HSBC Asset Management has launched a semiconductor ETF, ETF Stream can reveal.

The HSBC Nasdaq Global Semiconductor UCITS ETF (HNSC) is listed on the London Stock Exchange with a total expense ratio (TER) of 0.35%. Further listings across Europe are expected over the next few weeks.

HNSC tracks the Nasdaq Global Semiconductor index which comprises of the 80 largest global semiconductor companies.

This includes companies involved in supplying semiconductors to the automotive wireless communications, computing and consumer sectors.

Olga De Tapia (pictured), global head of ETF and indexing sales at HSBC AM, commented: “Semiconductors are key for the future of many technology-based industries and are also expected to play an important role in the transition to net-zero through enabling clean technologies.

“We feel that this addition to our tech thematic product suite captures a long running secular trend which sits at the heart of the digital revolution”

Cameron Lilja, vice president, head of index research and development at Nasdaq, added: “Semiconductors are essential to many aspects of modern society with increasing importance for rapidly evolving technologies.”

Semiconductor ETFs have been a popular trade over the past year. VanEck launched Europe’s first semiconductor ETF, the VanEck Vectors Semiconductor UCITS ETF (SMGB), and it has gathered $798m since launch in December 2020.

BlackRock and Lyxor also offer exposure to the megatrend through the iShares MSCI Global Semiconductors UCITS ETF (SEMI) and the Lyxor MSCI Semiconductors ESG Filtered UCITS ETF (TWLN).

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