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HESC ETF · HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF
The HESC Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: MSCI Emerging Markets Small Cap Universal Screens Index. The HESC ETF provides physical exposure, so by buying it you actually own parts of all the 917 underlying holdings. The dividend policy is capitalization.
Last update Yesterday at 7:00 AM UTC
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This fund is part ofEmerging Market Blended Cap1M perf.-1.45%
Last price
$29.98
1M perf.
-5.12%
1M flows
-€1.7M
AuM
€47M
TER
0.35%
Rating
HESC
$29.98
Performance & flows
Segment for quartile rank
April 1, 2026 → July 1, 2026
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HESC
$30.13
+9.23%
Emerging Market Blended Cap
+18.49%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -5.12%  | +9.23% | +28.52%  | +59.30% | N/A | -0.21% | -0.21% | +16.39% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
7/1/2026
$30.13
1D NAV change
-0.21%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
917
Inception date
11/3/2022
Jurisdiction
Ireland
Distribution
Ireland
Switzerland
Austria
Denmark
United Kingdom
Legal structure
Open-end Investment Company
Base currency
USD
Classification
Product type
Asset class
Factors
N/A
Investment strategy
The Fund aims to track as closely as possible the returns of the MSCI Emerging Markets Small Cap Universal Screens Index (the Index), while integrating environmental, social and governance (ESG) metrics. The Fund will invest in or gain exposure to shares of companies which make up the Index. The Fund qualifies under Article 8 of SFDR.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +9.23% | +28.52% | +59.30% | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Taiwan
31.06%
Republic of Korea
20.11%
India
8.79%
China
6.99%
South Africa
5.80%
Brazil
5.70%
Malaysia
3.89%
Saudi Arabia
2.91%
Hong Kong
2.79%
Other
11.89%
Sectors
Technology
31.02%
Finance
16.44%
Non-Energy Materials
10.72%
Industrials
10.28%
Healthcare
9.56%
Consumer Non-Cyclicals
8.32%
Consumer Cyclicals
5.11%
Consumer Services
2.16%
Telecommunications
1.85%
Other
4.46%
Diversification
Total weight of top 15 holdings out of 917
Top 15 holdings
Data as of May 31, 2026
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Sustainability
Integrates ESG criteria
Yes
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of June 30, 2026
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HESC
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
HSBC
HSBC ID Card
Number of funds
114
Total AuM
€50.98B
Expense ratio range
0.05% - 0.65%
Average expense ratio
0.2075%
Top 5 funds by HSBC
| AuM | ||
|---|---|---|
HMWO | HSBC MSCI World UCITS ETF | €13.61B |
HSPD | HSBC S&P 500 UCITS ETF | €8.62B |
HMEM | HSBC MSCI Emerging Markets UCITS ETF | €3.67B |
HMWA | HSBC MSCI World UCITS ETF | €1.93B |
HPRD | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF | €1.84B |
Frequently asked questions about HESC
What does HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF, HESC, invest in?
HESC is a Passive ETF. This ETF provides exposure to Other Small Cap Emerging markets Equities.
Which benchmark or index does HESC replicate?
HESC tracks the MSCI Emerging Markets Small Cap Universal Screens Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of HESC?
HESC carries a total expense ratio (TER) of 0.35%, indicating the annual cost for holding the fund.
When was HESC launched?
HESC was introduced to the market on November 3, 2022. It trades on Ireland, among other exchanges
Who is the ETF issuer of HESC?
HSBC MSCI Emerging Markets Small Cap Screened UCITS ETF, HESC, is provided by HSBC. Learn more about HSBC here.
What is the current assets under management (AUM) of HESC?
HESC oversees €47M in assets as of July 1, 2026.
How has HESC performed lately?
Based on data from July 1, 2026, HESC returned -5.12% over the past month, 9.23% over the last three months and 16.39% year-to-date.
What are the latest inflows or outflows for HESC?
As of July 1, 2026, HESC recorded net flows of -€1.7M over the last month and +€2.1M year-to-date.
Does HESC distribute dividends?
HESC follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of HESC?
As of May 31, 2026, HESC has significant geographic allocations in Taiwan, Republic of Korea and India.
In which sector or theme does HESC invest in?
As of May 31, 2026, HESC focuses largely on Technology, Finance and Non-Energy Materials.
How many securities does HESC hold and how diversified is it?
As of May 31, 2026, HESC holds 917 positions in its portfolio, with 13.33% of assets concentrated in its top 15 holdings.
What are the main positions in HESC?
As of May 31, 2026, HESC top three holdings include Winbond Electronics Corp., Phison Electronics Corp. and LG Innotek Co., Ltd..
What is the base currency of HESC?
The base currency of HESC is USD.
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