HSBC ETFS plc MSCI TAIWAN UCITS ETF GBP (HTWN)

The investment objective of the Fund is to replicate the performance of the MSCI Taiwan Index (the “Index”), while minimising as far as possible the tracking error between the Fund’s performance and that of the Index. The Index is a market-capitalisation weighted index designed to measure the performance of the largest publicly listed companies in Taiwan, as defined by the Index Provider. Taiwanese equity markets are considered to be emerging markets and accordingly, are subject to the risks described in the “Disclaimer” section. In seeking to achieve its investment objective, the Fund will aim to invest in securities included in the Index in generally the same proportions in which they are included in the Index.