London Stock Exchange welcomes HSBC Asset Management, as it further expands its ETF & Indexing product suite with new Shariah and ESG screened ETFs.
Today, HSBC Asset Management launches the HSBC MSCI World Islamic ESG UCITS ETF, just after the launch of the HSBC MSCI USA Islamic ESG UCITS ETF, with the Europe, Emerging Markets and AC Asia Pacific ex Japan versions to follow.
The index screening methodology first applies a set of Shariah exclusions, both on a financial and business screening level, to ensure compliance with Shariah investment principles. This is then followed by a set of norms-based exclusions via a Socially Responsible Investment (SRI) screen. Finally, the methodology then tilts towards companies with stronger ESG credentials as defined by their MSCI ESG scores.
Olga De Tapia, Global Head of ETF & Indexing Sales
“We are extremely proud to open the market at the London Stock Exchange and celebrate the launch of this meaningful suite of Islamic investment solutions. This listing solidifies our commitment to serving Islamic investors worldwide.”
Umer Suleman, Global Head of Risk at Wahed
“We at Wahed welcome HSBC launching its new Islamic ESG ETF range, addressing both an underserved community who require products aligned to their faith, as well as meeting the needs of socially conscious investors.”