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What's New In Investments, Funds? – HSBC Asset Management
Editorial Staff
25 April 2022
HSBC Asset Management
has launched an exchange-traded fund targeting sustainable investments.
The entity, which is called the HSBC Europe ex UK Sustainable Equity UCITS ETF, is listed on the London Stock Exchange.
The fund aims to achieve an ESG score improvement of up to 20 per cent, a carbon emission intensity reduction target of up to 50 per cent, and a fossil fuel reserve reduction target of up to 50 per cent relative to the parent index. The fund will be rebalanced each month.