HSBC has launched an emerging markets ETF, claiming a highly competitive total expense ratio.
The HSBC MSCI Emerging Markets ETF aims to offer investors the total return performance of the MSCI Emerging Markets Index, at the same time as minimising as far as possible the tracking error between the fund’s performance and that of the index.
Farley Thomas, head of ETFs at HSBC, said: “MSCI Emerging Markets is an iconic index for tracking emerging markets worldwide, making this latest launch an important milestone in the expansion of HSBC’s ETF offering in Europe.”
Thomas maintains HSBC’s new offering represents extremely good value, as well as physical exposure to the total-return performance of the index net of fees.
©2011 funds europe
