HSBC launches HSBC MSCI PACIFIC ex JAPAN ETF
HSBC continues to expand its exchange traded fund (ETF) range with the launch of the HSBC MSCI PACIFIC ex JAPAN ETF, which carries a very competitive Total Expense Ratio (TER) of just 0.40%.
This latest ETF from HSBC follows the launch of the HSBC MSCI BRAZIL ETF in July. HSBC now has 10 ETFs in the range and plans to progressively expand the range to offer a complete set of ETFs relevant for the asset allocation needs of most investors.
The HSBC MSCI PACIFIC ex JAPAN ETF will be listed initially on the London Stock Exchange (Bloomberg ticker: HMXJ LN) on 7 September 2010. Further registrations and cross-listings in Europe are planned over the coming months.
The latest ETF from HSBC offers investors exposure to the performance of the MSCI Pacific ex Japan Index, which represents the equity market performance of the developed markets in the Pacific ex Japan region, namely Australia, Hong Kong, New Zealand, and Singapore.
The HSBC MSCI PACIFIC ex JAPAN ETF will aim to invest in the underlying constituents of the index in the same proportions as in the index in order to replicate the performance of the index as closely as possible. This investment approach is referred to as ‘physical replication' and is used by HSBC for all the ETFs it has launched to date.
Farley Thomas, Head of ETFs at HSBC, said: "The addition of the HSBC MSCI PACIFIC ex JAPAN ETF allows us to offer near complete exposure to developed equity markets world-wide through HSBC ETFs. We plan to complement our developed markets ETFs with a strong range of emerging markets equity ETFs as well as products covering other asset classes."
HSBC announced its entry into the European ETF market in August 2009 with the launch of the HSBC FTSE 100 ETF. Since then, HSBC has added ETFs linked to the EURO STOXX® 50, CAC® 40, MSCI Japan, FTSE® 250, S&P® 500, MSCI Europe, MSCI USA and MSCI Brazil indices.
Copies of the HSBC MSCI PACIFIC ex JAPAN 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.