HSBC launches Brazil ETF

The HSBC MSCI Brazil ETF, which has a total expense ratio of 0.60%, is the first in a series of emerging markets ETFs planned by the bank. The latest fund is designed to replicate the performance of the MSCI Brazil index, which comprises the largest listed companies in Brazil. As with all HSBC ETFs launched to date, it will use physical replication to track the index, by investing in the constituent stocks. 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. HS...