HSBC Global Asset Management (Canada) Limited is renamed RBC Indigo Asset Management Inc. and announces fund name changes and capping of certain funds and series
HSBC Global Asset Management (Canada) Limited is renamed RBC Indigo Asset Management Inc. and announces fund name changes and capping of certain funds and series |
[29-March-2024] |
TORONTO, March 29, 2024 /CNW/ - Effective today, upon the completion of the acquisition of HSBC Bank Canada ("HSBC Canada") by Royal Bank of Canada ("RBC"), HSBC Global Asset Management (Canada) Limited, HSBC Canada's asset management division, became a wholly-owned subsidiary of RBC and is renamed RBC Indigo Asset Management Inc. ("RBC Indigo"). In addition, effective today, all HSBC Mutual Funds and HSBC Pooled Funds managed by RBC Indigo will be referred to as RBC Indigo Mutual Funds and RBC Indigo Pooled Funds (collectively, the "RBC Indigo Funds" or the "Funds") and renamed. These name changes are set out below. In addition, changes to certain other RBC Indigo Funds are explained below. RBC Indigo Strategic Funds (formerly known as HSBC Wealth Compass Funds) closed to new investors Premium Series and Premium T Series of RBC Indigo Mutual Funds (formerly known as HSBC Mutual Funds) closed to new investors Fund name changes
Additional information regarding these changes and certain related changes affecting RBC Indigo will be set out in an Amended and Restated Simplified Prospectus of the RBC Indigo Funds dated March 31, 2024, amending and restating the Simplified Prospectus dated June 27, 2023, as well as updated Fund Facts for the Funds dated March 31, 2024, which will be available at rbcindigo.com or at sedarplus.ca. Please consult your advisor and read the prospectus or Fund Facts document before investing. There may be commissions, trailing commissions, management fees and expenses associated with mutual fund investments. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. RBC Indigo Funds are offered by RBC Indigo and distributed through authorized dealers in Canada. RBC Indigo is a member of the RBC GAM group of companies and a wholly owned subsidiary of Royal Bank of Canada. About RBC Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 94,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 17 million clients in Canada, the United States and 27 other countries. Learn more at rbc.com. We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-social-impact. About RBC Global Asset Management RBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC) and includes money managers BlueBay, Phillips, Hager & North Investment Management and RBC Indigo Asset Management Inc. RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. The RBC GAM group of companies manage approximately $575 billion in assets and have approximately 1,500 employees located across Canada, the United States, Europe and Asia. The trade mark(s) ®World Selection, HSBC Wealth Compass™ and all similar trademarks and derivations thereof are used temporarily under licence by HSBC Overseas Holdings (UK) Limited to Royal Bank of Canada and related group entities. SOURCE RBC Global Asset Management Inc. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company Codes: NYSE:RY, Toronto:RY |