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What's New In Investments, Funds? - HSBC, JP Morgan AM

Editorial Staff, 3 May 2019

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The latest in funds and investments in Europe, the Middle East and Africa.

HSBC
HSBC Global Asset Management, part of HSBC, has launched an exchange-traded fund that tracks performance of Saudi Arabian investments.

The group has rolled out the HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF, which has started trading on the London Stock Exchange. Further listings are planned across Europe.

HSBC said it made the move after the market benchmarking organisation MSCI decided to include Saudi Arabia in its emerging markets index, in a two-step process taking place in May and August 2019. The HSBC MSCI Saudi Arabia 20/35 Capped UCITS ETF is on its way to win such exposure. The exchange-traded fund mimics performance of the MSCI Saudi Arabia 20/35 Capped Index, which tracks the Saudi Arabia shares included in the MSCI Emerging Markets Index.  

The ETF carries charges of 0.5 per cent; the fund captures about 85 per cent of freely floating Saudi equities in one hit. Dividends will be paid quarterly to investors.

“Saudi Arabia is a market that is increasingly relevant to global investors as it makes further progress in its evolution to becoming an international capital markets hub,” Olga De Tapia, head of EMEA ETFs Sales at HSBC Global Asset Management, said.

JP Morgan Asset Management
JP Morgan Asset Management has launched a set of exchange-traded funds giving exposure to euro- and dollar-denominated bonds issued by the US and eurozone governments across different maturities.

The firm has widened its Fixed Income BetaBuilders capabilities, rolling out JPM BetaBuilders US Treasury Bond UCITS ETF and JPM BetaBuilders EUR Govt Bond UCITS ETF. Both ETFs are available on the London Stock Exchange, Deutsche Boerse Xetra, Borsa Italiana and SIX Swiss Exchange.

The exchange-traded funds carry a total expense ratio of 10 basis points each.

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