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HSBC Launches World Selection Funds in the US
22 March 2010
"World Class Portfolios from the World's Local Bank"
New York, NY - HSBC Global Asset Management has launched the "World Selection Funds," an innovative range of multi-asset mutual funds that provide US individual investors access to a wide range of respected investment management firms.
The World Selection Funds are part of a global initiative within HSBC, giving clients access to some of the world's leading investment managers. World Selection is comprised of a broad range of asset classes, including domestic and international equity, bonds, commodities, property, and private equity and are managed for their long-term growth potential by HSBC's global team of investment professionals.
"The World Selection Funds have been developed keeping investment diversification top of mind for those individuals trying to achieve long-term competitive results. The last two years have underscored the importance of diversification not only by geography but also by asset class," said Steve Baker, Chief Executive Officer of HSBC Global Asset Management in the U.S. "As a global institution with a presence in the developed world and in the most dynamic emerging markets, HSBC is well positioned to deliver a comprehensive suite of investment portfolios."
Various world selection products are offered to HSBC customers across Europe, Asia Pacific, the Middle East, and the Americas taking advantage of HSBC's worldwide reach.
Each of the World Selection Funds is constructed for a particular customer risk profile, ranging from conservative to aggressive. The World Selection Funds offer a diversified mix of asset classes, tactical active management of the portfolio asset allocation and due diligence of participating investment managers.
Notes to editors:
HSBC Global Asset Management (USA) Inc.
HSBC Global Asset Management is a group of companies in many countries and territories throughout the world that are engaged in investment advisory and fund management activities, which are ultimately owned by HSBC Holdings plc. As of December 31, 2009, HSBC Global Asset Management (USA) Inc. managed/advised $58.3 billion, representing 13.6% of all assets under management/advice by HSBC Global Asset Management. For more information, visit www.assetmanagement.hsbc.com
About HSBC Bank USA, N.A.
HSBC Bank USA, National Association operates more than 475 bank branches throughout the United States. There are over 370 in New York state as well as branches in Connecticut, Washington, D.C., Florida, New Jersey, Pennsylvania, Maryland, Virginia, California, Delaware, Illinois, Oregon and Washington State. HSBC Bank USA, N.A. is the principal subsidiary of HSBC USA Inc., an indirect, wholly-owned subsidiary of HSBC North America Holdings Inc., one of the ten largest banking holding companies in the United States. HSBC Bank USA, N.A. is a member of the FDIC.
HSBC Bank USA, N.A., with total assets of $171 billion as of 31 December 2009, offers its 3.8 million plus customers a full range of banking products and services to individuals, including high net worth individuals, small businesses, corporations, institutions and governments through its personal financial services, commercial banking, private banking and global banking and markets segments.
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,000 offices in 88 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,364 billion at 31 December 2009, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.
- Juanita Gutierrez
There are risks associated with investing in a fund that invests in securities of foreign countries, such as erratic market conditions, economic and political instabilities and fluctuations in currency exchanges.
Foreside Distribution Services, L.P., the distributor, is not affiliated with the adviser.
Diversification does not guarantee a profit or protect against a loss, and cannot eliminate the risk of fluctuating prices and uncertain returns.
Investors should consider the investment objectives, risks, charges, and expenses of the investment company carefully before investing. The prospectus contains this and other important information about the investment company. For clients of HSBC Securities (USA) Inc., please call 1-888-525-5757 for more information. For other investors and prospective investors, please call the Funds directly at 1-800-782-8183 or visit our website at www.investorfunds.us.hsbc.com. Investors should read the prospectus carefully before investing or sending money.
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