17 May 2010 08:00
HSBC ETFs PLC
("HSBC ETFs" or the "Company")
HSBC ETFs LAUNCHES HSBC S&P 500 ETF
HSBC ETFs is to launch the HSBC S&P 500 ETF on 17 May 2010.
Listed on the London Stock Exchange, and domiciled in Ireland, the new ETF is designed to replicate the performance of the S&P 500® Index (total return). The Index is a free float adjusted market-capitalisation index designed to measure large cap US equity market performance. The total expense ratio (TER) of the fund is up to 0.15%.
The admission of the HSBC S&P 500 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 17 May 2010.
Copies of the HSBC S&P 500 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:
Philip Scott | + 44 (0) 207 024 0464 |
| or at email philip.scott@hsbc.com |
Jenne Mannion | + 44 (0) 20 7024 0444 |
| or at email Jenne.mannion@hsbc.com |
|
|
J&E Davy (Sponsor) |
|
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 and is authorised by the Financial Regulator as a UCITS pursuant to the UCITS Regulations. The Company is constituted as an umbrella fund, with segregated liability between sub-funds. UK based investors in HSBC ETFs PLC may not be afforded some of the protections conveyed by the Financial Services and Markets Act (2000), ("the Act"). The Company is recognised in the United Kingdom under section 264 of the Act however the HSBC CAC 40 ETF is not registered in the UK. Therefore that sub-fund is unregulated in the UK and may only be promoted to those persons that fall under COBS 4.12 of the Financial Services Authority Handbook.
The admission of the HSBC S&P 500 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 17 May 2010.
HSBC Global Asset Management
HSBC Global Asset Management manages assets totalling US$427.3 billion at the end of December 2009. It is one of the world's leading emerging markets asset management businesses and has a 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. Any views expressed are subject to change at any time.