New HSBC ETF on Xetra: Access to companies from Saudi Arabia
New HSBC ETF on Xetra: Access to companies from Saudi Arabia
A new Exchange Traded Fund from HSBC Global Asset Management has been tradable on Xetra and Börse Frankfurt since Wednesday.
The HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF enables investors to participate in the performance of the 30 largest companies in Saudi Arabia.
The weighting of the largest group unit in the benchmark index is limited to 35 per cent and that of all other units to a maximum of 20 per cent. With 30 components, the ETF covers around 85 per cent of the free float-adjusted market capitalisation in Saudi Arabia.
Name | Asset class | ISIN | Ongoing charges | Distribution policy | Reference index |
HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF | Equity ETF | DE000A2PMZG1 | 0.5 per cent | Distributing | MSCI Saudi Arabia 20/35 Capped Index |
The product range in Deutsche Börse's XTF segment currently comprises a total of 1,475 ETFs. With this selection and an average monthly trading volume of around EUR 11 billion, Xetra is the leading trading platform for ETFs in Europe.