The HSBC S&P India Tech UCITS ETF will have exposure to companies with a market cap of at least $300m that generate at least 80% of their revenue from digital technology, communication, and software related businesses, as classified by FactSet’s Revere Business Industry Classification System.
HSBC AM said it was a “more diversified index than solely IT companies” as its revenue-based approach also captures technology-oriented companies from various sectors.
HANetf to launch India internet and e-commerce ETF
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