HSBC Global Asset Management appoints new World Selection(TM) sub-advisor

VANCOUVER, May 25 /CNW/ - HSBC Global Asset Management (Canada) Limited has added a new sub-advisor to the group of best-in-class investment managers for the World Selection(TM) Portfolios.

Effective May 18, 2010, Picton Mahoney Asset Management was appointed sub-advisor to HSBC MultiAlpha Canadian Equity Pooled Fund, and will co-manage this Fund with Toronto-based Scheer Rowlett & Associates Investment Management Ltd.

HSBC MultiAlpha Pooled Funds have the flexibility to leverage the expertise of multiple managers with complementary styles providing investors with an additional level of diversification and the opportunity over time to enhance their potential risk adjusted return.

HSBC MultiAlpha Pooled Funds managers also include: Alliance Bernstein, Cohen & Steers Capital Management; Eaton Vance Management; Los Angeles Capital Management; Martin Currie Inc.; Mawer Investment Management; Rainier Investment Management; Scheer, Rowlett & Associates; Winslow Capital Management; Westfield Capital Management Company, LLC; and HSBC Global Asset Management (Canada) Limited.

World Selection is a discretionary portfolio management service that gives HSBC investors access to some of the world's leading investment managers.

     <<     Notes to Editors:     -----------------     1.  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 88         countries and territories and assets of US$2,364 billion at 31         December 2009, the HSBC Group is one of the world's largest banking         and financial services organizations.      2.  HSBC Global Asset Management (Canada) Limited is a wholly-owned         subsidiary of, but separate entity from, HSBC Bank Canada and is the         Canadian business of HSBC Global Asset Management.      3.  Globally, HSBC Global Asset Management, the core investment business         of the HSBC Group, has approximately US$448.5 billion under         management at 31 December 2009. With investment teams based in 20         locations throughout Europe, Asia-Pacific and the Americas, HSBC         Global Asset Management is able to deliver global capabilities with         the benefit of local market perspectives.      4.  HSBC World Selection(TM) is a discretionary portfolio management         service offered by HSBC Global Asset Management (Canada) Limited, 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 Selection service. Please         consult a financial advisor and read the applicable account opening         documentation and prospectus before applying for the HSBC World         Selection service. Neither the HSBC World Selection 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.     >>