HSBC unveils Europe and US ETFs

The HSBC MSCI USA ETF physically replicates the underlying MSCI index by investing in its constituent stocks. The total return, free float adjusted index measures the performance of large and mid-cap US equity markets and reinvests dividends. The Ucits-compliant fund is denominated in US dollars and has a total expense ratio of 0.30%. The HSBC MSCI Europe ETF also physically replicates the underlying MSCI index and has an expense ratio of 0.30%. Both the funds are listed on the London Stock Exchange. HSBC head of ETFs Farley Thomas says the firm plans to become a major provider ...