HSBC Asset Management has launched the HSBC Nasdaq Global Semiconductor UCITS ETF, on the London Stock Exchange, with further listings expected in Europe in the coming weeks.
The fund aims to replicate the performance of the Nasdaq Global Semiconductor Index, which is comprised of the 80 largest global semiconductor companies. This will include companies that supply semiconductors to the automotive, wireless communications, computing and consumer sectors. It will invest in the constituents of the index largely in the same proportions in which they are included.
Olga de Tapia, Global Head of ETF & Indexing Sales, HSBC AM, says: “Semiconductors are key for the future of many technology-based industries and are also expected to play an important role in the transition to net-zero through enabling clean technologies.
“We feel that this addition to our tech thematic product suite captures a long running secular trend which sits at the heart of the digital revolution”
Cameron Lilja, Vice President, Head of Index Research & Development, Nasdaq says: “Semiconductors are essential to many aspects of modern society with increasing importance for rapidly evolving technologies. Leveraging our rules-based and transparent indexes, we are pleased to partner with HSBC AM, bringing investment products that enable investors to gain meaningful exposure to these pioneering companies who are reshaping the world economy.”