HSBC opens Latin American ETFs to Europe

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HSBC has expanded its exchange-traded fund range further with the opening of two ETFs tracking Latin American equities. The move follows the launch of a Brazil ETF last year, and a Canadian ETF last month.

The HSBC MSCI EM Latin America ETF aims to replicate the performance of the MSCI EM Latin America Net Total Return Index. It began taking investments on 11 March 2011.

The HSBC MSCI Mexico Capped ETF meanwhile aims to replicate the MSCI Mexico Capped Net Total Return Index, and opened to investors from 4 March.

Both funds are listed on the London Stock Exchange in sterling and US dollar trading currencies, and carry a total expense ratio of 0.60%.

Both the Latin funds aim to invest in securities in the same proportions as the relevant index, but the HSBC MSCI EM Latin America ETF may not take exposure to all listed securities. It will use a technique called “optimisation” to replicate index performance.

Growing appetite for the asset class

Investors can find further information, including a Simplified Prospectus, on HSBC’s ETF website.

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