LONDON: HSBC ETFs plc has announced the launch of GBP denominated HSBC UK Sustainable Equity UCITS ETF, a news release said.
The investment objective of HSBC UK Sustainable Equity UCITS ETF is to replicate the performance of the FTSE UK 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 Index is a subset of the FTSE UK Index and aims to measure the performance of companies in the United Kingdom as defined by the Index Provider.
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, 9 October 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.
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.
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. HSBC serves customers worldwide from offices in 64 countries and territories in our geographical regions: Europe, Asia, North America, Latin America, and Middle East and North Africa. With assets of US$2,923bn at 30 June 2020, HSBC is one of the world’s largest banking and financial services organisations.
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