BSX approves listing of HSBC Canada dollar fund
Created: Feb 05, 2009 10:00 AM
HSBC Corporate Money Funds Ltd. has listed its Canadian Dollar Fund class A and B shares on the Bermuda Stock Exchange (BSX).
The listing was approved by the BSX's listing committee.
The HSBC Corporate Money Fund, which is incorporated in Bermuda, aims to provide investors with a high level of current income, while preserving capital and liquidity.
The fund's investment manager is HSBC Global Asset Management (Bermuda) Ltd., a wholly-owned subsidiary of the Bank of Bermuda, with the share listing sponsored by Bermuda International Securities Ltd.
The Corporate Money Fund A and B classes aim to achieve a competitive return compared with bank deposits, while maintaining security by investing in a managed portfolio of money market instruments.