HSBC Funds is liquidating two money market funds.

According to an SEC filing, the firm will liquidate by January 31 the HSBC New York Tax-Free Money Market Fund and the HSBC Tax-Free Money Market Fund.

On the company website, the New York fund is listed as having just over $312 million of assets as of November 30, 2012, while the Tax-Free money fund had $109 million.

HSBC still manages three other money market funds. 

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