HSBC unveils MSCI Turkey ETF

The HSBC MSCI Turkey ETF, available in sterling and US dollars, has an annual total expense ratio of 0.60%. The fund tracks the MSCI Turkey total return index, which represents the equity market performance of the largest companies in Turkey. In line with the bank's other ETFs launched to date, the Turkey fund physically replicates the underlying index. HSBC says a decade of structural reforms has helped Turkey through the global financial and economic crisis, and shows potential for strong economic progress. Turkey is also expected to have the highest GDP growth in 2011 in the ...