The changes are expected to take effect on Dec. 18
Vancouver-based HSBC Global Asset Management (Canada) Ltd. announced on Tuesday it is lowering the risk ratings of five HSBC Pooled Funds.
These changes will be reflected in the funds’ simplified prospectus and Fund Facts that will be filed on or about Dec. 18.
The changes are the result of the new investment risk classification methodology mandated by the Canadian Securities Administrators.
The list of affected funds is available in the firm’s news release.
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