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HSBC Launches S&P Bric ETF
HSBC has launched a new Bric exchange-traded fund (ETF) in Europe.
HSBChas launched a new Bric exchange-traded fund (ETF) in Europe,金融时报》reports. TheHSBC S&P Bric 40 ETFseeks to mirror the performance of theS&P BRIC 40 Index, which offers exposure to the leading companies from Brazil, Russia, India and China.
The portfolio will invest in securities in the same proportions as in the index but may not take exposure to all securities within the index. The ETF is listed on theLondon Stock Exchangein sterling and the U.S. dollar trading currencies.
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