HSBC GAM cuts fees on three ETFs

Following strong inflows

HSBC Global Asset Management (GAM) has cut fees on three exchange traded funds (ETFs)l, the firm has announced.

HSBC GAM has slashed the total expense ratio (TER) on its HSBC MSCI Emerging Markets UCITS ETF and HSBC MSCI Pacific ex Japan UCITS ETF to 0.15% from 0.4%, while its HSBC MSCI Europe UCITS ETF has been halved to 0.1%, from 0.2%. Munro to succeed Cheetham as HSBC GAM global CIO HSBC GAM said the move came "following strong passive assets under management growth and client demand". The changes came into effect on Tuesday (7 January). Olga De Tapia, head of EMEA ETF sales at HSBC GAM, said on Linkedin the move makes the ETFs "among the most competitively priced physically replicated E...