HSBC Asset Management has launched GBP-hedged Shariah-compliant share classes for its Global Sukuk UCITS ETF to help UK DC pension schemes access Sukuk exposure with reduced sterling currency risk.
HSBC Asset Management (HSBC AM) has introduced GBP (sterling) foreign exchange-hedged share classes for the HSBC Global Funds ICAV - Global Sukuk UCITS ETF, expanding access to the fund for UK defined contribution (DC) pension schemes. The fund has historically been available through US dollar-denominated share classes The company noted the share classes are designed to help investors manage sterling currency exposure in a Shariah-compliant manner. HSBC AM said the fund has historical