HSBC Global Asset Management (Canada) Limited Announces Planned Pooled Fund Mergers
(firmenpresse) - TORONTO, ONTARIO -- (Marketwired) -- 12/15/14 -- HSBC Global Asset Management (Canada) Limited, manager of the HSBC Pooled Funds, announced today that it intends to merge certain funds within the HSBC Pooled Fund family.
It is intended that on or around 20 March 2015:
Following the merger, the HSBC MultiAlpha Canadian Equity Pooled Fund and HSBC MultiAlpha U.S. Equity Pooled Fund will be wound-up and terminated.
The funds that are intended to merge have the same investment objectives and are substantially similar in their mandates as the continuing funds. The mergers are intended to be implemented on a tax-deferred basis. The mergers have received the approval of the Independent Review Committee of the HSBC Pooled Funds.
These fund mergers will streamline the product range within the HSBC Pooled Fund family and have the potential to benefit unit holders of the affected funds by creating larger pools of assets. This may reduce the administrative and regulatory costs of operating the funds separately, and enhance the portfolio management efficiency of the consolidated funds.
HSBC Global Asset Management (Canada) Limited announces planned Pooled Fund mergers
Units of the HSBC MultiAlpha Canadian Equity Pooled Fund and HSBC MultiAlpha U.S. Equity Pooled Fund are only available to investors as part of a discretionary investment management service provided by HSBC Global Asset Management (Canada) Limited, our affiliate HSBC Investment Funds (Canada) Inc. or another approved advisor. Units of the HSBC MultiAlpha Canadian Equity Pooled Fund and HSBC MultiAlpha U.S. Equity Pooled Fund will continue to be available for purchase, and unit holders of these funds will be permitted to redeem their units by contacting their HSBC relationship manager until the end of the business day before the effective date of the mergers.
Notes to Editors:
This news release is issued by HSBC Global Asset Management (Canada) Limited.
Contacts:
Media enquiries:
Kimberly Flood
Head of Communications
(416) 868-8001
Fabrice de Dongo
Senior Media Relations Manager
(416) 868-8282
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Unternehmensinformation / Kurzprofil:
Datum: 15.12.2014 - 20:00 Uhr
Sprache: Deutsch
News-ID 359505
Anzahl Zeichen: 0
contact information:
Town:
TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
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