Haitong International Asset Management (HK) has appointed HSBC as securities services provider for Hong Kong’s first broad-based environmental, social and governance (ESG) exchange traded fund (ETF).
The new ETF is tracking MSCI China A ESG Universal Index, and offering exposure to China A-shares with a robust ESG profile.
HSBC noted that this will include clean energy, electric vehicles, and consumer-oriented goods and services.
In the latest HSBC Sustainable Financing and Investing Survey 2020, it was noted that more capital market participants in Asia than elsewhere in the world are attaching greater importance to sustainable finance since the COVID-19 pandemic.
Patrick Wong, head of China business development and client management, securities services at HSBC, commented: “We are pleased to support Haitong International in launching this pioneering ETF and at the same time provide investors with more channels to support sustainable finance.”
According to Wong, this new ETF further strengthens HSBC’s commitment to ESG and the development of the ETF market in the region.
Yang Jianxin, head and chief investment officer of Haitong International Securities Group, said: “The launch of this ESG-themed ETF further positions us to be one of the most innovative players. We appreciate the continuous support from HSBC and their outstanding professional custodian services, which enabled us to bring more exciting products to global investors."
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