HSBC launches four Asian country ETFS
HSBC announces the launch in Europe of four ETFs offering exposure to the Indonesian, Korean, Malaysian and Taiwanese equity markets.
The HSBC MSCI Korea ETF lists on the London Stock Exchange today, and follows the launch of the HSBC MSCI Indonesia, HSBC MSCI Malaysia and HSBC MSCI Taiwan ETFs, all of which went live on 30 March. All carry a highly competitive Total Expense Ratio (TER) of just 0.60%. Further registrations and cross-listings across Europe are planned.
Farley Thomas, Head of ETFs at HSBC, said: "The launch of these four ETFs is consistent with our aim of offering a high quality range of ETFs tracking the main emerging markets. Investors in Europe have historically had access to Indonesia and Malaysia through swap-based ETFs and there is generally a limited choice available for investors seeking access to all four of these Asian markets. Now we are offering good value, physical ETFs tracking these markets."
As with all HSBC ETFs launched to date, the new ETFs will use ‘physical replication' to track their respective indices and will aim to invest in securities in generally the same proportions as in the relevant index. The new ETFs complement existing Asian equity ETFs from HSBC tracking the MSCI China, MSCI EM Far East, MSCI Pacific ex Japan and MSCI Japan indices.
These latest launches bring the number of ETFs on offer from HSBC in Europe, investing in developed and emerging equity markets worldwide, to 23.
HSBC Global Banking and Markets is the Authorised Participant for all HSBC ETFs. As with all investments, the value and any income from ETFs can go down as well as up, and investors may not get back the amount invested.
Copies of the Supplement relating to each ETF will be available for inspection at the National Storage Mechanism (Hemscott.com/nsm.do) and will also be available on the Company's website at etfs.hsbc.com, where the Simplified Prospectus will also be available.