HSBC MSCI Europe Islamic ESG

ETF description

This ETF aims to provide exposure to companies across Europe that are selected based on their environmental, social, and governance (ESG) performance. It tracks an index that includes businesses which have been assessed as leaders in managing environmental risks, supporting social responsibility, and maintaining strong corporate governance practices. Companies involved in activities that do not align with these values—such as those linked to controversial weapons, tobacco, or violations of international standards—are excluded from the fund.

This ETF may appeal to investors who want global stock market exposure while prioritizing sustainable and responsible business practices. It could be suitable for those who want to align their investment approach with ethical or environmental values.

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 Europe Islamic Index (Parent Index), and is made up of large and mid‑cap companies (as measured by the market value of their shares) across 15 developed 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, this includes (but is not limited to) companies with exposure to: controversial weapons, tobacco, thermal coal mining and breaching the United Nations Global Compact (UNGC) principles.