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DUBLIN - HSBC ETFs plc announced today the admission of new share classes for three of its exchange-traded funds (ETFs) on the London Stock Exchange (LON:LSEG)’s main market. The addition became effective today, with trading commencing on the same day.
The newly admitted share classes belong to the HSBC PLUS World Equity Quant Active UCITS ETF, the HSBC PLUS World Equity Income Quant Active UCITS ETF, and the HSBC PLUS USA Equity Quant Active UCITS ETF. These funds are actively managed and aim for long-term capital growth, with the World Equity Quant Active and World Equity Income Quant Active ETFs referencing the MSCI World Index and the USA Equity Quant Active ETF referencing the S&P 500 Index as their benchmarks.
The admission includes both USD Accumulating (Acc) and USD Distributing (Dist) share classes for each of the sub-funds, with trade currencies available in both USD and GBP. The ISINs and SEDOLs for these new share classes have been disclosed as part of the announcement.
HSBC ETFs plc, part of HSBC Global Asset Management, is offering these new share classes in response to investor demand for varied currency options and dividend strategies within their investment portfolios. The admission of these share classes to the Official List is expected to provide investors with additional flexibility and choice when investing in the ETFs.
This move by HSBC ETFs plc reflects the ongoing evolution of the ETF market, as providers continue to expand their product offerings to meet the diverse needs of investors.
The information for this report is based on a press release statement from HSBC ETFs plc.
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