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HFEX ETF · HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF
The HFEX Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: MSCI AC Asia Far East ex Japan Index. The HFEX ETF provides physical exposure, so by buying it you actually own parts of all the 847 underlying holdings. This share class generates a stream of income by distributing dividends.
Share class
Dist
USD
Last update 3/13/2026, 8:00 AM UTC
LIVE
CLOSED
This fund is part ofAPAC Blended Cap1M perf.-5.35%
Last price
$70.57
1M perf.
-3.16%
1M flows
+€1.1M
AuM
€24M
E/R
0.45%
Rating
ESG Consensus®
HFEX
$70.57
Performance & flows
Segment for quartile rank
December 12, 2025 → March 12, 2026
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HFEX
$72.09
+11.39%
APAC Blended Cap
+6.90%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -3.16%  | +11.39% | +44.48% | +73.02% | N/A | -7.01% | +10.06% | +10.06% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/12/2026
$72.09
1D NAV change
-1.48%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
847
Inception date
7/13/2022
Jurisdiction
Ireland
Distribution
Portugal
United Kingdom
Singapore (Qualified Investor)
Germany
Ireland
Legal structure
Open-end Investment Company
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Share class info
USD distributing
Total AuM of fund
€365M
Decimalisation of shares
No
Investment strategy
The investment objective of the Fund is to replicate the performance of the MSCI AC Far East ex Japan 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 large and mid cap companies in China (as accessible through the Hong Kong market), Hong Kong, Indonesia, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand, as defined by the Index Provider. The markets in which the issuers are based are considered to be emerging markets and accordingly, are subject to specific risk factors.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.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise
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Learn more about Trackinsight EnterpriseSimilar ETFs
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1M perf.
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E/R
0.45%
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1M perf.
-3.56%
E/R
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09010
1M perf.
-3.81%
E/R
0.28%
AAXJ
1M perf.
-5.32%
E/R
0.72%
AIA
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-4.67%
E/R
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +11.39% | +44.48% | +73.02% | 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
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Enterprise
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Learn more about Trackinsight EnterpriseExposure
Countries
Taiwan
28.11%
Republic of Korea
21.17%
Cayman Islands
19.69%
China
13.92%
Hong Kong
5.26%
Singapore
3.76%
USA
2.39%
Malaysia
1.61%
Indonesia
1.38%
Other
2.71%
Sectors
Information Technology
39.09%
Financials
17.31%
Consumer Discretionary
11.85%
Communication Services
9.78%
Industrials
6.79%
Materials
3.29%
Health Care
2.22%
Real Estate
1.85%
Unavailable
2.91%
Other
4.91%
Diversification
Total weight of top 15 holdings out of 847
Top 15 holdings
Data as of January 31, 2026
TWN SEMICONT MAN
SAMSUNG ELECTR
TENCENT HOLDINGS
ALIBABA GROUP HOLDING LTD
SK HYNIX
AIA
DBS GROUP HOLDINGS
CHINA CONSTRUCTION BANK
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HON HAI PRECISION INDUSTRY
MEDIATEK INC
XIAOMI CORP
DELTA ELECTRONIC
PINDUODUO INC ADR
SAMSUNG ELEC-1P PRF
HONG KONG EXCHANGES AND CLEARING
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about HFEX ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
HFEX’s has a Final Sustainability Grade of either B+, B, or B-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
73.45% of holdings have positive scoring
26.55% of holdings have negative scoring
22.01%
36.77%
14.67%
20.44%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
MSCI Daily Net Total Return AC Far East ex Japan Index - USD
Index ticker
NDEUCFEX Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
HSBC
HSBC ID Card
Number of funds
114
Total AuM
€44.25B
Expense ratio range
0.05% - 0.65%
Average expense ratio
0.2076%
Top 5 funds by HSBC
| AuM | ||
|---|---|---|
HMWO | HSBC MSCI World UCITS ETF | €12.24B |
HSPD | HSBC S&P 500 UCITS ETF | €7.27B |
HMEF | HSBC MSCI Emerging Markets UCITS ETF | €3.32B |
HPRD | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF | €1.76B |
HMWA | HSBC MSCI World UCITS ETF | €1.53B |
Frequently asked questions about HFEX
What does HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF, HFEX, invest in?
HFEX is a Passive ETF. This ETF provides exposure to Large and Mid-Cap East Asia ex-Japan Equities.
Which benchmark or index does HFEX replicate?
HFEX tracks the MSCI Daily Net Total Return AC Far East ex Japan Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of HFEX?
HFEX carries a total expense ratio (TER) of 0.45%, indicating the annual cost for holding the fund.
When was HFEX launched?
HFEX was introduced to the market on July 13, 2022. It trades on Portugal, among other exchanges
Who is the ETF issuer of HFEX?
HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF, HFEX, is provided by HSBC. Learn more about HSBC here.
Does HFEX have multiple share classes?
Yes, HFEX is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of HFEX?
HFEX oversees €24M in assets as of March 12, 2026.
How has HFEX performed lately?
Based on data from March 12, 2026, HFEX returned -3.16% over the past month, 11.39% over the last three months and 10.06% year-to-date.
What are the latest inflows or outflows for HFEX?
As of March 12, 2026, HFEX recorded net flows of +€1.1M over the last month and +€2.6M year-to-date.
Does HFEX distribute dividends?
HFEX follows a distributing dividend policy, meaning it pays out income to investors. As of March 12, 2026, its 12-month trailing yield was 1.56%.
What are the main country or region exposures of HFEX?
As of January 31, 2026, HFEX has significant geographic allocations in Taiwan, Republic of Korea and Cayman Islands.
In which sector or theme does HFEX invest in?
As of January 31, 2026, HFEX focuses largely on Information Technology, Financials and Consumer Discretionary.
How many securities does HFEX hold and how diversified is it?
As of January 31, 2026, HFEX holds 847 positions in its portfolio, with 48.42% of assets concentrated in its top 15 holdings.
What are the main positions in HFEX?
As of January 31, 2026, HFEX top three holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and TENCENT HOLDINGS.
What is the base currency of HFEX?
The base currency of HFEX is USD.
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