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HIEM ETF · HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF
The HIEM Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: MSCI EM (Emerging Market) Islamic Universal Screened Select Capped Index. The HIEM ETF provides physical exposure, so by buying it you actually own parts of all the 356 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.-3.96%
Last price
$30.84
1M perf.
-9.64%
1M flows
N/A
AuM
€152M
TER
0.35%
Rating
Not rated
HIEM
$30.84
Performance & flows
Segment for quartile rank
April 2, 2026 → July 2, 2026
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HIEM
$29.35
+43.90%
Emerging Market Blended Cap
+18.49%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -9.64%  | +43.90%  | +96.64% | +117.88% | N/A | -5.89% | -5.89% | +59.10% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
7/2/2026
$29.35
1D NAV change
-4.69%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
356
Inception date
1/12/2023
Jurisdiction
Ireland
Distribution
United Kingdom
Switzerland
Netherlands
Ireland
Luxembourg
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 EM (Emerging Market) Islamic Universal Screened Select Capped 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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ISDE
1M perf.
-9.24%
TER
0.35%
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +43.90% | +96.64% | +117.88% | 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
Republic of Korea
42.31%
Taiwan
20.18%
India
8.45%
China
7.57%
Saudi Arabia
4.74%
South Africa
3.07%
Hong Kong
2.97%
Mexico
2.20%
Brazil
1.70%
Other
6.81%
Sectors
Technology
59.40%
Non-Energy Materials
10.38%
Finance
6.15%
Industrials
6.14%
Energy
5.56%
Healthcare
3.56%
Consumer Cyclicals
3.22%
Consumer Non-Cyclicals
3.19%
Other
2.39%
Diversification
Total weight of top 15 holdings out of 356
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:
Not rated
1-year trailing difference
As of June 30, 2026
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HIEM
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
€50.81B
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 HIEM
What does HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF, HIEM, invest in?
HIEM is a Passive ETF. This ETF provides exposure to Large and Mid-Cap Emerging markets Equities.
Which benchmark or index does HIEM replicate?
HIEM tracks the MSCI EM (Emerging Market) Islamic Universal Screened Select Capped Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of HIEM?
HIEM carries a total expense ratio (TER) of 0.35%, indicating the annual cost for holding the fund.
When was HIEM launched?
HIEM was introduced to the market on January 12, 2023. It trades on United Kingdom, among other exchanges
Who is the ETF issuer of HIEM?
HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF, HIEM, is provided by HSBC. Learn more about HSBC here.
What is the current assets under management (AUM) of HIEM?
HIEM oversees €152M in assets as of July 2, 2026.
How has HIEM performed lately?
Based on data from July 2, 2026, HIEM returned -9.64% over the past month, 43.90% over the last three months and 59.10% year-to-date.
What are the latest inflows or outflows for HIEM?
As of July 2, 2026, HIEM recorded net flows of +€18M year-to-date.
Does HIEM distribute dividends?
HIEM follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of HIEM?
As of May 31, 2026, HIEM has significant geographic allocations in Republic of Korea, Taiwan and India.
In which sector or theme does HIEM invest in?
As of May 31, 2026, HIEM focuses largely on Technology, Non-Energy Materials and Finance.
How many securities does HIEM hold and how diversified is it?
As of May 31, 2026, HIEM holds 356 positions in its portfolio, with 58.51% of assets concentrated in its top 15 holdings.
What are the main positions in HIEM?
As of May 31, 2026, HIEM top three holdings include SK hynix, Inc., Samsung Electronics Co., Ltd. and Delta Electronics, Inc..
What is the base currency of HIEM?
The base currency of HIEM is USD.
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