HSBC launches emerging markets ETF on the LSE

By Andrei Skvarsky.

HSBC, Europe’s largest bank, has launched an emerging markets fund onto the London Stock Exchange.

The Irish-domiciled HSBC MSCI Emerging Markets Exchange Trade Fund will replicate the performance of the Morgan Stanley Capital International (MSCI) emerging markets index, which tracks the performance of major companies in countries such as Brazil, Russia, China and India, according to www.fundweb.co.uk, a website run by British magazine Fund Strategy.

The ETF will use physical replication of the index and has a total expense ratio of 0.6%