HSBC has launched a new Bric exchange-traded fund (ETF) in Europe, Financial Times reports. The HSBC S&P Bric 40 ETF seeks to mirror the performance of the S&P BRIC 40 Index, which offers exposure to the leading companies from Brazil, Russia, India and China.
The portfolio will invest in securities in the same proportions as in the index but may not take exposure to all securities within the index. The ETF is listed on the London Stock Exchange in sterling and the U.S. dollar trading currencies.
Click here for the story fromFinancial Times.
Click here for additional coverage from ETF Express.