HSBC Global Asset Management has added a UK equity ETF to its low carbon ESG range.
The HSBC UK Sustainable Equity UCITS ETF (HSUK) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.12%.
HSUK tracks the FTSE UK ESG Low Carbon Select index which targets a 20% ESG improvement, a 50% carbon emissions reduction and a 50% fossil fuel reserves cut relative to the parent index.
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The seven-strong range, which was initially launched in June, also offers exposure to global, European, Japanese, US, emerging markets and Asia-Pacific ex-Japan equities.
Olga De Tapia (pictured), global head of ETF sales at HSBC GAM, commented: “As the latest addition to our sustainable equity ETF range, it will enable investors to tap into UK companies that are transitioning to a more sustainable future.”
