LISTED PRODUCT NEWS

HSBC UNVEILS NEW TURKEY ETF
HSBC yesterday listed its MSCI Turkey exchange-traded fund (ETF), expanding its range of exchange-traded funds on offer in Europe to 12. The ETF offers exposure to the total return performance of the MSCI Turkey Index. Like all other HSBC ETFs, the Turkey product will employ physical replication. It has a total expense ratio of 0.6 per cent and is listed on the London Stock Exchange in both sterling and dollars. Further registrations and cross-listings in Europe are planned over the coming months, HSBC said.

WORLD’S FIRST INDUSTRIAL METAL ETCS
Trading in the world’s first physically backed industrial metal exchange-traded commodities is scheduled to begin tomorrow. ETF Securities launched three of these products on Wednesday – copper, nickel and tin. All have a management expense fee of 0.69 per cent. It said it expects the remaining four ETCs – aluminium, lead, zinc and a basket – to be available for trading in 2011. Deutsche Bank is to act as the metal agent, providing trading, administration and custody services. All creations and redemptions will be effected through a special purpose LME account.

RBS SEMINAR ON PORTFOLIO BUILDING
Listed product provider RBS is hosting another free seminar on Monday 13 December. This event will take stock of the RBS Fantasy Portfolio Game and focus on the best practices for building a successful portfolio and how to get your investments on the right track – ideal as we head into 2011. The event runs from 5.30pm to 7pm and will be held at RBS’s headquarters on Bishopsgate in the City of London. If you would like to register for the event, please visit http://ukmarkets.rbs.com/ or ring 0800 121 6286.