mutual Funds and the HSBC Pooled Funds (collectively, the "HSBC Funds"). HIFC is the principal distributor of the HSBC Mutual Funds, which are also distributed through authorized dealers. The HSBC Pooled 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 AMCA or HIFC, or another approved advisor or dealer. Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with mutual fund investments. Please read the prospectus, Fund Facts, applicable account opening documentation and any other disclosures before investing. HSBC Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other government deposit insurer or financial institution, their values change frequently and past performance may not be repeated. For money market funds, there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.

  5. HSBC Asset Management, the global asset management business of the parent company, HSBC Holdings plc, which includes HSBC Global Asset Management (Canada) Limited, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled and mutual funds. HSBC Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in more than 20 locations, delivering global capabilities with local market insight. As at 31 March 2022, HSBC Asset Management managed assets totalling US$618bn on behalf of its clients.
    HSBC Asset Management is the marketing name for the asset management businesses of HSBC Holdings plc. For more information, see assetmanagement.hsbc.ca.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220623005936/en/

Contacts

Media enquiries:
Caroline Creighton (416) 868-8282 caroline.x.creighton@hsbc.ca
Sharon Wilks (416) 868-3878 sharon_wilks@hsbc.ca