HSBC cuts fees on 6 ETFs

ETFsHSBC Global Asset Management has cut the fees on six of its ETFs, with the lowest now being 0.05 per cent.

Effective immediately the asset manager has cut the total expense ratio on six broad market Ucits ETFs.

The HSBC Euro Stoxx 50 ETF has seen its TER cut from 0.15 per cent to 0.05 per cent. The HSBC FTSE 100 ETF has seen a larger cut from 0.35 per cent to 0.07 per cent.

The TER on the MSCI World ETF has also been cut from 0.35 per cent to 0.15 per cent, while the MSCI Japan ETF has seen its fees cut from 0.4 per cent to 0.19 per cent.

The fees on the MSCI Europe ETF were cut from 0.3 per cent to 0.2 per cent, while the MSCI Emerging Markets ETF has seen fees cut from 0.6 per cent to 0.4 per cent.

Andy Clark, chief executive at HSBC GAM UK, says: “Our business is entirely client-led, with ETFs being an important part of the solutions we offer our clients, alongside a wide range of other index-based and active products.

“We understand that many clients use ETFs as ‘building blocks’ for their portfolios and when we launched our physically-replicated Ucits ETF range back in 2009, our aim was to ensure that we would always provide a cost-effective deal on a high quality range of funds.

“As part of our ongoing commitment to our ETFs, we have looked closely at their pricing structure, and are now delighted to be able to cut fees on six of some of our most popular funds.”