New HSBC ETFs on Xetra: companies in line with the goals of the Paris Climate Agreement
New HSBC ETFs on Xetra: companies in line with the goals of the Paris Climate Agreement
Three new exchange-traded funds issued by HSBC Global Asset Management have been tradable on Xetra and Börse Frankfurt since Tuesday.
The HSBC MSCI USA Climate Paris Aligned UCITS ETF, HSBC MSCI Europe Climate Paris Aligned UCITS ETF and HSBC MSCI World Climate Paris Aligned UCITS ETF enable investors to participate in the performance of large and medium-sized companies that contribute to the decarbonisation of the economy. The selection includes stocks from the USA, industrialised countries in Europe or worldwide.
The goal is to limit global warming to no more than 1.5°C. To achieve this, companies should reduce their carbon emissions by 10 per cent annually and physical risks from extreme weather conditions by at least 50 per cent. Companies that benefit from measures to combat climate change and for which new business opportunities arise as a result are overweighted.
Excluded from the index are companies that are not in line with the principles of the United Nations Global Compact, are involved in serious ESG-related controversies or are active in the areas of thermal coal, nuclear energy, weapons, gambling, tobacco and genetically modified organisms.
Name | Asset class | ISIN | On-going charges | Distribution policy | Reference index |
HSBC MSCI USA Climate Paris Aligned UCITS ETF | Equity ETF | 0.12 per cent | Accumulating | MSCI USA Climate Paris-Aligned Index | |
HSBC MSCI Europe Climate Paris Aligned UCITS ETF | Equity ETF | 0.15 per cent | Accumulating | MSCI Europe Climate Paris-Aligned Index | |
HSBC MSCI World Climate Paris Aligned UCITS ETF | Equity ETF | 0.18 per cent | Accumulating | MSCI World Climate Paris-Aligned Index |
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,691 ETFs. With this selection and an average monthly trading volume of around €17 billion, Xetra is the leading trading venue for ETFs in Europe.