It's not like HSBC is even trustworthy ....who knows what they can and would do in desperate times... Shedding 35000 staff is no laughing matter even for a global shop like theirs. And 90% of the bottom line comes out of Asia!. Disclaimer , I do not like ETF's . I want to hold it in my hands so I know it's mine with out shadow of doubt. But hey that's just me and each to their own. Note HSBC and Deutsche are deep in bed together. If one falls the other shall be on very shaky ground as a minimum.