HSBC enters Europe with ETF range

The bank has unveiled an ETF tracking the Cac 40 on NYSE Euronext, and has cross-listed the HSBC FTSE 100 and HSBC DJ Euro Stoxx 50 ETFs, which were initially launched on the London Stock Exchange. HSBC says it plans to launch 30 ETFs in 2010 that will be registered for sale in several European countries and will be available on additional local exchanges. The bank says many of its funds released next year will be linked to emerging market indices, as part of its strong emerging markets focus. HSBC also plans to expand the range of ETFs it offers in Asia. HSBC Global Asset Manageme...