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HSBC launches first Eurozone equity ETF

HSBC is to launch its first Eurozone equity ETF on October 6.

The fund, which is listed on the London Stock Exchange, is designed to replicate the performance of the Dow Jones Euro Stoxx 50 index, which covers the 50 largest companies in the Eurozone.

The fund, which is domiciled in Ireland, has a total expense ratio of up to 0.15 per cent.

The launch is HSBC’s second since joining the ETF space in August, when the group launched a FTSE 100 ETF.

HSBC global markets co-head of global equities Christophe Chazot says: “HSBC is intent on being among the leading ETF providers within three years by joining up our asset management, sales, trading and securities services capabilities. In addition to building our ETF business in Europe, we plan to expand internationally, starting with Asia. We see ETFs having an important role within the broad continuum of market access products that HSBC can bring to investors.”


Commercial activity

Back in March, I mentioned that I was starting to detect signs of optimism among commercial property fund managers after a torrid couple of years. Don Jordison and Chris Morrogh at Threadneedle had done better than most during the downturn because they had kept a lot of the fund in cash.


State of denial

Denial is a funny old thing. As Mark Twain rightly pointed out, it is not just a river in Egypt. It is something that appears to be prevalent in retail financial services. Explore what denial means and it is little surprise.

Mark Page: why my biggest overweight stock is a discount Spanish retailer

Artemis European Opportunities Fund manager Mark Page is questioned about the merits of investing in Spanish supermarket group, Dia. Dia is a 7,000-store Spanish discount supermarket chain. But with cheaper food prices coming on to the market and an improving Spanish economy, journalist Alexis Xydias questions Mark about its inclusion in the Artemis European Opportunities […]


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