First ETF launch in Europe to replicate Russian equities

HSBC has launched the first ETF in Europe to physically replicate Russian equities.

Called the HSCB MSCI Russia Capped ETF, HSBC highlights this latest launch for  carrying what it calls “a highly competitive Total Expense Ratio (TER) of just 0.60%.” The Fund aims to replicate as closely as possible the performance of the MSCI Russia Capped Total Return Net Index. It’s eligible for both ISAs and SIPPs.

Farley Thomas, Head of ETFs at HSBC, said, "By putting together a physical Russian equity ETF, we are responding to investors' concerns with respect to complex ETFs and demonstrating our commitment to delivering products that are as transparent and simple as possible."

The HSBC MSCI Russia Capped ETF is listed on the London Stock Exchange in both sterling and US dollar trading currencies (Bloomberg ticker: HRUB LN for sterling / HRUD LN for US dollar). This is the 10th emerging market ETF launched by HSBC so far this year and further registrations and cross-listings in Europe are planned.
Having started managing ETFs in Hong Kong back in 2003, HSBC Group now has US$7.8bn of assets in ETFs and a 12.9% share of ETF assets in Asia excluding Japan. Two years ago, HSBC entered the European ETF market and now offers a range of developed and emerging market ETFs on major exchanges.

More details on the latest launch available at www.etfs.hsbc.com.