Last checked at 8 Apr 2010 08:00
8 April, 2010
HSBC ETFs PLC
("HSBC ETFs" or the "Company")
HSBC ETFs LAUNCHES HSBC FTSE 250 ETF
HSBC ETFs is to launch the HSBC FTSE 250 ETF on 8 April 2010.
Listed on the London Stock Exchange, and domiciled in Ireland, the new ETF is designed to replicate the performance of the FTSE 250® Index (total return). The Index is a market-capitalisation weighted index comprised of mid-capitalised companies, not covered by the FTSE® 100 and represents approximately 10% of UK market capitalisation. The total expense ratio (TER) of the fund is up to 0.35%.
The admission of the HSBC FTSE 250 ETF to the Official List and to trading on the London Stock Exchange's main market for listed securities will become effective, and dealings will commence today 8 April 2010.
Copies of the HSBC FTSE 250 ETF Supplement will shortly be available for inspection at the Document Viewing Facility of the UK Listing Authority and will also be available on the Company's website at www.etfs.hsbc.com, where the Simplified Prospectus will also be available.
Further information:
| Jenne Mannion | + 44 (0) 20 7024 0444 |
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| or at email Jenne.mannion@hsbc.com |
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| J&E Davy (Sponsor) |
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| Fergal Meegan / Brian Garrahy | + 353 1 6796363 |
Notes to editors:
HSBC ETFs PLC
HSBC ETFs PLC is an investment company with variable capital incorporated in Ireland as a public limited company. It is authorised by the Financial Regulator, as a UCITS pursuant to the UCITS Regulations. The Company is structured as an umbrella fund, with segregated liability between sub-funds, and may comprise several portfolios of assets. The Company is recognised in the United Kingdom under section 264 of the Financial Services and Markets Act 2000.
The admission of the HSBC FTSE 250 ETF to the Official List and to trading on the London Stock Exchange's main market for listed securities will become effective, and dealings will commence on 8 April 2010.
HSBC Global Asset Management
HSBC Global Asset Management comprises four specialist investment businesses: Halbis, Sinopia, Multimanager and Liquidity. HSBC Global Asset Management acts as the global representative of its specialist investment businesses and manages assets totalling US$427.3 billion at the end of December 2009. As one of the world's leading emerging markets asset management businesses, through its network of offices in over 20 countries around the world, HSBC Global Asset Management has strong relationships with corporates, institutions and financial intermediaries of all sizes and types.
HSBC Global Asset Management is part of HSBC Global Banking and Markets, a division of HSBC Holdings plc.
For more information see www.assetmanagement.hsbc.com
HSBC Global Banking and Markets
HSBC Global Banking and Markets is an emerging markets-led and financing-focused business that provides tailored financial solutions to major government, corporate and institutional clients worldwide. Global Banking and Markets has offices in more than 60 countries and territories. Managed as a global business, HSBC offers clients geographic reach and deep local knowledge. For more information on Global Banking and Markets, please visit www.hsbcnet.com
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 8,000 offices in 88 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$2,364 billion at 31 December 2009, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.
The information contained in this press release does not constitute an offer or solicitation for, or advice that you should enter into, the purchase or sale of any security or fund.