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Global ETF Survey 2026
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HGAE ETF · HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF
The HGAE Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: Bloomberg Global Aggregate Bond Index. The HGAE ETF provides physical exposure, so by buying it you actually own parts of all the 5,192 underlying holdings. The dividend policy is capitalization.
Share class
Acc
EUR
Hedged
Last update 7/2/2026, 7:00 AM UTC
LIVE
CLOSED
This fund is part ofInternational Aggregate Bonds1M perf.-0.73%
Last price
€10.54
1M perf.
+0.13%
1M flows
+€4.1M
AuM
€15M
TER
0.0999%
Rating
Not rated
HGAE
€10.54
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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HGAE
€10.52
+0.52%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +0.13%  | +0.52%  | +1.00% | N/A | N/A | -0.19% | -0.19% | +0.08% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
7/2/2026
€10.52
1D NAV change
-0.04%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
5192
Inception date
6/11/2024
Jurisdiction
Ireland
Distribution
Switzerland
Italy
Spain
Austria
Bermuda
Legal structure
Irish Collective Asset-management Vehicle
Base currency
EUR
Classification
Product type
Asset class
Factors
N/A
Share class info
EUR capitalizing hedged
Total AuM of fund
€49M
Decimalisation of shares
No
Investment strategy
The Fund aims to provide regular income and capital growth by tracking as closely as possible the performance of the Bloomberg Global Aggregate Bond Index.
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 | +0.52%  | +1.00% | N/A | 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
USA
24.91%
China
7.10%
Japan
6.45%
France
4.13%
Germany
3.69%
United Kingdom
3.49%
Canada
2.97%
Italy
2.61%
Unavailable
29.91%
Other
14.75%
Sectors
Sovereign
44.07%
Banks
8.66%
Other sectors
3.40%
Municipal
1.63%
Other financial institutions
1.57%
Power
1.46%
Unavailable
29.92%
Other
9.29%
Diversification
Total weight of top 15 holdings out of 5192
Top 15 holdings
Data as of May 31, 2026
US36202FUF16
US36179UH706
China Development Bank, 2.52% 25may2028, CNY
US31427MN493
US3132DWHT36
China Development Bank, 2.73% 11jan2028, CNY
China, Bonds 2.8% 25mar2030, CNY
US36179YRH98
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CND10009MKH9
US31418EU999
China, Bonds 2.55% 15oct2028, CNY
US36179VVX53
G2 MA8348, 5% 20oct2052, USD (ABS)
US3132A9UK14
G2 MA6867, 3.5% 20sep2050, USD (ABS)
Create a free account to view top holdings
More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Issuer
HSBC
HSBC ID Card
Number of funds
114
Total AuM
€50.81B
Expense ratio range
0.05% - 0.65%
Average expense ratio
0.2075%
Top 5 funds by HSBC
| AuM | ||
|---|---|---|
HMWO | HSBC MSCI World UCITS ETF | €13.6B |
HSPD | HSBC S&P 500 UCITS ETF | €8.58B |
HMEM | HSBC MSCI Emerging Markets UCITS ETF | €3.59B |
HMWA | HSBC MSCI World UCITS ETF | €1.93B |
HPRD | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF | €1.86B |
Frequently asked questions about HGAE
What does HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF, HGAE, invest in?
HGAE is a Passive ETF. This ETF provides exposure to Global Investment Grade Aggregate Bonds.
Which benchmark or index does HGAE replicate?
HGAE tracks the Bloomberg Global Aggregate USD Hedged Total Return Index - USD Hedged, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of HGAE?
HGAE carries a total expense ratio (TER) of 0.0999%, indicating the annual cost for holding the fund.
When was HGAE launched?
HGAE was introduced to the market on June 11, 2024. It trades on Switzerland, among other exchanges
Who is the ETF issuer of HGAE?
HSBC Global Funds ICAV - Global Aggregate Bond UCITS ETF, HGAE, is provided by HSBC. Learn more about HSBC here.
Does HGAE have multiple share classes?
Yes, HGAE 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 HGAE?
HGAE oversees €15M in assets as of July 2, 2026.
How has HGAE performed lately?
Based on data from July 2, 2026, HGAE returned 0.13% over the past month, 0.52% over the last three months and 0.08% year-to-date.
What are the latest inflows or outflows for HGAE?
As of July 2, 2026, HGAE recorded net flows of +€4.1M over the last month and +€5.8M year-to-date.
Does HGAE distribute dividends?
HGAE follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of HGAE?
As of May 31, 2026, HGAE has significant geographic allocations in USA, China and Japan.
In which sector or theme does HGAE invest in?
As of May 31, 2026, HGAE focuses largely on Sovereign, Banks and Other sectors.
How many securities does HGAE hold and how diversified is it?
As of May 31, 2026, HGAE holds 5192 positions in its portfolio, with 3.82% of assets concentrated in its top 15 holdings.
What are the main positions in HGAE?
As of May 31, 2026, HGAE top three holdings include US36202FUF16, US36179UH706 and China Development Bank, 2.52% 25may2028, CNY.
What is the base currency of HGAE?
The base currency of HGAE is EUR.
Is HGAE currency-hedged?
HGAE is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
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