First ETF launch in Europe to replicate Russian equities

Called the HSCB MSCI Russia Capped ETF, HSBC highlights this latest launch for  carrying what it calls “a highly competitive Total Expense Ratio (TER) of just 0.60%.” The Fund aims to replicate as closely as possible the performance of the MSCI Russia Capped Total Return Net Index. It’s eligible for both ISAs and SIPPs. Farley Thomas, Head of ETFs at HSBC, said, "By putting together a physical Russian equity ETF, we are responding to investors' concerns with respect to complex ETFs and demonstrating our commitment to delivering products that are as transparent and simple as possible." ...