Alternative Investments/ESG: HSBC Launches Europe ex UK Sustainable Equity Ucits ETF

https://dailyalts.com/wp-content/uploads/2022/04/vietnam-gf3023d9c4_640.jpg

The HSBC Europe ex UK Sustainable Equity UCITS ETF (HSXU) listed on the London Stock Exchange.

HSBC Asset Management has introduced a Europe ex UK Sustainable Equity Ucits ETF, classified as an Article 8 product under the EU’s Sustainable Finance Disclosure Regulation (SFDR). The HSBC Europe ex UK Sustainable Equity UCITS ETF expands its sustainable range after the recent launches of the firm’s Paris Aligned Benchmark and fixed income sustainable ranges. (Funds-Europe)

Earlier this month, the asset manager launched its MSCI Emerging Climate Paris Aligned UCITS ETF (HPEM) and the Asia Pacific ex-Japan Climate Paris Aligned UCITS ETF (HPAX).

HSBC Europe ex UK Sustainable Equity UCITS ETF

The new ETF tracks the FTSE Developed Europe ex UK ESG Low Carbon Select Index. The fund is targeting an ESG improvement score of up to 20%, a carbon emission reduction of up to 50% and a fossil fuel reserve reduction of up to 50% compared to this index.

The ETF is classified as Article 8 under the Sustainable Finance Disclosure Regulation (SFDR) and will be rebalanced quarterly.

It will have a total expense ratio of 0.15%.

Fundspeak

Olga de Tapia, global head of ETF & indexing sales at the firm said: “Our priority is to provide our clients with a viable means of improving the social, governance and environmental impact of their portfolios.”

“This new ETF adds to our suite of sustainable passive building blocks and provides investors and asset allocators with greater opportunities to support the transition to more sustainable investing.”

Related Story: HSBC Launches Two ESG Corporate Bond ETFs

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2022/05/Michael-Saylor_HQ-2-scaled.jpg
Digital Assets: Michael Saylor Unmoved By Crypto Weakness; “We Think It’s The Future Of Money”
May 20, 2022     Digital Assets, News

Michael Saylor, CEO of MicroStrategy (NASDAQ: MSTR), who is permanently bullish on bitcoin, reiterated his positive outlook for the leading crypto in an interview on Thursday. Note that MicroStrategy currently…

https://dailyalts.com/wp-content/uploads/2022/05/bacteria-g0d4c93622_640-overlay.png
Digital Assets: Traditional Markets Could Suffer Contagion From (Un)Stablecoins (SEC Chair Gensler)
May 20, 2022     Digital Assets, News

The crypto world was dealt a body blow by the collapse of the TerraUSD (UST) stablecoin earlier this month. The Terra meltdown is now being referred as crypto’s “Lehman moment.”…

https://dailyalts.com/wp-content/uploads/2022/05/xendit-unit-combined.jpg
Venture Capital: Big-Ticket Funding Rounds In Fintechs
May 20, 2022     FinTech, News, Venture Capital

Fast-growing, Southeast Asia-focused payments infrastructure platform Xendit closed on a US$300 million Series D funding co-led by Coatue and Insight Partners with additional investment from Accel, Tiger Global, Kleiner Perkins,…

https://dailyalts.com/wp-content/uploads/2022/05/Hero_image_with_QR_code.jpg
FinTech: Sam Bankman-Fried Led FTX.US Makes Inroads Into Stock Trading
May 20, 2022     Digital Assets, FinTech, Latest News, News

FTX Stocks is an equity trading platform offered through the FTX US trading application. FTX US announced Thursday a private beta phase trading on the platform for US customers selected…