HSBC Asset Management closes HSBC Sustainable Balanced Fund

VANCOUVER, British Columbia--(BUSINESS WIRE)--HSBC Global Asset Management (Canada) Limited (AMCA), manager of the HSBC Mutual Funds, today announced the closure of the HSBC Sustainable Balanced Fund (the Fund). The Fund will close on or about 30 December 2022. The closure of the Fund will have no impact on the other funds in the HSBC Mutual Funds family.

HSBC Bank Canada is the sole unitholder of the Fund, and the Fund was never made available for sale to the public.

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.
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$2,992bn at 30 September 2022, HSBC is one of the world’s largest banking and financial services organizations. For more information visit www.hsbc.ca or follow us on Twitter: @HSBC_CA or Facebook: @HSBCCanada
3. 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 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. 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 30 September 2022, HSBC Asset Management managed assets totalling US$574bn 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 www.assetmanagement.hsbc.ca.