HSBC to Reduce Fees on Mutual Funds

HSBC Global Asset Management (Canada) Limited, manager of the HSBC Mutual Funds, will lower the management and trailer fees on certain series of the HSBC World Selection® Diversified Funds.



“In today’s fee conscious environment, reducing the cost of investing is essential to helping clients achieve their financial objectives. These fee reductions reaffirm our commitment to delivering a robust line up of mutual funds at competitive pricing,” said Marc Cevey, Chief Executive Officer at HSBC Global Asset Management (Canada) Limited.

The table below sets out the new management fees for the HSBC World Selection Diversified Funds. The fee changes take effect 20 June 2017.

Investor Series & Advisor Series

Current
Management
Fee

New
Management
Fee

HSBC World Selection Diversified Conservative Fund

1.50%

1.40%

HSBC World Selection Diversified Moderate Conservative Fund

1.50%

1.40%

HSBC World Selection Diversified Balanced Fund

1.75%

1.55%

HSBC World Selection Diversified Growth Fund

2.00%

1.75%

HSBC World Selection Diversified Aggressive Growth Fund

2.00%

1.75%

 

Additionally, on 22 September 2017, the trailer fees for the HSBC World Selection Diversified Funds will also be reduced as follows:

Investor Series & Advisor Series

Current
Trailer Fee

New
Trailer Fee

HSBC World Selection Diversified Conservative Fund

0.75%

0.70%

HSBC World Selection Diversified Moderate Conservative Fund

0.75%

0.70%

HSBC World Selection Diversified Balanced Fund

0.85%

0.75%

HSBC World Selection Diversified Growth Fund

1.00%

0.85%

HSBC World Selection Diversified Aggressive Growth Fund

1.00%

0.85%

SOURCE HSBC Bank Canada