HSBC GAM to launch Far East ex-Japan ETF

HSBC Global Asset Management (GAM) is to launch a Far East ex-Japan ETF with a total expense ratio (TER) of 0.6%.

The HSBC MSCI AC Far East ex-Japan ETF will replicate the performance of the corresponding MSCI index, which tracks large and mid-cap companies across both developed and emerging Asia. The physically-backed product, which launches tomorrow, will be domiciled in Ireland and listed on the London Stock Exchange as well as the Deutsche Börse exchange. It will be registered in several European countries including the UK, France, Germany, Ireland, Netherlands, Spain, Sweden and Austria. "The MSCI AC Far East ex-Japan index is an important index providing diversified exposure to the pote...