Euromoney Indices launches new sub index
Euromoney Indices has announced the launch of the HSBC Economic Scale Index World ex Canada & USA, which is part of the HSBC Economic Scale Indices and its master index, the HSBC ESI Worldwide.
The new sub index has over 960 constituents providing a broad exposure to a universe of equities with a proprietary liquidity filter. It is denominated in US and Canadian dollar.
The HSBC ESI Worldwide is replicated by the HSBC ESI Worldwide Equity UCITS ETF, which is listed on the London Stock Exchange and domiciled in Dublin.
Sui Chung, managing director of Euromoney Indices,comments on the launch of the sub index: “We have extended the relationship that we have with HSBC Global Asset Management and continue to work closely with them to develop tailored solutions to suit their requirements and those of their investors. The new sub index and currency denomintations illustrate the flexibility and customisation that we are able to provide to ensure that our clients’ product offerings fully reflect the needs of their end investors.”