HSBC has launched a Ucits exchange-traded fund (ETF) which is physically replicating the performance of large and mid cap companies across both emerging and developed Asia.
The underlying index, the MSCI AC Far East ex Japan, is market-cap weighted.
Domiciled in Ireland, the HSBC MSCI AC Far East ex Japan Ucits ETF has been listed on the London Stock Exchange and Deutsche Börse.
HSBC says it also plans to register it in the UK, France, Germany, Ireland, Netherlands, Spain, Sweden and Austria.
Meanwhile, HSBC is expanding its range of ETFs available in Germany by listing a further 15 emerging and developed market ETFs on the Deutsche Börse.
Phil Reid, head of Europe, Middle East and Africa ETF distribution at HSBC Global Asset Management, says the index provides diversified exposure to the potential growth areas of China – through Hong Kong – Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand.
The ETF has a total expense ratio of 0.60%.
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