HSBC AM expands thematic range with India tech ETF

Tracks S&P India Tech index

HSBC Asset Management has expanded its thematic technology line-up with an India tech UCITS ETF, tracking the S&P India Tech index.

The HSBC S&P India Tech UCITS ETF will have exposure to companies with a market cap of at least $300m that generate at least 80% of their revenue from digital technology, communication, and software related businesses, as classified by FactSet's Revere Business Industry Classification System. HSBC AM said it was a "more diversified index than solely IT companies" as its revenue-based approach also captures technology-oriented companies from various sectors. HANetf to launch India internet and e-commerce ETF "In our view, India is fast becoming a hot bed of new world technology sect...