Dear Sirs/Madam,
  

Closure of HSBC Amanah Americas Equity fund

We are communicating a change that affects the HSBC Amanah Americas Equity fund available on our International Wealth Account (IWA) and mirror fund range.

What is happening?
The Board of Directors at HSBC Amanah Investment Funds have made the decision to close the (ZI) HSBC Amanah Americas Equity fund with effect from 7 November 2008 .

Why is this change taking place?
The Board of Directors has made the decision to close this fund in accordance with the Prospectus and Articles of Association of the Company. In order for the fund to operate efficiently, the minimum fund size should be USD 5,000,000 and the net asset value for this fund has been below this amount for several months.

What does it mean?
The fund was added to our IWA fund range in March 2008 and added as a mirror fund in July 2008. To date, there are no clients invested in this fund and there is no pipeline business for this fund.

We will be moving this fund from any investment literature and websites; ZILLIS will be updated at the next available version. We will no longer be providing any performance information on this fund.