HSBC FTSE EPRA Nareit Developed ETF

The investment objective of the Fund is to replicate the performance of the FTSE EPRA Nareit Developed Index (the Index), while minimising as far as possible the tracking error between the Funds performance and that of the Index. The Index is a market-capitalisation weighted index designed to measure the performance of listed real estate companies and REITS of the worlds developed equity markets as defined by the Index Provider. In seeking to achieve its investment objective, the Fund will aim to invest in the constituents of the Index in generally the same proportions in which they are included in the Index.