New thematic ETF from HSBC on Xetra: access to the Indian technology sector

Since Wednesday, a new exchange-traded fund issued by HSBC Asset Management has been tradable on Xetra and via the trading venue Börse Frankfurt.

The HSBC S&P India Tech UCITS ETF EUR tracks the performance of the S&P India Tech Index in the Euro share class. Investors gain access to leading companies operating in technology-related businesses in the Indian market and in the communications, digital technology and software segments based on their RBICS classification.

RBICS classification stands for FactSet’s Revere Business Industry Classifications System (RBICs), which maps the technology sector using a revenue-based approach. Eligible companies must generate more than 80 per cent of their turnover in the specified business sectors. The top ten companies include Infosys, followed by HCL Technologies, Bharti Airtel, and Tata Consultancy Services.

NameAsset classISINOngoing chargesDistribution policyReference index
HSBC S&P India Tech UCITS ETF EUR (Acc)Equity ETFIE0008119MO80.65 per centaccumulatingS&P India Tech Index

The product offering in Deutsche Börse’s XTF segment currently comprises a total of 2,135 ETFs. With this selection and an average monthly trading volume of around €14 billion, Xetra is the leading trading venue for ETFs in Europe.

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Carola Dürer

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Published on March 6, 2024

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