HSBC Global Asset Management has launched a new range of sustainable ETFs.

The ETFs track the FTSE Russell ESG Low Carbon Select Indices that target a 50% carbon emissions reduction and a 50% fossil fuel reserves reduction relative to the parent index.

Three of the ETFs are the HSBC Europe Sustainable Equity UCITS ETF, the HSBC Japan Sustainable Equity UCITS ETF and the HSBC USA Sustainable Equity UCITS ETF which are listed on the London Stock Exchange. Three others covering developed markets, emerging markets and Asia Pacific ex Japan will be launched in the coming weeks.