HSBC Asset Management is set to unveil two new exchange-traded funds (ETFs), focused on global property and Russia, What Investment reports. The HSBC MSCI Russia Capped ETF will track the index monitoring the Russian Standard Index. The HSBC FTSE EPRA/NAREIT Developed Index ETF will track the index that measures the stock performance of property companies listed in North America, Europe and Asia. The company has filed with the regulators for the same.
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