Vancouver, British Columbia–(BUSINESS WIRE)–HSBC Global Asset Management (Canada) Limited (“AMCA”), manager of HSBC Mutual Funds, today announced that investors have approved changes to the investment objectives of the HSBC BRIC Equity Fund ( “the Fund”) at a special meeting of unitholders held earlier today.

In order to reflect changes in the investment objectives, on or about December 2, 2022, the name, investment strategies and benchmark of the Fund will change as follows. The Fund’s risk rating will remain unchanged and the Fund will remain closed to new purchases.

Current fund name

New fund name

HSBC BRIC Equity Fund

HSBC Emerging Markets Fund II

Current investment objectives

New investment goals

The fundamental investment objective of this Fund is to provide long-term capital growth by investing primarily in equity and equity-like securities of companies in certain emerging countries. We can only change the fundamental investment objective of the Fund with the approval of a majority of the votes cast at a meeting of investors of the Fund held to consider the change.

The fundamental investment objective of this Fund is to provide long-term capital growth by investing primarily in equity securities of companies of all sizes in emerging markets worldwide, directly or indirectly. We can only change the fundamental investment objective of the Fund with the approval of a majority of the votes cast at a meeting of investors of the Fund held to consider the change.

Current investment strategy

New investment strategy

The Sub-Fund will invest primarily in equities issued by large companies domiciled, based or exercising the predominant part of their business activities in Brazil, Russia, India and/or China (including Hong Kong SAR) (“BRIC” ). The portfolio may also include securities of appropriate smaller companies and equity-related securities, including, but not limited to, warrants and participation certificates.

The Fund’s investment advisor seeks to add value through stock selection by selecting quality companies that offer an attractive combination of profitability and valuation. The Fund’s investment adviser may tactically allocate between BRIC countries and over- or under-allocate between countries as it deems appropriate.

The Fund will invest primarily in equity and equity-related securities of publicly traded companies whose principal activities are located in emerging markets and economies around the world. This includes securities of companies domiciled or listed on a stock exchange in developed countries, but which have a significant commercial or investment link with an emerging country. For this purpose, the Fund will generally only invest in companies domiciled or listed in developed markets where such companies are owned or controlled by emerging market entities, or where a substantial portion of the profits, production facilities, turnover, assets or investments of these companies are based or come from emerging countries. The Fund may obtain this exposure by investing directly in these securities or indirectly by investing in units of the HSBC Emerging Markets Fund.

When investing directly in equity securities, the Fund is managed using a “bottom-up” stock selection approach focusing on company fundamentals. Many top-down factors including investment megatrends, politics, fiscal situation, inflation and monetary policy are taken into account and can influence portfolio construction and risk control.

Current reference

New reference

25% MSCI Brazil Net Index (CAD$);

25% MSCI Russia Net Index (C$);

25% MSCI India Net Index (C$);

25% MSCI China Net Index (CAD)

MSCI Emerging Markets Net Index (CAD)

Please consult your advisor and read the simplified prospectus or fund facts before investing. Commissions, trailing commissions, management fees and expenses all may be 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 country’s leading international bank. We help businesses and individuals across Canada do business and manage their finances at home and abroad through four business lines: Business Banking, Global Banking, Market Services and Securities, and Personal and Retail Banking.

    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 63 countries and territories in its geographic regions: Europe, Asia, North America, Latin America, Middle East and North Africa. With assets of $2.992 billion as of September 30, 2022, HSBC is one of the largest banking and financial services organizations in the world.
  3. HSBC Global Asset Management (Canada) Limited (“AMCA”) is a wholly owned subsidiary of, but separate from, HSBC Bank Canada and is the Canadian business of HSBC Asset Management. HSBC Global Asset Management (Canada) Limited is the manager and principal investment advisor of the HSBC Mutual Funds and HSBC Pooled Funds (collectively, the “HSBC Funds”). HSBC Investment Funds (Canada) Inc. is the principal distributor of HSBC Mutual Funds. HSBC Mutual Funds are also distributed through authorized dealers.

    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 adviser or broker. 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 materials and other information 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 consistent. repeat. For money market funds, there can be no assurance 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.

  4. HSBC Asset Management, the parent company’s global asset management business, HSBC Holdings plc, which includes HSBC Global Asset Management (Canada) Limited, invests on behalf of HSBC’s global clientele of retail and private clients, intermediaries, companies and institutions through separate accounts and pooled accounts and mutual funds. HSBC Asset Management connects HSBC clients with investment opportunities around the world through an international network of offices in over 20 locations, offering global capabilities with local market knowledge. As of September 30, 2022, HSBC Asset Management managed assets totaling US$574 billion on behalf of its clients.

    HSBC Asset Management is the trading name for the asset management business of HSBC Holdings plc. For more information, visit assetmanagement.hsbc.ca