HSBC Indonesia ETF to hold vote on index change
DUBLIN - The shareholders of HSBC MSCI Indonesia UCITS ETF will vote on October 30, 2026, at an extraordinary general meeting, to decide whether to modify the fund's investment objective. Currently, the fund tracks the MSCI Indonesia Index. The proposed change would shift the focus to the MSCI Indonesia Capped Index, which imposes constituent weight caps due to UCITS Regulations.
This change would alter the fund's investment objective from replicating the MSCI Indonesia Index to replicating the largest publicly listed companies in Indonesia. The updated index, with stock weightings capped, is based on the MSCI Indonesia Index. If approved, the change will take effect around November 11, 2026, with the issuance of an updated supplement.
The company intends to rename the fund to HSBC MSCI Indonesia Capped UCITS ETF, a change not requiring shareholder approval. Registered shareholders as of October 1, 2026, are eligible to vote, with proxies due by October 28, 2026. In case of inquorate, a second meeting is set for November 6, 2026. Shareholders holding ICSD model shares should submit voting instructions through the relevant ICSD or intermediary. The company will release further announcements regarding the meeting's outcome.
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