HSBC Announces Changes to HSBC World Selection® Diversified Funds

VANCOUVER, June 15, 2016 /CNW/ - HSBC Global Asset Management (Canada) Limited, manager of the HSBC World Selection^® Diversified Funds (the "Funds"), announced today that it intends to change each Fund's targeted strategic asset mix range.

It is intended that on or around 15 June 2016, the new strategic asset mix ranges for each of the Funds will take effect:

HSBC World Selection Diversified Conservative Fund

	New Ranges	Existing Ranges
Cash	0.0 - 17.0%	0.0 - 12.5%
Fixed Income	55.0 - 75.0%	52.5 - 85.0%
Domestic Equity	6.0 - 26.0%	5.0 - 25.0%
Foreign Equity	2.0 - 22.0%	0.0 - 20.0%

HSBC World Selection Diversified Moderated Conservative Fund

	New Ranges	Existing Ranges
Cash	0.0 - 15.0%	0.0 - 7.5%
Fixed Income	42.0 - 62.0%	47.5 - 75.0%
Domestic Equity	12.5 - 32.5%	10.0 - 30.0%
Foreign Equity	10.5 - 30.5%	5.0 - 25.0%

HSBC World Selection Diversified Balanced Fund

	New Ranges	Existing Ranges
Cash	0.0 - 15.0%	0.0 – 5.0%
Fixed Income	23.0 - 43.0%	30.0 - 60.0%
Domestic Equity	20.0 - 40.0%	17.5 - 37.5%
Foreign Equity	22.0 - 42.0%	17.5 - 37.5%

HSBC World Selection Diversified Growth Fund

	New Ranges	Existing Ranges
Cash	0.0 - 10.0%	0.0 - 10.0%
Fixed Income	13.0 - 33.0%	15.0 - 35.0%
Domestic Equity	21.0 - 41.0%	25.0 - 45.0%
Foreign Equity	36.0 - 56.0%	30.0 - 50.0%

HSBC World Selection Diversified Aggressive Growth Fund

	New Ranges	Existing Ranges
Cash	0.0 - 10.0%	0.0 - 10.0%
Fixed Income	0.0 - 20.0%	0.0 - 15.0%
Domestic Equity	17.5 - 37.5%	25.0 - 45.0%
Foreign Equity	52.5 - 72.5%	50.0 - 70.0%

HSBC Global Asset Management (Canada) Limited actively manages the asset allocation for the Funds – which is expected to generally remain within the stated strategic asset mix ranges – and, at its discretion, may also change the Funds' strategic asset mix ranges from time to time.

The changes reflect HSBC Global Asset Management (Canada) Limited's ongoing goal to improve the way it manages the assets for each Fund in accordance with the Fund's investment objective. The Funds will continue to use strategic asset allocation as the principal investment strategy. Please note the changes to each Fund's strategic asset mix ranges will not impact its overall risk rating.

Notes to editors:

1. HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading international bank in the country. We help companies and individuals across Canada to do business and manage their finances internationally through three global business lines: Commercial Banking, Global Banking and Markets, and Retail Banking and Wealth Management. Canada is a priority market for the HSBC Group – one of the world's largest banking and financial services groups with assets of US$2,596bn at 31 March 2016. Linked by advanced technology, HSBC serves customers worldwide through an international network of around 6,000 offices in 71 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa.
2. HSBC Global Asset Management (Canada) Limited (AMCA) is a wholly owned subsidiary, but separate entity from, HSBC Bank Canada. HSBC Investment Funds (Canada) Inc. (HIFC) is a direct subsidiary of AMCA and an indirect subsidiary of HSBC Bank Canada. AMCA and HIFC provide services in all provinces except Prince Edward Island.
3. HSBC Global Asset Management, the core investment management business of the HSBC Group, manages assets totalling US$429bn on behalf of its clients. HSBC's worldwide client base of retail and private clients, intermediaries, corporates and institutions invested in segregated accounts and pooled funds. HSBC Global Asset Management fulfils its purpose of connecting these customers with investment opportunities around the world through an international network of offices in approximately 30 countries, delivering global capabilities with local market insight. (All figures as at 31 March 2016). For more information see www.global.assetmanagement.hsbc.com 
4. 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. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the Fund Facts 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.
5. ^® World Selection is a registered trademark of HSBC Bank Canada.

SOURCE HSBC Global Asset Management (Canada) Limited

Media enquiries: Aurora Bonin, HSBC Bank Canada, Tel: [phone], Email: [email protected]; Sharon Wilks, HSBC Bank Canada, Tel: [phone], Email: [email protected]