New HSBC ETF on Xetra: 30 largest technology companies from the Greater China region for the first time
New HSBC ETF on Xetra: 30 largest technology companies from the Greater China region for the first time
A new exchange-traded fund issued by HSBC Global Asset Management has been tradable on Xetra and Börse Frankfurt since Monday.
The HSBC Hang Seng TECH UCITS ETF enables investors to invest for the first time in the 30 largest companies from the Greater China region that are primarily active in the technology sector and are listed on the Hong Kong Stock Exchange. Greater China comprises Hong Kong, the People's Republic of China, Macau and Taiwan.
Companies from the industrial, consumer discretionary, healthcare, financial and information technology sectors that generate a significant proportion of their revenue digitally, with internet (including mobile), cloud, fintech or e-commerce are considered.
The weighting is based on market capitalisation, whereby the share of a stock is limited to a maximum of eight per cent.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
HSBC Hang Seng TECH UCITS ETF | Equity ETF | IE00BMWXKN31 | 0.50 per cent | Accumulating | Hang Seng TECH Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,617 ETFs. With this selection and an average monthly trading volume of around €15 billion, Xetra is the leading trading venue for ETFs in Europe.