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LONDON - HSBC ETFs plc has announced the launch of a new share class for its MSCI China A UCITS ETF, which is now available for trading on the London Stock Exchange (LON:LSEG). The new share class, denominated in U.S. dollars and hedged for currency fluctuations, began trading today, aiming to replicate the performance of the MSCI China A Inclusion Index.
The introduction of this USD Hedged (Acc) share class, with the ISIN IE0007HPIXG8, is part of the company’s efforts to provide investors with more options to manage currency risk while investing in Chinese A-shares. This addition to the HSBC MSCI CHINA A UCITS ETF is expected to closely track the returns of the index, which consists of shares from companies within the MSCI China A Inclusion Index.
HSBC ETFs plc has taken measures to minimize tracking error between the ETF’s performance and that of the index it follows. The new share class’s admission to the Official List and to trading on the London Stock Exchange’s main market for listed securities became effective today, aligning with the company’s strategy to expand its offerings and meet diverse investor needs.
The details of the new share class are outlined in the supplement to the company’s prospectus dated November 17, 2023, which is available for review through the National Storage Mechanism and on HSBC’s ETF website.
This move by HSBC ETFs plc caters to investors looking for exposure to the Chinese equity market with the added benefit of currency hedging. The information about the new share class is based on a press release statement from HSBC ETFs plc.
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