HSBC MSCI Emerging Markets Islamic ESG

ETF description

This ETF is designed to follow the performance of a group of large and mid‑sized companies based in developed countries around the world. These companies are chosen for their efforts in meeting certain environmental, social, and governance (ESG) standards. The ETF avoids including businesses that are involved in industries considered harmful, such as those related to tobacco, controversial weapons, or significant environmental damage.

This ETF may appeal to investors who are looking for global exposure to developed markets, but who also want to reflect certain ethical or environmental concerns in their investment choices. It could suit those who aim to support more sustainable business practices while still gaining broad market coverage.

Issuer details

HSBC Global Asset Management is a leading asset management firm and subsidiary of HSBC Holdings plc. With over $500 billion in assets under management as of June 2024, HSBC offers many investment products, including ETFs and covers various market segments. Established in 1973, HSBC Global Asset Management has a global presence with a particular focus on emerging markets, leveraging its expertise in these regions. Notable ETFs include the HSBC MSCI Emerging Markets UCITS ETF and the HSBC S&P 500 UCITS ETF, reflecting HSBC’s focus on providing exposure to global markets and diversified investment options.

Index details

The Index is a subset of the MSCI Emerging Markets Islamic Index (Parent Index) and is made up of large and mid‑cap companies across 24 emerging markets countries, that comply with Shariah investment principles, as defined by the Index Provider. The Index is constructed by applying values‑ and climate‑based exclusionary criteria to screen all securities and excludes companies with exposure to: controversial weapons, tobacco, thermal coal mining and breaching the United Nations Global Compact (UNGC) principles.