HSBC Global Asset Management (HSBC GAM) has launched an Asia Pacific sustainable equity ETF that excludes Japanese stocks.
The HSBC Asia Pacific ex Japan Sustainable Equity UCITS ETF (HSXD) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.25%.
The launch of HSXD is part of HSBC GAM’s low carbon ETF range which launched in June 2020.
Tracking the FTSE Asia Pacific ex Japan ESG Low Carbon Select Net Tax index, HSXD integrates environmental, social and governance (ESG), carbon emissions and fossil fuel reserves considerations.
The indices aim for a 20% ESG score uplift compared to the parent indices and incorporate a custom exclusion list based on the United Nations Global Compact Principles.
The ETF is available in USD (HSXD) and GBP (HSXJ).
HSBC GAM’s range also includes exposures to European, Japanese and global equities, to name a few.
Carmen Gonzalez-Calatayud, head of ETF capability at HSBC GAM, commented: “Our new Asia-focused sustainable ETF complements our existing range which aims to provide investors with core, sustainable building blocks for their portfolios.
“The launch underpins our commitment to connecting investors with global opportunities and supporting the ongoing transition to a more sustainable economy and society.”