The world's local bank
16 Oct 2006
HSBC Group of Companies in Canada
HSBC Bank Canada (the Bank) - A Canadian bank licensed to do business in every province in Canada.
HSBC Global Asset Managements (Canada) Limited* – A portfolio manager and investment counsellor offering its services in every province in Canada except Prince Edward Island.
HSBC Investment Funds (Canada) Inc.* – A mutual fund dealer offering its services in every province in Canada except Prince Edward Island.
HSBC Trust Company (Canada)* – A federally regulated trust company offering its services in every province and territory in Canada except Prince Edward Island.
HSBC Securities (Canada) Inc.* – A full service brokerage firm offering its services in every province and territory of Canada.
HSBC InvestDirect - A division of HSBC Securities. No investment advice is provided or suitability review conducted on accounts held at the HSBC InvestDirect Division.
HSBC Capital (Canada) Inc.* – A company offering merchant and investment banking services and licensed to do business in the provinces of British Columbia, Alberta, Manitoba and Ontario, Canada.
HSBC Mortgage Corporation (Canada)* – A company issuing guaranteed investment certificates (GICs) and licensed to do business in every province in Canada except Prince Edward Island.
HSBC Insurance Agency (Canada) Inc.* – A company in the business of selling life insurance products to clients in Alberta, British Columbia, Saskatchewan, Ontario and Quebec.
HSBC Finance Mortgages Inc.* - A consumer finance company that offers 1st and 2nd lien mortgages through retail branches in every province in Canada.
HSBC Finance Corporation Canada* - A consumer finance company that offers unsecured loans and credit insurance products through retail branches in every province in Canada.
HSBC Retail Services Limited* - offers private-label credit cards and closed end financing to various merchants in Canada.
Household Trust Company* - A small Trust company offering mortgages and deposit products in every province in Canada.
*These companies are not banks but are subsidiaries of the Bank.
CDIC/CIPF:
The Bank, HSBC Mortgage Corporation (Canada), HSBC Trust Company (Canada) and Household Trust Company are members of Canada Deposit Insurance Corporation (CDIC).
For details on the CDIC, click here.
Monies and accounts held with, and products of, HSBC Global Asset Management (Canada), HSBC Investment Funds (Canada), HSBC Securities (Canada), and HSBC Capital (Canada) are not insured by CDIC.
HSBC Mutual Fund and HSBC Pooled Funds are not guaranteed or insured by CDIC, the Bank, or any other deposit insurer or financial institution.
However, HSBC Securities (Canada) is a member of the Canadian Investor Protection Fund (CIPF), so its customer accounts are protected by the Fund within specified limits. A brochure describing the nature and limits of the coverage is available upon request from one of its representatives.
HSBC Mutual Funds
HSBC Investment Funds (Canada) Inc. (“HSBCIF”) is the manager and principal distributor of the HSBC Mutual Funds. Commissions, trailing commissions, management fees and expenses all may be associated with investments in the HSBC Mutual Funds. Please read the HSBC Mutual Funds Simplified Prospectus before applying to invest. HSBC Mutual Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer or financial institution. The value of an investment in the HSBC Mutual Funds may change frequently and past performance may not be repeated. The unit value of money market funds may not remain constant. HSBCIF is a direct subsidiary of HSBC Global Asset Management (Canada) Limited and an indirect subsidiary of HSBC Bank Canada and provides its services in all provinces of Canada except Prince Edward Island.
HSBC Pooled Funds
HSBC Global Asset Management (Canada) Limited (“HSBC Global Asset Management”) is the manager and primary investment advisor for the HSBC Pooled Funds, a family of public mutual funds. HSBC Investment Funds (Canada) Inc. (“HSBCIF”) is the principal distributor of the HSBC Pooled Funds and HSBC Securities (Canada) Inc. (“HSBC Securities”) is an authorized dealer of the HSBC Pooled Funds. HSBC Global Asset Management may hire other investment advisors for the HSBC Pooled Funds. HSBC Global Asset Management may hire or replace an advisor at any time. Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with investments in the HSBC Pooled Funds. The indicated rates of return are the historical annual compounded total returns. The returns are based on the historical annual compounded total returns including changes in unit values. The rates of return and performance data assume reinvestment of all distributions and do not take into account sales, redemption, distribution or optional charges or income taxes payable by any unitholder in respect of a participating fund that would have reduced returns. Please read the applicable Simplified Prospectus for the HSBC Pooled Funds before applying to invest. HSBC Pooled Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer or financial institution. The value of an investment in the HSBC Pooled Funds may change frequently and past performance may not be repeated. The unit value of money market funds may not remain constant. To purchase the HSBC Pooled Funds, an investor must enter into an investment management agreement with HSBC Global Asset Management. HSBC Global Asset Management, HSBCIF and HSBC Securities are subsidiaries of HSBC Bank Canada. HSBC Global Asset Management and HSBCIF provide their services in all provinces of Canada except Prince Edward Island. HSBC Securities provides its services in all provinces of Canada and the Yukon Territory. HSBC Securities is a member of the Canadian Investor Protection Fund, so their customer accounts are protected by the Fund within specified limits. A brochure describing the nature and limits of the coverage is available upon request.
HSBC World SelectionTM
HSBC World SelectionTM is a discretionary portfolio management service offered by HSBC Global Asset Management (Canada) Limited ("HSBC Global Asset Management"), HSBC Premier Wealth Planning, a division of HSBC Securities (Canada) Inc., and through authorized agents. Under this discretionary service, assets of participating clients are invested in HSBC Pooled Funds, which are mutual funds managed by HSBC Global Asset Management and distributed by HSBC Investment Funds (Canada) Inc. and other authorized dealers. Commissions, trailing commissions, management fees, investment management fees and expenses may be associated with investments in the HSBC Pooled Funds and the HSBC World SelectionTM service. Please consult a financial advisor and read the applicable account opening documentation and prospectus before applying for the HSBC World SelectionTM service. Neither the HSBC World SelectionTM service nor the HSBC Pooled Funds are guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer. The value of mutual fund investments changes frequently and past performance may not be repeated. The unit value of money market funds may not remain constant.
HSBC Global Asset Management and HSBC Securities (Canada) Inc. are each wholly owned subsidiaries of, but separate entities from, HSBC Bank Canada. HSBC Securities (Canada) Inc. is a CIPF member.
Market Commentary
The Market Commentaries relating to the HSBC Mutual Funds have been issued by HSBC Global Asset Management (Canada) for the information of the investors of those funds in jurisdictions where HSBC Global Asset Management (Canada) is registered to provide advisory services only (see above). Investors are strongly recommended to consult their investment adviser before considering a specific transaction.
These commentaries are not an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Although HSBC Global Asset Management (Canada) has based the commentaries on information obtained from sources HSBC Global Asset Management (Canada) believes to be reliable, HSBC Global Asset Management (Canada) has not independently verified such information. Accordingly, HSBCGlobal Asset Management (Canada) makes no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Opinions expressed in this document are those of the Research Department of HSBC Global Asset Management (Canada) only and are subject to change without notice.
Please note that HSBC Global Asset Management (Canada), its affiliates and their respective officers, directors and employees may hold a position in any securities mentioned in this document (or in any related investment) and may from time to time add to or sell any such securities or investment. As well, HSBC Global Asset Management (Canada) and its affiliates may act as market maker or have assumed an underwriting commitment in the securities of companies discussed in this document (or in related investments), may sell them to or buy them from customers on a principal basis and may also perform or seek to perform investment banking or underwriting services for or relating to those companies.
