HSBC GAM cuts fees on six ETFs as price war continues

Lowest TER now 5bps

HSBC Global Asset Management has significantly reduced management fees on six exchange-traded funds, marking the latest move in the tracker price war, Investment Week can reveal.

The fee reduction comes into effect immediately, with the lowest total expense ratio (TER) dropping to 0.05% on the HSBC Euro Stoxx 50 UCITS ETF. The biggest price drop is on the HSBC FTSE 100 product, which has seen its TER drop from 0.35% to 0.07%, while the MSCI World ETF has seen fees drop from 0.35% to 0.15%. The group has also reduced the TER on the Japan ETF from 0.4% to 0.19%, the MSCI Europe ETF from 0.3% to 0.2%, and the MSCI Emerging Markets ETF from 0.6% to 0.4%. The latest fee cut follows the reduction of ongoing charges across three of HSBC's most popular index tracke...