HSBC closes $33m Far East UCITS ETF

clock • 1 min read

HSBC Global Asset Management UK is closing its the HSBC MSCI EM Far East UCITS ETF (HMFD) owing to a lack of investor demand. The total net asset value of the ETF has fallen to $33m, below HSBC's threshold of $50m, at which it has the discretion to terminate a fund. HSBC said it considers it "unlikely" that the total net assets of the fund would increase sufficiently in the future to justify the continuation of the fund. The fund will close next month on 6 July 2022 and will redeem all shares to investors. HSBC AM rolls out ESG-focused Asian bond sub-fund of 'flagship' range ...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?