HSBC Global Asset Management (Canada) has decided to terminate the Advisor Series of all HSBC Mutual Funds.
The Advisor Series of all HSBC Mutual Funds are no longer available for purchase and will be terminated on or around Oct. 25. All other series of the HSBC Mutual Funds will continue to be offered.
Upon termination, outstanding Advisor Series units will be automatically re-designated into units of the Investor Series of the same HSBC Mutual Fund, or into units of the Premium Series if investors meet the minimum account requirements, says HSBC. Investors may redeem their Advisor Series units or switch their units to another series of the same HSBC Mutual Fund until Oct. 23.
