HSBC INVESTMENT FUNDS (CANADA) INC. RECEIVES APPROVAL FOR FUND MERGERS

VANCOUVER, Nov. 29 /CNW/ - HSBC Investment Funds (Canada) Inc. has received unitholder approval to merge each of the four HSBC LifeMap^® MM Portfolios into their equivalent LifeMap^® Portfolio, as described below.

Terminating Funds			Continuing Funds
HSBC LifeMap^® MM Moderate Conservative Portfolio			HSBC LifeMap^® Moderate Conservative Portfolio
HSBC LifeMap^® MM Balanced Portfolio			HSBC LifeMap^® Balanced Portfolio
HSBC LifeMap^® MM Growth Portfolio			HSBC LifeMap^® Growth Portfolio
HSBC LifeMap^® MM Aggressive Growth Portfolio			HSBC LifeMap^® Aggressive Growth Portfolio

The mergers were approved by 96.48%, 99.11%, 98.81% and 93.13%, respectively, of the votes cast at the meetings of the four LifeMap MM Portfolios held on November 26, 2010.  The proposed mergers will be effective on or about December 10, 2010. 

On the effective date of the mergers, holders of Investor Series, Advisor Series, Manager Series and Institutional Series units of each HSBC LifeMap MM Portfolio will receive Investor Series, Advisor Series, Manager Series and Institutional Series units, respectively, of the equivalent HSBC LifeMap Portfolio.  Following the mergers, the HSBC LifeMap MM Portfolios will be wound up and terminated.  Unitholders in the HSBC LifeMap MM Portfolios have the right to redeem their units up to the close of business on December 9, 2010, or on the business day immediately preceding the effective date of the mergers.

Additional details regarding the mergers and the other changes are set out in Amendment No. 1 dated September 27, 2010 to the Simplified Prospectus of the funds dated December 16, 2009 and in the Notice of Special Meetings and Joint Management Information Circular dated October 20, 2010, available at www.sedar.com. 

Notes to Editors:

1. HSBC Investment Funds (Canada) Inc. is a subsidiary of HSBC Bank Canada. HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 260 offices, including over 140 bank branches, and is the leading international bank in Canada. With around 8,000 offices in 87 countries and territories and assets of US$2,418 billion at 30 June 2010, the HSBC Group is one of the world's largest banking and financial services organizations.
   
   
2. HSBC Mutual Funds are distributed by HSBC Investment Funds (Canada) Inc. and authorized dealers. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus 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.

For further information:

Media enquiries:

Ernest Yee Vice President, Corporate Affairs HSBC Bank Canada Tel:  [phone]

SharonWilks Assistant Vice President, Public Affairs HSBC Bank Canada Tel: [phone]