LONDON - HSBC Global Funds ICAV announced today the admission of new share classes for several of its exchange-traded funds (ETFs) on the London Stock Exchange (LON:LSEG). The new share classes, effective as of today, extend across a range of government and corporate bond funds, aiming to provide investors with regular income and capital growth opportunities.
The newly admitted share classes include those for the HSBC Global Funds ICAV - Euro Government Bond UCITS ETF, Japan Government Bond UCITS ETF, US Treasury Bond UCITS ETF, and two for the US Corporate Bond UCITS ETF, one traded in USD and the other in GBP. These funds are designed to track the performance of their respective Bloomberg index counterparts as closely as possible.
The Euro Government Bond UCITS ETF aims to reflect the Bloomberg EuroAgg Treasury Index (total return), while the Japan Government Bond UCITS ETF tracks the Bloomberg Global Japan Total (EPA:TTEF) Return Index. Similarly, the US Treasury Bond UCITS ETF and US Corporate Bond UCITS ETFs are designed to follow the Bloomberg US Treasury Index and the Bloomberg US Corporate Bond Index (total return), respectively.
With the addition of these new share classes to its product lineup, HSBC Global Funds ICAV seeks to provide investors with diversified options for investment in the fixed income market. The company has confirmed that the admission of these new share classes to the Official List and to trading on the London Stock Exchange’s main market for listed securities has commenced today.
The prospectus for the company, dated November 17, 2023, contains definitions and further details regarding the funds and their objectives. Investors and interested parties can access more information on the new share classes and the funds themselves via the National Storage Mechanism and the company’s website.
This expansion of HSBC’s ETF offerings comes as part of the company’s broader strategy to offer a comprehensive range of investment solutions to its global client base. The information regarding the introduction of these new share classes is based on a press release statement from HSBC Global Funds ICAV.
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