Re: Fee changes for HSBC World Selection Portfolio® - Correction

On or about July 29, 2019 all World Selection Portfolio account holders received a cover letter and legal notification about changes to the service fees. The legal notification, including the fee chart, are correct. There was a typo in the cover letter. Here is the correction:

Under the section in the letter called “Changes effective October 1, 2019”, point #1 should read: 
1. We are increasing the 2nd tier fee rate by 0.10% for assets on the next $850,000.

For example, for a Balanced Portfolio with a market value of $900,000, we will apply the rate of 1.75% to the first $150,000 and the new rate of 1.10% to $750,000.

You can get a copy of the corrected letter, with legal notification, by clicking here or speaking to your Mutual Fund Advisor. We appreciate your business and apologize for the error.

 

HSBC Mutual Funds1

  • Choose from a wide range of mutual funds with local and international exposure
  • Create a portfolio that meets your investment needs
  • Add the diversity you need to protect your investments from market volatility
  • Consider using mutual funds as the foundation of your RRSP portfolio
  • Benefit from HSBC's local and global market experience and insight

Additional details 

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HSBC World Selection®
Diversified Funds2

  • Diversify your investments with mutual funds managed by HSBC’s worldwide, on-the-ground investment team
  • Choose from 5 World Selection® Diversified Funds, based on your risk tolerance and financial needs
  • Access HSBC and other leading third-party mutual funds
  • Earn potentially higher returns by investing in world markets, including dynamic emerging markets

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HSBC World Selection® Portfolio2

  • Benefit from a globally diversified portfolio, tailored to your risk tolerance and investment objectives
  • Get peace of mind knowing your investments are being monitored and managed by portfolio managers at HSBC with local and global insight
  • Regular portfolio adjustments and rebalancing to ensure your portfolio remains aligned with your long-term objectives

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HSBC Wealth Compass™️ Funds

  • Convenient online access
  • Professionally managed to maintain their target risk level
  • Suitable for medium- to long-term investment goals
  • Available to HSBC Mutual Funds account opened online through HSBC Wealth Compass

 

* Total maximum combined bonuses available of $1,450 if you invest in World Selection© Portfolio or maximum combined bonuses of $1,350 if you invest in HSBC Mutual Funds (which includes mutual funds purchased online through HSBC Wealth Compass™) and meet all eligibility requirements for the Long Term Investing Bonus Offer and Regular Investing Bonus Offer. Please read the Terms and Conditions for details. Offer ends November 1, 2019.

1 HSBC Global Asset Management (Canada) Limited (“AMCA”) is the manager and primary investment advisor for the HSBC Mutual Funds. HSBC Investment Funds (Canada) Inc. ("HIFC") 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 prospectus, Fund Facts, and other disclosure documents before investing. 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 net asset values of all mutual funds, including the HSBC Mutual Funds, may change frequently and any past performance may not be repeated. For money market funds, there can be no assurances that such funds will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you.

2 HSBC World Selection® Portfolio is a portfolio investment service offered by HIFC. In this service, a client's assets are invested in model portfolios. Each model portfolio is comprised of investments in HSBC Pooled Funds, which are mutual funds managed by AMCA and distributed by HIFC. AMCA provides discretionary investment management services to the portfolios in the HSBC World Selection Portfolio service. Commissions, trailing commissions, management fees, investment management fees and expenses all may be associated with investments in the HSBC Pooled Funds and/or the HSBC World Selection Portfolio service. Please read the applicable account opening documentation and HSBC Fund Facts before applying for the HSBC World Selection Portfolio service. The HSBC World Selection Portfolio service and the HSBC Pooled Funds are not guaranteed or covered by the Canada Deposit Insurance Corporation, HSBC Bank Canada, or any other deposit insurer. The value of mutual funds may change frequently and past performance may not be repeated. The unit value of money market funds may not remain constant.

All products and services of HIFC and AMCA are only available for sale to residents of Canada, unless the laws of a foreign jurisdiction permit sales to its residents. Please contact your HSBC Mutual Fund Advisor for more details. The contents of this site should not be considered an offer to sell or a solicitation to buy products or services to any person in a jurisdiction where such offer or solicitation is considered unlawful.

HIFC is a direct subsidiary of AMCA and an indirect subsidiary of HSBC Bank Canada, and provides its services in all provinces of Canada except Prince Edward Island.  AMCA is a wholly owned subsidiary of, but separate entity from, HSBC Bank Canada and provides its services in all provinces of Canada except Prince Edward Island.

®World Selection is a registered trademark of HSBC Group Management Services Limited.

HSBC Wealth Compass™ is a trademark of HSBC Group Management Services Limited.