HSBC Asset Management has launched a sustainable European equity ETF.
The HSBC Europe ex UK Sustainable Equity UCITS ETF aims to achieve an ESG score improvement of up to 20%, a carbon emission intensity reduction target of up to 50%, and a fossil fuel reserve reduction target of up to 50%, relative to the parent index, and is classified as Article 8 under the Sustainable Finance Disclosure Regulation. It tracks the FTSE Developed Europe ex UK ESG Low Carbon Select Index.
Olga de Tapia, global head of ETF and indexing sales, HSBC AM, said: “Our priority is to provide our clients with a viable means of improving the social, governance and environmental impact of their portfolios. This new ETF adds to our suite of sustainable passive building blocks and provides investors and asset allocators with greater opportunities to support the transition to more sustainable investing.”
Fund name ISIN Stock exchange Benchmark Total expense ratio (TER) HSBC Europe ex UK Sustainable Equity UCITS ETF IE00BKY58625 LSE FTSE Developed Europe ex UK ESG Low Carbon Select Index 0.15%