RL360 Fund Closure - HSBC Amanah Asia Pacific

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Fund Closure - HSBC Amanah Asia Pacific ex Japan Equity & Amanah Europe Equity

The Board of Directors of HSBC Amanah have decided to close their HSBC Amanah Asia Pacific ex Japan Equity and Amanah Europe Equity funds on the 27 August 2012.

Impacts on
these products

The reason for the closure is that the assets under administration have not grown sufficiently enough, and are unlikely to in the future, to make either fund viable over the long term and therefore in the best interests of investors to liquidate the fund. Subscriptions and conversions into the Fund will be frozen from 24 July 2012, 5.00 p.m. Luxembourg time. Shareholders have until the 27 August 2012, 5.00 p.m. Luxembourg time to redeem holdings. 


A client communication has been issued to any Quantum, Paragon and Oracle policyholders affected by the closures, with a copy to their servicing financial adviser. Policyholders are requested to supply an alternative fund choice by 17 August 2012 to allow us sufficient time to redeem units prior to the closure. Samples letters can be viewed opposite.