HSBC Global Asset Management (HSBC GAM) has reduced the fees across eight single-country emerging market ETFs.
The eight ETFs have seen their total expense ratios (TERs) reduced by 10 basis points (bps) to 0.50%.
The ETFs are:
- HSBC MSCI Brazil UCITS ETF (HBRL)
- HSBC MSCI Indonesia UCITS ETF (HIDR)
- HSBC MSCI Korea Capped UCITS ETF (HKOR)
- HSBC MSCI Malaysia UCITS ETF (HMYR)
- HSBC MSCI Mexico Capped UCITS ETF (HMEX)
- HSBC MSCI Russia Capped UCITS ETF (HRUB)
- HSBC MSCI Taiwan Capped UCITS ETF (HTWD)
- HSBC MSCI Turkey UCITS ETF (HTRY)
They currently have $313.7m assets under management (AUM), the largest being HRUB with $116m and the smallest HMYR with $4.2m.
Commenting on the fee cut, Olga de Tapia (pictured), global head of ETF sales at HSBC GAM, said: “The macroeconomic conditions are in place for emerging markets to thrive and emerging market country indices have come back into fashion in recent months for good reason.
“We have reduced the TER of several of our single-country emerging market ETFs by 10bps to offer investors quick and easy exposure to these strategic investments.”
Franklin Templeton currently offers exposure to the cheapest single country ETFs on the market going as low as 0.09% for the $752m Franklin FTSE Korea UCITS ETF (FLRK).
Lyxor’s range is slightly more competitive than HSBC GAM’s by offering exposure to Korea, Malaysia, Taiwan and Turkey for 0.45% while its Russia and Brazil ETFs are more expensive at 0.65%.
DWS and BlackRock’s single country ETF ranges are also more expensive than HSBC GAM’s suite.
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