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

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%.


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

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