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Press release from CNW Group

HSBC Global Asset Management Appoints New Sub-Advisor

Friday, November 16, 2012

HSBC Global Asset Management Appoints New Sub-Advisor09:00 EST Friday, November 16, 2012VANCOUVER, Nov. 16, 2012 /CNW/ - HSBC Global Asset Management (Canada) Limited has appointed a new sub-advisor to the group of best-in-class investment managers for the HSBC MultiAlpha Pooled Funds, part of the HSBC Pooled Funds range used within the World Selection® Portfolio service.Effective 16 November 2012, MFS Investment Management has been appointed sub-advisor to co-manage the HSBC MultiAlpha International Equity Pooled Fund.HSBC MultiAlpha Funds have the flexibility to leverage the expertise of multiple investment managers with complementary styles providing clients with an additional level of diversification and the opportunity over time to enhance their potential risk adjusted returns.World Selection Portfolio is a discretionary portfolio management service that provides investors with access to some of the world's leading investment managers.Notes to Editors: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.  HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in Canada. With around 6,900 offices in over 80 countries and territories and assets of US$2,721bn at 30 September 2012, the HSBC Group is one of the world's largest banking and financial services organizations.HSBC Global Asset Management, the core investment business of the HSBC Group, manages assets totaling US$416bn and is a leader in emerging markets funds, with more than US$144bn of assets managed in global, regional and country specific emerging markets strategies across a range of asset classes. HSBC Global Asset Management has a worldwide client base of private clients, intermediaries; corporates and institutions invested in both segregated accounts and pooled funds. HSBC Global Asset Management fulfills its purpose of connecting these customers with investment opportunities through an international network of offices in approximately 30 countries, delivering global capabilities with local market insight. (All figures as at 30 September 2012.) For more information see www.assetmanagement.hsbc.com.HSBC World Selection® Portfolio is a portfolio investment service offered by HSBC Investment Funds (Canada) Inc.  In this service, a client's assets are invested in model portfolios. Each model portfolio is comprised of investments in HSBC Pooled Funds, which are mutual funds managed by HSBC Global Asset Management (Canada) Limited and distributed by HSBC Investment Funds (Canada) Inc. HSBC Global Asset Management (Canada) Limited provides discretionary investment management services to the portfolios in the HSBC World Selection Portfolio service. Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with investments in the HSBC Pooled Funds and/or the HSBC World Selection Portfolio service.  Please read the applicable account opening documentation and prospectus before applying for the HSBC World Selection Portfolio service.  The HSBC World Selection Portfolio service and the HSBC Pooled Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer.  The value of mutual fund investments may change frequently and past performance may not be repeated. The unit value of money market funds may not remain constant.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.  As primary investment advisor, HSBC Global Asset Management (Canada) Limited may hire sub-advisors for the HSBC Pooled Funds, including sub-advisors that are affiliated to HSBC Global Asset Management (Canada) Limited.  HSBC Global Asset Management (Canada) Limited may hire or replace a sub-advisor at any time. 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. HSBC Global Asset Management (Canada) Limited is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada and provides its services in all provinces of Canada except Prince Edward Island, and also provides its services in the Northwest Territories. HSBC Investment Funds (Canada) Inc. is a direct subsidiary of HSBC Global Asset Management (Canada) Limited and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island.World Selection® is a registered trade-mark of HSBC Bank Canada.SOURCE: HSBC Global Asset Management (Canada) LimitedFor further information: Media enquiries:Ernest Yee(604) 641-2973Sharon Wilks(416) 868-3878