HSBC has further expanded its range of physical ETFs in Asia with the launch of HSBC MSCI AC Far East Ex Japan UCITS ETF (HMAD) on the London Stock Exchange and Deutsche Börse.
The new ETF offers full physical (optimised) replication and a total expense ratio (TER) of 0.60%.
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The new ETF tracks the MSCI AC Far East Ex Japan Index, a market cap weighted index that tracks the performance of large and mid cap companies across both emerging and developed Asia.
The ETF will be available in sterling, euros and US dollars.
The physically-backed product will be domiciled in Ireland and registered in several European countries including the UK, France, Germany, Ireland, Netherlands, Spain, Sweden and Austria.
Phil Reid, head of EMEA ETF distribution at HSBC Global Asset Management said: "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.
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By GlobalData"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," Reid added.
Also, HSBC is expanding its range of German ETFs by listing 15 more emerging and developed ETFs on the Deutsche Börse.
