hsbc launches far east etf in europe

HSBC has launched a new Ireland-domiciled ETF which will track the performance of large and mid-cap companies in both emerging and developed Asia.

hsbc launches far east etf in europe


The HSBC MSCI AC Far East Ex Japan UCITS ETF has a total expense ratio 0.60% and will be listed on the London Stock Exchange as well as the Deutsche Borse exchange.

The new ETF will be registered in several European countries, including UK, France, Germany, Ireland, Netherlands, Spain, Sweden and Austria.

Existing ETFS with exposure to Asia which the bank offers include HSBC MSCI Pacific Ex Japan UCITS ETF, HSBC MSCI EM Far East.

Phil Reid, head of EMEA ETF distribution at HSBC Global Asset Management said that the fund would be an important index providing diversified exposure to the potential growth areas of China (as accessible by the Hong Kong market), Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.

He added: “HSBC already offers physical exposure to the Asian markets through other ETFs in its range. This recent launch meets client demand and further expands the available choice for investors seeking exposure to these important markets.”

Meanwhile, HSBC is expanding its range of ETFs available in Germany by listing a further 15 emerging and developed market ETFs on the Deutsche Borse.

HSBC Global Asset Management manages assets totalling US$409bn on behalf of its clients.



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