HSBC Asset Management launches semiconductor ETF

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HSBC Asset Management has launched an ETF offering investors access to the 80 largest semiconductor companies globally.

HSBC Nasdaq Global Semiconductor UCITS ETF is designed to replicate the performance of the Nasdaq Global Semiconductor Index and will include companies that supply semiconductors to the automotive, wireless communications, computing and consumer sectors. According to HSBC AM, the ETF will invest in the constituents of the index, "largely in the same proportions" in which they are included. HSBC AM combines passive products into one department Olga de Tapia, global head of ETF and indexing sales at HSBC AM, said: "Semiconductors are key for the future of many technology-based industr...