HSBC Asset Management (HSBC AM) has launched an ETF focused on emerging technology in India.

The HSBC S&P India Tech Ucits ETF will be listed on the London Stock Exchange and is the first passive fund of this type to track the S&P India Tech index. 

S&P Dow Jones indices will provide the index, which comprises companies deriving at least 80% of their revenue from digital technology, communication and software-related businesses, as defined by FactSet’s Revere Business Industry Classification System data.