HSBC Asset Management (HSBC AM) has launched the new HSBC S&P India Tech UCITS ETF on the London Stock Exchange
Olga de Tapia, Global Head of ETF & Indexing Sales, HSBC Asset Management
The new ETF expands the thematic investment range, giving investors access to leading companies operating in technology related businesses from the Indian market.
Olga De Tapia, Global Head of ETF Sales at HSBC Asset Management comments:
“We are very excited to announce the launch of the HSBC India Tech ETF as it provides investors with a means of gaining exposure to the rapidly evolving technology space within India. As old world meets new world, what was once a technology landscape dominated by SAAS companies is now fast becoming a hot bed of new world technology themes.”
Ari Rajendra, Head of Thematic Indices at S&P Dow Jones Indices, comments:
“S&P Dow Jones Indices is pleased to collaborate with HSBC Asset management on licensing their new fund to track the S&P India Tech Index. The index is designed to measure performance of companies leading the digital transformation alongside the established technology players in the market.”
HSBC S&P India Tech UCITS ETF
The new era of digitalisation in India
India offers appealing investment opportunities, especially within the technology sector. Given the large pool of skilled IT professionals and increasing digital adoption within its vast tech-savvy population, the market is set for continued growth.
India’s government has launched initiatives such as ‘Digital India’ to promote digitalisation, ‘Make in India’ to promote domestic manufacturing and ‘India Stack’ to provide digital infrastructure that can be universally accessed and utilised.
Old and new world tech thematic exposure
The Fund tracks the S&P India Tech Index which uses an alternative company classification known as Revere Business Industry Classifications (RBICS) to identify companies associated with the “Technology” theme. This provides investors exposure to an index that is broadly focused on Indian companies that are Technology focused but may have been excluded by the traditional GICS or ICB classification systems – capturing a range of old and new world tech companies operating across industries.
| Product Name | HSBC S&P INDIA TECH UCITS ETF EUR (ACC) |
| ISIN | IE0008119MO8 |
| SEDOL | BQHNDK4 |
| Trading Currency | GBP |
| Underlying | S&P India Tech Index (EUR) (Net Total Return) |
| Management Fee | 0.65% |
| Product Name | HSBC S&P INDIA TECH UCITS ETF EUR (ACC) |
| ISIN | IE0008119MO8 |
| SEDOL | BSHRFX7 |
| Trading Currency | USD |
| Underlying | S&P India Tech Index (EUR) (Net Total Return) |
| Management Fee | 0.65% |
Source: ETFWorld.co.uk
Subscribe to Our Newsletter
