(December 11 – 09:40 ET) – HSBC Investment Funds (Canada) Inc. has launched a new high-tech fund, the HSBC Global Technology Fund.

The new fund will be managed by HSBC Asset Management (Canada) Ltd., relying on the HSBC Global Technology Group, a sector specialist team that focuses on semiconductors, computer hardware, computer software, media and telecommunications.

The HSBC Global Technology Group comprises technology analysts from various HSBC Asset Management offices around the world, led by Vancouver-based portfolio manager Steve MacInnes.

“The real strength of this mutual fund lies in the fact that our sector specialist analysts are based in the same geographic areas as top technology companies,” says MacInnes.

“This offers a significant competitive advantage because our analysts can identify potential opportunities for our fund almost immediately. With technological innovation fueling the creation of new wealth, investors in this fund will benefit from our expertise in finding and investing in leading technology companies throughout the world.”

HSBC Asset Management (Canada) had assets under management of $4.7 billion at September 30.
-IE Staff