HSBC launches ETF strategy for Europe

HSBC Global Asset Management will be the investment manager and HSBC Global Markets will ensure liquidity as a market maker. HSBC has an ETF business in Asia, through majority-owned Hang Seng Bank and HSBC Global Asset Management in Hong Kong, which boast almost 8% of regional ETF assets under management, according to HSBC. On August 14 2009, Hang Seng Bank's ETFs became the first Hong Kong-listed funds to also be listed in Taiwan. HSBC plans to extend its ETF business across Asia, Latin Amer

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