HSBC launches Brazil ETF

HSBC has launched an ETF tracking the Brazilian stock market.

MSCI Brazil ETF offers a TER of 0.6% and is the first of series of emerging markets ETFs planned by HSBC. The new ETF is designed to replicate the performance of the MSCI Brazil Index, which is made up of the largest listed companies in Brazil. As with all HSBC ETFs launched to date, it will use physical replication in tracking its index. Domiciled in Ireland, the ETF will initially be listed on the London Stock Exchange with further registrations and cross-listings in Europe planned over the coming months. HSBC head of ETFS Farley Thomas says: "Our customers expect us to offer ...