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HSBC to launch first ETF in Europe

Reuters – HSBC Holdings Plc, Europe’s biggest bank, is to unveil plans to enter into the European exchange traded fund (ETF) market with its first launch, the Financial Times said on Monday.

”We believe our future is linked to indexation and ETFs and not just active management,” Farley Thomas, global head of wholesale distribution at HSBC Global Asset Management, told the newspaper.


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