HSBC S&P India Tech UCITS ETF EUR (Acc) (HITC)

Profile

HSBC S&P India Tech UCITS ETF EUR (Acc) is an exchange-traded fund domiciled in Ireland that tracks the S&P India Tech Index. This index employs the Revere Business Industry Classifications (RBICS) methodology to identify Indian companies associated with the technology theme, encompassing both traditional and emerging tech firms that might be overlooked by conventional classification systems like GICS or ICB. The ETF provides targeted exposure to India's technology sector, with primary allocations to information technology, followed by communication services, financials, and a minor health care component, all focused on Indian equities. Denominated in euros with an accumulating share class, it reinvests dividends to support long-term compounding for investors seeking thematic access to India's dynamic tech landscape. Launched by HSBC Global Asset Management, the fund emphasizes diversified holdings across tech-related activities, offering a specialized vehicle within the UCITS framework for international investors interested in this high-growth market segment.