HSBC's new ETFs are classified as 'article 8' products under the EU regulation, meaning they "promote environmental or social characteristics," with the two more ETFs in the series due in coming weeks. The HSBC MSCI Emerging Markets Value ESG Ucits ETF will track the MSCI Target Value SRI Screened World and Emerging Indices that focusses on firms with high ESG ratings relative to their sectors. Whilst the HSBC MSCI Emerging Markets Small Cap ESG Ucits ETF will track the MSCI World Small Cap ESG Leaders SRI Select Index and MSCI Emerging Small Cap Select SRI Screened ESG Index, which includes companies with a positive trend in their ESG profiles.