HSBC Asset Management announces the launch of the HSBC Nasdaq Global Semiconductor UCITS ETF, with the first day of trading on the London Stock Exchange today and further listings expected in Europe in the coming weeks.
Olga de Tapia, Global Head of ETF & Indexing Sales, HSBC AM
The fund aims to replicate the performance of the Nasdaq Global Semiconductor Index, which is comprised of the 80 largest global semiconductor companies. This will include companies that supply semiconductors to the automotive, wireless communications, computing and consumer sectors. It will invest in the constituents of the index largely in the same proportions in which they are included.
Olga de Tapia, Global Head of ETF & Indexing Sales, HSBC AM, commented: “Semiconductors are key for the future of many technology-based industries and are also expected to play an important role in the transition to net-zero through enabling clean technologies.
“We feel that this addition to our tech thematic product suite captures a long running secular trend which sits at the heart of the digital revolution”
Cameron Lilja, Vice President, Head of Index Research & Development, Nasdaq added: “Semiconductors are essential to many aspects of modern society with increasing importance for rapidly evolving technologies. Leveraging our rules-based and transparent indexes, we are pleased to partner with HSBC AM, bringing investment products that enable investors to gain meaningful exposure to these pioneering companies who are reshaping the world economy.”
In December 2021, following the strong growth of the firm’s ETF, index and systematic fund range, HSBC AM brought together all of its passive funds, mandates and solutions under a single umbrella, ETF & Indexing. The growth has been accelerated by the launch of new strategies responding to increasing investor demand for specific solutions, including sustainable fixed income ETFs, Europe’s first ETF to track the Hang Seng Tech index and a range of sustainable and Paris aligned equity ETFs.
| Fund name | ISIN | Stock exchange | Benchmark | Total expense ratio (TER) |
| HSBC Nasdaq Global Semiconductor UCITS ETF | IE000YDZG487 | LSE | NASDAQ Global Semiconductors Index | 0.35% |
Source: ETFWorld.co.uk
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