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Press release content from Business Wire. The AP news staff was not involved in its creation.
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Press release content from Business Wire. The AP news staff was not involved in its creation.

HSBC Global Asset Management Announces Change to the HSBC Emerging Markets Pooled Fund

December 17, 2020 GMT

VANCOUVER, British Columbia--(BUSINESS WIRE)--Dec 17, 2020--

HSBC Global Asset Management (Canada) Limited, manager of HSBC Mutual Funds and Pooled Funds, announced today that on or around 15 January 2021 the investment strategy of the HSBC Emerging Markets Pooled Fund (the “Fund”) will be changing.

The Fund’s investment strategy will change to selecting stocks with a focus on company fundamentals balanced by top-down factors including investment megatrends, politics, fiscal picture, inflation, and monetary policy.

For a period of time as it transitions to the above strategy, the Fund’s investment advisor intends to invest a portion of the Fund’s assets in securities of exchange traded funds, index funds, derivatives, or other securities that will provide it with exposure to the Fund’s benchmark until the Fund has fully invested according to its investment strategy.

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No other changes will be made to the Fund’s strategies. The fundamental investment objective and risk classification of the Fund will not change.

For further information on the Fund, please refer to the simplified prospectus and annual information form of the HSBC Mutual Funds and Pooled Funds available on www.assetmanagement.hsbc.ca and www.sedar.com.

Notes to editors:

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View source version on businesswire.com:https://www.businesswire.com/news/home/20201217006118/en/

CONTACT: Caroline Creighton (416) 868-8282caroline.x.creighton@hsbc.ca

Sharon Wilks (416) 868-3878sharon_wilks@hsbc.ca

KEYWORD: NORTH AMERICA CANADA

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: HSBC Global Asset Management (Canada) Limited

Copyright Business Wire 2020.

PUB: 12/17/2020 04:30 PM/DISC: 12/17/2020 04:30 PM

http://www.businesswire.com/news/home/20201217006118/en