HSBC Global Asset Management (Canada) Limited is renamed RBC Indigo Asset Management Inc. and announces fund name changes and capping of certain funds and series

TORONTO, March 29, 2024 /CNW/ - Effective today, upon the completion of the acquisition of HSBC Bank Canada ("HSBC Canada") by Royal Bank of Canada ("RBC"), HSBC Global Asset Management (Canada) Limited, HSBC Canada's asset management division, became a wholly-owned subsidiary of RBC and is renamed RBC Indigo Asset Management Inc. ("RBC Indigo"). In addition, effective today, all HSBC Mutual Funds and HSBC Pooled Funds managed by RBC Indigo will be referred to as RBC Indigo Mutual Funds and RBC Indigo Pooled Funds (collectively, the "RBC Indigo Funds" or the "Funds") and renamed. These name changes are set out below. In addition, changes to certain other RBC Indigo Funds are explained below.

RBC Indigo Strategic Funds (formerly known as HSBC Wealth Compass Funds) closed to new investors
Effective April 1, 2024, RBC Indigo Strategic Funds will be closed to new investors. Existing investors will continue to be able to add to their existing holdings.

Premium Series and Premium T Series of RBC Indigo Mutual Funds (formerly known as HSBC Mutual Funds) closed to new investors
Effective July 31, 2024, Premium Series and Premium T Series units of RBC Indigo Funds will be closed to new investors. Existing investors will continue to be able to add to their existing holdings. Furthermore, the Automatic Switch Program, pursuant to which Investor Series and Investor T Series units may be automatically reclassified to Premium Series and Premium T Series of the same Fund, respectively, depending on the market value of an investor's units on the last business day of every month, will discontinue effective August 1, 2024.

Fund name changes
Effective March 29, 2024, the Funds are renamed as follows:

