HSBC launches climate-change structured products
LONDON (Reuters) - Banking group HSBC said on Tuesday it has launched a range of structured products offering exposure to two indexes and a fund that contain firms making their profits from fighting global warming.
HSBC, which recently launched a Global Climate Change Benchmark index and GIF Climate Change fund, has launched tracker notes offering direct exposure to these products, as well as leveraged notes, principal protected notes and constant proportion portfolio insurance, which offers a guaranteed return and ongoing portfolio rebalancing.
The range of structured products, which is aimed at institutional investors, is also available on the newly-launched HSBC Global Climate Change 100 Index, which contains 100 of the most liquid firms in the broader index.
A large number of investment firms have launched funds or other products in recent months to capitalize on growing interest in the hunt for alternative sources of energy to fossil fuels like coal and oil.
"Investors are recognizing the importance of climate change and are showing interest in companies that seek to address the impact," global head of structured fund products Steven Phan said in a note.