New HSBC ETF on Xetra provides access to the 30 largest technology companies from the Greater China region
HSBC Global Asset Management has launched a new ETF providing investors with access to large technology companies from the Greater China region on Xetra and Börse Frankfurt.
The HSBC Hang Seng TECH UCITS ETF enables investors to invest for the first time in the 30 largest companies from the Greater China region that are primarily active in the technology sector and are listed on the Hong Kong Stock Exchange. Greater China comprises Hong Kong, the People's Republic of China, Macau and Taiwan.
Companies from the industrial, consumer discretionary, healthcare, financial and information technology sectors that generate a significant proportion of their revenue digitally, with internet (including mobile), cloud, fintech or e-commerce are considered.
The weighting is based on market capitalisation, whereby the share of a stock is limited to a maximum of eight per cent.