Current Name	New Name
HSBC Mutual Funds	RBC Indigo Mutual Funds
HSBC Canadian Money Market Fund	RBC Indigo Canadian Money Market Fund
HSBC U.S. Dollar Money Market Fund	RBC Indigo U.S. Dollar Money Market Fund
HSBC Mortgage Fund	RBC Indigo Mortgage Fund
HSBC Canadian Short/Mid Bond Fund	RBC Indigo Canadian Short/Mid Bond Fund
HSBC Canadian Bond Fund	RBC Indigo Canadian Bond Fund
HSBC Global Corporate Bond Fund	RBC Indigo Global Corporate Bond Fund
HSBC Emerging Markets Debt Fund	RBC Indigo Emerging Markets Debt Fund
HSBC Monthly Income Fund	RBC Indigo Monthly Income Fund
HSBC U.S. Dollar Monthly Income Fund	RBC Indigo U.S. Dollar Monthly Income Fund
HSBC Canadian Balanced Fund	RBC Indigo Canadian Balanced Fund
HSBC Dividend Fund	RBC Indigo Dividend Fund
HSBC Equity Fund	RBC Indigo Equity Fund
HSBC Small Cap Growth Fund	RBC Indigo Small Cap Growth Fund
HSBC Global Equity Fund	RBC Indigo Global Equity Fund
HSBC Global Equity Volatility Focused Fund	RBC Indigo Global Equity Volatility Focused Fund
HSBC U.S. Equity Fund	RBC Indigo U.S. Equity Fund
HSBC European Fund	RBC Indigo European Fund
HSBC AsiaPacific Fund	RBC Indigo AsiaPacific Fund
HSBC Chinese Equity Fund	RBC Indigo Chinese Equity Fund
HSBC Indian Equity Fund	RBC Indigo Indian Equity Fund
HSBC Emerging Markets Fund	RBC Indigo Emerging Markets Fund
HSBC Emerging Markets Fund II	RBC Indigo Emerging Markets Fund II
HSBC U.S. Equity Index Fund	RBC Indigo U.S. Equity Index Fund
HSBC International Equity Index Fund	RBC Indigo International Equity Index Fund
HSBC Emerging Markets Equity Index Fund	RBC Indigo Emerging Markets Equity Index Fund
HSBC World Selection® Diversified Funds	RBC Indigo Diversified Funds
HSBC World Selection Diversified Conservative Fund	RBC Indigo Diversified Conservative Fund
HSBC World Selection Diversified Moderate Conservative Fund	RBC Indigo Diversified Moderate Conservative Fund
HSBC World Selection Diversified Balanced Fund	RBC Indigo Diversified Balanced Fund
HSBC World Selection Diversified Growth Fund	RBC Indigo Diversified Growth Fund
HSBC World Selection Diversified Aggressive Growth Fund	RBC Indigo Diversified Aggressive Growth Fund
HSBC Wealth Compass^TM Funds	RBC Indigo Strategic Funds
HSBC Wealth Compass Conservative Fund	RBC Indigo Strategic Conservative Fund
HSBC Wealth Compass Moderate Conservative Fund	RBC Indigo Strategic Moderate Conservative Fund
HSBC Wealth Compass Balanced Fund	RBC Indigo Strategic Balanced Fund
HSBC Wealth Compass Growth Fund	RBC Indigo Strategic Growth Fund
HSBC Wealth Compass Aggressive Growth Fund	RBC Indigo Strategic Aggressive Growth Fund
HSBC Pooled Funds	RBC Indigo Pooled Funds
HSBC Canadian Money Market Pooled Fund	RBC Indigo Canadian Money Market Pooled Fund
HSBC Mortgage Pooled Fund	RBC Indigo Mortgage Pooled Fund
HSBC Canadian Bond Pooled Fund	RBC Indigo Canadian Bond Pooled Fund
HSBC Global High Yield Bond Pooled Fund	RBC Indigo Global High Yield Bond Pooled Fund
HSBC Global Inflation Linked Bond Pooled Fund	RBC Indigo Global Inflation Linked Bond Pooled Fund
HSBC Emerging Markets Debt Pooled Fund	RBC Indigo Emerging Markets Debt Pooled Fund
HSBC Canadian Dividend Pooled Fund	RBC Indigo Canadian Dividend Pooled Fund
HSBC Canadian Equity Pooled Fund	RBC Indigo Canadian Equity Pooled Fund
HSBC Canadian Small Cap Equity Pooled Fund	RBC Indigo Canadian Small Cap Equity Pooled Fund
HSBC U.S. Equity Pooled Fund	RBC Indigo U.S. Equity Pooled Fund
HSBC International Equity Pooled Fund	RBC Indigo International Equity Pooled Fund
HSBC Emerging Markets Pooled Fund	RBC Indigo Emerging Markets Pooled Fund
HSBC Global Real Estate Equity Pooled Fund	RBC Indigo Global Real Estate Equity Pooled Fund

Additional information regarding these changes and certain related changes affecting RBC Indigo will be set out in an Amended and Restated Simplified Prospectus of the RBC Indigo Funds dated March 31, 2024, amending and restating the Simplified Prospectus dated June 27, 2023, as well as updated Fund Facts for the Funds dated March 31, 2024, which will be available at rbcindigo.com or at sedarplus.ca.

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. RBC Indigo Funds are offered by RBC Indigo and distributed through authorized dealers in Canada. RBC Indigo is a member of the RBC GAM group of companies and a wholly owned subsidiary of Royal Bank of Canada.

About RBC

Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the United States and 27 other countries. Learn more at rbc.com.

We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact.

About RBC Global Asset Management

RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay, Phillips, Hager & North Investment Management and RBC Indigo Asset Management Inc. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $575 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia.

The trade mark(s) ^®World Selection, HSBC Wealth Compass™ and all similar trademarks and derivations thereof are used temporarily under licence by HSBC Overseas Holdings (UK) Limited to Royal Bank of Canada and related group entities.

SOURCE RBC Global Asset Management Inc.

Brandon Dorey, RBC GAM Corporate Communications, 416-955-7397