HSBC launches Eurozone Equity ETF

Listed on the London Stock Exchange, and domiciled in Ireland, the new ETF is designed to replicate the performance of the Dow Jones EURO STOXX 50 Index (total return) covering the 50 largest companies in the Eurozone. The total expense ratio (TER) of the fund is up to 0.15%.

In August, HSBC announced its entry into the European ETF market with the launch of the HSBC FTSE 100 ETF. It plans to progressively build a comprehensive range of ETFs over the next two years, covering the main asset classes and both developed and emerging market indices.

Christophe Chazot, Co-Head of Global Equities at HSBC Global Markets, said: "HSBC is intent on being among the leading ETF providers within three years by joining up our asset management, sales, trading and securities services capabilities. In addition to building our ETF business in Europe, we plan to expand internationally, starting with Asia. We see ETFs having an important role within the broad continuum of market access products that HSBC can bring to investors."

Farley Thomas, Global Head of Wholesale at HSBC Global Asset Management, said: "The ETF market is growing very fast due to investors' demand for simple, transparent and flexible products that are very attractively priced. To meet this demand, we are prioritising the launch of HSBC ETFs tracking mainstream indices such as the Dow Jones EURO STOXX 50 Index, which is by far the most popular index in the European ETF industry."

Copies of the HSBC DJ EUROSTOXX 50 ETF Supplement will shortly be available for inspection at the Document Viewing Facility of the UK Listing Authority and will also be available on the Company's website at etfs.hsbc.com, where the Simplified Prospectus will also be available.