HSBC AM lists the HSBC Sustainable Development Bank Bonds UCITS ETF on the LSE

HSBC Global Funds ICAV – Sustainable Development Bank Bonds UCITS ETF

The Fund aims to provide regular income and capital growth by tracking as closely as possible the performance of the FTSE World Broad Investment-Grade USD Multilateral Development Bank Bond Capped (the Index). The Fund is classified under Article 9 of SFDR.

Investment policy

The Fund achieves its sustainable investment objective by tracking the Index which has a methodology aligned with that sustainable objective and so the Index has been designated as the Fund’s reference benchmark for the purpose of attaining that sustainable objective. The Fund will invest in bonds issued by select multilateral development banks the proceeds of which financially support sustainable economic development in developing countries. The Index includes issuers with a minimum credit quality of BBB- by S&P or Baa3 by Moody’s. The market weight of the issuers is capped at 25%. The Index applies controversial conduct exclusions based on United Nations Global Compact (UNGC) Principles to the multilateral development bank bonds and invests up to 35% in bonds issued by the multilateral development banks. The Fund is passively managed and utilises an investment technique called optimisation. The Fund may invest in cash and money market instruments, and up to 10% of its assets in other funds.