HSBC Asset Management has added 19 new ETF share class listings in the UK, Germany and Italy as it aims to become one of the top ten largest fixed income ETF providers in Europe by assets under management.
Through issuing a variety of hedged and unhedged options, HSBC AM will be launching versions of its Global Sustainable Government Bond UCITS ETF, China Government Local Bond UCITS ETF, Global Government Bond UCITS ETF and Global Corporate Bond UCITS ETF. The launches are expected to boost HSBC AM's fixed income ETF AUM by about $6bn, the firm said. European ETFs suffer 28% drop in inflows in Q2 2023 The funds were recently renamed "UCITS ETFs" in line with regulatory requirements in Ireland and part of its move to issue listed and unlisted share classes The USD and GDP hedge...
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