ESG: HSBC wins Hong Kong ETF mandate

ETF blocksHaitong Asset Management has appointed global custodian HSBC as its securities services provider for what it claims is Hong Kong’s first broad-based ETF focused on ESG. The fund, Haitong MSCI China A ESG ETF, will be listed on the Hong Kong Stock Exchange and will track the MSCI China A ESG Universal index. It will offer investors exposure to China A shares with what Haitong terms ‘a robust ESG profile’, including clean energy, electric vehicles and consumer-oriented goods and services. “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,” said Patrick Wong, head of China business development and client management, securities service at HSBC. “This new ETF further strengthens our commitment to ESG and the development of the ETF market in the region.” © 2020 funds global Asia

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