LONDON: The Board of Directors of HSBC ETFs plc announced the launch of a new nulti-currency (USD/GBP) sub fund: HSBC EMERGING MARKET SUSTAINABLE EQUITY UCITS ETF.
The investment objective of HSBC Emerging Market Sustainable Equity UCITS ETF is to replicate the performance of the FTSE Emerging ESG Low Carbon Select Index, while minimising as far as possible the tracking error between the Fund’s performance and that of the Index.
The admission of the Sub-Fund’s class of shares to the Official List and to trading on the London Stock Exchange’s main market for listed securities will become effective, and dealings will commence today, 28 August 2020.
HSBC ETFs Plc is an investment company with variable capital incorporated in Ireland as a public limited company and is authorised by the Central Bank of Ireland as a UCITS pursuant to the UCITS Regulations. The Company is constituted as an umbrella fund, with segregated liability between sub-funds.
The Company is recognised in the United Kingdom by the Financial Conduct Authority under section 264 of the Act.
HSBC Global Asset Management, the investment management business of the HSBC Group, invests on behalf of HSBC’s worldwide customer base of retail and private clients, intermediaries, corporates and institutions through both segregated accounts and pooled funds. HSBC Global Asset Management connects HSBC’s clients with investment opportunities around the world through an international network of offices in 25 countries and territories, delivering global capabilities with local market insight.
As at 30 June 2020, HSBC Global Asset Management managed assets totalling US$525bn on behalf of its clients. www.global.assetmanagement.hsbc.com