HSBC to launch emerging market ETFs

HSBC Global Asset Management is to launch a pair of ETFs tracking emerging market indices.

The manager plans an ETF covering China and another tracking Bric (Brazil, Russia, India and China) indices before the end of April. A Japan fund is likely to follow within the first half of the year. The new products are the latest clutch of more than 30 European ETFs HSBC plans to launch by the end of 2010 and follows the launch last year of vehicles covering the FTSE 100, Cac 40 and Dow Jones indices. HSBC believes ETFs are one of the fastest growing areas in the investment management industry and aims to be a leading provider within the next few years. It says the new launches ...