View more on these topics

HSBC launches FTSE 250 ETF

HSBC has launched its own FTSE 250 exchange traded fund.

The new fund offers investors exposure to the total return performance of medium-sized companies listed in Britain and representing approximately 10 per cent of British stock market capitalisation.

The group says the fund will replicate the FTSE 250 index by mirroring its performance as far as possible through ownership of the index’s underlying shares.

It will initially be listed on the London Stock Exchange but the group plans to make it available in other European countries in the coming months.

The total expense ratio of the fund is 0.35 per cent.

HSBC head of ETFs Farley Thomas says the mid-cap segment of Britain’s market includes some of the fastest growing listed firms, some of which will be future FTSE 100 constituents.


£100M backing for Virgin Money

Virgin Money has got a £100m capital injection from US billionaire Wilbur Ross to fund expansion of its retail bank. It is expected to bid for Royal Bank of Scotland’s branch network this week.


MM Leader: Injustice of this unfair levy on advisers

The Financial Services Compensation Scheme went even further in its attempts to offend natural justice last week, confirming that intermediaries will pay the full burden of claims relating to Lehman-backed structured product providers.

Is this the endgame for the current mergers & acquisitions boom?

Last year, worldwide mergers and acquisitions (M&A) rose to an unprecedented $4.7tn, according to Thomson Reuters, a 41 per cent increase over 2014. Anthony Forcione, senior equity analyst at Loomis Sayles, an affiliate of Natixis Global Asset Management, looks at what’s been driving this particular wave of mergers. Click here to view full article: Loomis-Sayles


News and expert analysis straight to your inbox

Sign up


    Leave a comment