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
Effective
April 1, 2024, RBC Indigo Strategic
Funds will be closed to new investors. Existing investors will
continue to be able to add to their existing holdings.
Premium Series and Premium T Series of RBC Indigo Mutual
Funds (formerly known as HSBC Mutual Funds) closed to new
investors
Effective July 31,
2024, Premium Series and Premium T Series units of RBC
Indigo Funds will be closed to new investors. Existing investors
will continue to be able to add to their existing holdings.
Furthermore, the Automatic Switch Program, pursuant to which
Investor Series and Investor T Series units may
be automatically reclassified to Premium Series and Premium T
Series of the same Fund, respectively, depending on the market
value of an investor's units on the last business day of every
month, will discontinue effective August 1,
2024.
Fund name changes
Effective March 29, 2024, the Funds are renamed as
follows:
Current
Name
|
New
Name
|
HSBC Mutual
Funds
|
RBC Indigo Mutual
Funds
|
HSBC Canadian Money
Market Fund
|
RBC Indigo Canadian
Money Market Fund
|
HSBC U.S. Dollar Money
Market Fund
|
RBC Indigo U.S. Dollar
Money Market Fund
|
HSBC Mortgage
Fund
|
RBC Indigo Mortgage
Fund
|
HSBC Canadian Short/Mid
Bond Fund
|
RBC Indigo Canadian
Short/Mid Bond Fund
|
HSBC Canadian Bond
Fund
|
RBC Indigo Canadian
Bond Fund
|
HSBC Global Corporate
Bond Fund
|
RBC Indigo Global
Corporate Bond Fund
|
HSBC Emerging Markets
Debt Fund
|
RBC Indigo Emerging
Markets Debt Fund
|
HSBC Monthly Income
Fund
|
RBC Indigo Monthly
Income Fund
|
HSBC U.S. Dollar
Monthly Income Fund
|
RBC Indigo U.S. Dollar
Monthly Income Fund
|
HSBC Canadian Balanced
Fund
|
RBC Indigo Canadian
Balanced Fund
|
HSBC Dividend
Fund
|
RBC Indigo Dividend
Fund
|
HSBC Equity
Fund
|
RBC Indigo Equity
Fund
|
HSBC Small Cap Growth
Fund
|
RBC Indigo Small Cap
Growth Fund
|
HSBC Global Equity
Fund
|
RBC Indigo Global
Equity Fund
|
HSBC Global Equity
Volatility Focused Fund
|
RBC Indigo Global
Equity Volatility Focused Fund
|
HSBC U.S. Equity
Fund
|
RBC Indigo U.S. Equity
Fund
|
HSBC European
Fund
|
RBC Indigo European
Fund
|
HSBC AsiaPacific
Fund
|
RBC Indigo AsiaPacific
Fund
|
HSBC Chinese Equity
Fund
|
RBC Indigo Chinese
Equity Fund
|
HSBC Indian Equity
Fund
|
RBC Indigo Indian
Equity Fund
|
HSBC Emerging Markets
Fund
|
RBC Indigo Emerging
Markets Fund
|
HSBC Emerging Markets
Fund II
|
RBC Indigo Emerging
Markets Fund II
|
HSBC U.S. Equity Index
Fund
|
RBC Indigo U.S. Equity
Index Fund
|
HSBC International
Equity Index Fund
|
RBC Indigo
International Equity Index Fund
|
HSBC Emerging Markets
Equity Index Fund
|
RBC Indigo Emerging
Markets Equity Index Fund
|
HSBC World
Selection® Diversified Funds
|
RBC Indigo
Diversified Funds
|
HSBC World Selection
Diversified Conservative Fund
|
RBC Indigo Diversified
Conservative Fund
|
HSBC World Selection
Diversified Moderate Conservative Fund
|
RBC Indigo Diversified
Moderate Conservative Fund
|
HSBC World Selection
Diversified Balanced Fund
|
RBC Indigo Diversified
Balanced Fund
|
HSBC World Selection
Diversified Growth Fund
|
RBC Indigo Diversified
Growth Fund
|
HSBC World Selection
Diversified Aggressive Growth Fund
|
RBC Indigo Diversified
Aggressive Growth Fund
|
HSBC Wealth CompassTM Funds
|
RBC Indigo Strategic
Funds
|
HSBC Wealth Compass
Conservative Fund
|
RBC Indigo Strategic
Conservative Fund
|
HSBC Wealth Compass
Moderate Conservative Fund
|
RBC Indigo Strategic
Moderate Conservative Fund
|
HSBC Wealth Compass
Balanced Fund
|
RBC Indigo Strategic
Balanced Fund
|
HSBC Wealth Compass
Growth Fund
|
RBC Indigo Strategic
Growth Fund
|
HSBC Wealth Compass
Aggressive Growth Fund
|
RBC Indigo Strategic
Aggressive Growth Fund
|
HSBC Pooled
Funds
|
RBC Indigo Pooled
Funds
|
HSBC Canadian Money
Market Pooled Fund
|
RBC Indigo Canadian
Money Market Pooled Fund
|
HSBC Mortgage Pooled
Fund
|
RBC Indigo Mortgage
Pooled Fund
|
HSBC Canadian Bond
Pooled Fund
|
RBC Indigo Canadian
Bond Pooled Fund
|
HSBC Global High Yield
Bond Pooled Fund
|
RBC Indigo Global High
Yield Bond Pooled Fund
|
HSBC Global Inflation
Linked Bond Pooled Fund
|
RBC Indigo Global
Inflation Linked Bond Pooled Fund
|
HSBC Emerging Markets
Debt Pooled Fund
|
RBC Indigo Emerging
Markets Debt Pooled Fund
|
HSBC Canadian Dividend
Pooled Fund
|
RBC Indigo Canadian
Dividend Pooled Fund
|
HSBC Canadian Equity
Pooled Fund
|
RBC Indigo Canadian
Equity Pooled Fund
|
HSBC Canadian Small Cap
Equity Pooled Fund
|
RBC Indigo Canadian
Small Cap Equity Pooled Fund
|
HSBC U.S. Equity Pooled
Fund
|
RBC Indigo U.S. Equity
Pooled Fund
|
HSBC International
Equity Pooled Fund
|
RBC Indigo
International Equity Pooled Fund
|
HSBC Emerging Markets
Pooled Fund
|
RBC Indigo Emerging
Markets Pooled Fund
|
HSBC Global Real Estate
Equity Pooled Fund
|
RBC Indigo Global Real
Estate Equity Pooled Fund
|
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.