HSBC Asset Management Announces Changes to Its Mutual Fund Series

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VANCOUVER, British Columbia–(BUSINESS WIRE)–Nov 4, 2021–

HSBC Global Asset Management (Canada) Limited, manager of the HSBC Mutual Funds, announced today changes to its mutual funds. The changes include a new D series and capping of its Manager series to new investors.

New D series units
HSBC Global Asset Management (Canada) Limited has today announced the launch of a new D series of the HSBC Mutual Funds and DT series of the HSBC Monthly Income Fund and the HSBC U.S. Dollar Monthly Income Fund. Both series will be available starting December 6, 2021 to Order Execution Only dealers, and any other dealers that do not make a suitability determination, to make available to their clients. The DT series of the HSBC Monthly Income Fund and the HSBC U.S. Dollar Monthly Income Fund are for investors who are seeking consistent monthly distributions. The D and DT series do not pay any sales charges or trailing commissions to dealers.


Manager series closed to new investors
On December 6, 2021, the Manager series of the HSBC Mutual Funds, excluding the HSBC Wealth Compass Funds, will be closed to new investors. Current unitholders of Manager series units will continue to be able to make investments into the Manager series of the same fund after it is capped to new investors. The Manager series is generally for investors enrolled in a dealer-sponsored “fee-for-service” or “wrap” program subject to an annual asset-based fee.

Purchase orders by new investors for Manager series units (excluding the HSBC Wealth Compass Funds) will only be processed if received before 4:00 pm EDT on December 3, 2021.

Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.

Notes to editors:


HSBC Asset Management is the marketing name for the asset management businesses of HSBC Holdings plc. For more information, see

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SOURCE: HSBC Global Asset Management (Canada) Limited

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PUB: 11/04/2021 04:37 PM/DISC: 11/04/2021 04:37 PM

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