HSBC closing climate change fund

By Staff | June 6, 2011 | Last updated on June 6, 2011
1 min read

HSBC Global Asset Management (Canada) Limited has announced that it will close and wind up the HSBC Global Climate Change Fund on or around 19 August 2011. Effectively immediately, new investments into the fund will no longer be accepted.

The decision to close the fund was based on the small fund size and relatively small number of unitholders.

In accordance with security legislation, notice will be sent to unitholders of the HSBC Global Climate Change Fund no less than 60 days prior to the effective date of the termination.

Advisor.ca staff

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.