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HSBC launches MSCI Brazil ETF

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HSBC has launched the HSBC MSCI Brazil ETF with a total expense ratio of 0.60 per cent.

The launch is the first of series of emerging markets ETFs planned by HSBC and coincides with the recent launch by HSBC of Festival Brazil, an international programme of business and culturally focused activity celebrating the nation that is predicted to be the world’s fifth largest economy by 2025.

The ETF is designed to replicate the performance of the MSCI Brazil Index, which is made up of the largest listed companies in Brazil.

As with all HSBC ETFs launched to date, it will use physical replication in tracking its index.

Domiciled in Ireland, the ETF will initially be listed on the London Stock Exchange with further registrations and cross-listings in Europe planned over the coming months.

Farley Thomas, head of ETFs at HSBC, says: “Our customers expect us to offer a range of HSBC ETFs that track major developed and emerging market indices. The launch of the HSBC MSCI Brazil ETF is a first step towards creating an HSBC ETF range in Europe that covers the major emerging markets. Brazil is a key market for future global economic growth and its emergence as a global economic power represents a huge opportunity for investors. The country’s cultural diversity also makes it an exciting focus for 2010 as it gears up to host the World Cup in 2014 and the Olympic Games in 2016.”

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