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HMCD ETF · HSBC MSCI CHINA UCITS ETF
The HMCD Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: MSCI China Index. The HMCD ETF provides physical exposure, so by buying it you actually own parts of all the 559 underlying holdings. This share class generates a stream of income by distributing dividends.
Share class
Dist
USD
Last update Today at 3:12 PM UTC
LIVE
CLOSED
This fund is part ofChina Blended Cap1M perf.-2.15%
Last price
$8.05
-0.06%
1M perf.
-3.39%
1M flows
-€69M
AuM
€920M
E/R
0.28%
Rating
ESG Consensus®
HMCD
$8.05
-0.06%
Performance & flows
Segment for quartile rank
December 16, 2025 → March 16, 2026
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HMCD
$8.06
-1.28%
China Blended Cap
+0.98%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -3.39%  | -1.28% | +5.26% | +37.10%  | -21.12% | -1.30% | -2.65% | -2.65% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/16/2026
$8.06
1D NAV change
+1.32%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
559
Inception date
1/26/2011
Jurisdiction
Ireland
Distribution
Netherlands
Singapore (Qualified Investor)
Mexico
United Kingdom
Switzerland
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
€1.03B
Decimalisation of shares
No
Investment strategy
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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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 EnterpriseSimilar ETFs
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -1.28% | +5.26% | +37.10% | -21.12%  |
| 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
Built for professionals: access exclusive risk 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 EnterpriseExposure
Countries
Cayman Islands
51.84%
China
38.88%
USA
4.42%
Hong Kong
3.16%
Other
1.71%
Sectors
Consumer Discretionary
27.41%
Communication Services
21.89%
Financials
17.55%
Information Technology
7.15%
Materials
5.52%
Industrials
4.12%
Health Care
3.60%
Energy
2.81%
Unavailable
4.04%
Other
5.91%
Diversification
Total weight of top 15 holdings out of 559
Top 15 holdings
Data as of January 31, 2026
TENCENT HOLDINGS
ALIBABA GROUP HOLDING LTD
CHINA CONSTRUCTION BANK
XIAOMI CORP
PINDUODUO INC ADR
PING AN
MEITUAN
INDUSTRIAL COMMERC BK CHINA
Create a free account to view top holdings
BYD
NETEASE INC
BAIDU
BANK OF CHINA
TRIP.COM GROUP
JD.COM INC
CHINA LIFE
Create a free account to view top holdings
Built for professionals: access exclusive exposure 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 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 HMCD 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.
HMCD’s has a Final Sustainability Grade of either C+, C, C-, or D.
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
59.66% of holdings have positive scoring
40.35% of holdings have negative scoring
5.75%
46.96%
6.95%
35.71%
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 China Index - USD
Index ticker
NDEUCHF 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
€44.04B
Expense ratio range
0.05% - 0.65%
Average expense ratio
0.2076%
Top 5 funds by HSBC
| AuM | ||
|---|---|---|
HMWO | HSBC MSCI World UCITS ETF | €12.27B |
HSPD | HSBC S&P 500 UCITS ETF | €7.15B |
HMEF | HSBC MSCI Emerging Markets UCITS ETF | €3.24B |
HPRD | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF | €1.75B |
HMWA | HSBC MSCI World UCITS ETF | €1.53B |
Frequently asked questions about HMCD
What does HSBC MSCI CHINA UCITS ETF, HMCD, invest in?
HMCD is a Passive ETF. This ETF provides exposure to Large and Mid-Cap Chinese Equities.
Which benchmark or index does HMCD replicate?
HMCD tracks the MSCI Daily Net Total Return China Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of HMCD?
HMCD carries a total expense ratio (TER) of 0.28%, indicating the annual cost for holding the fund.
When was HMCD launched?
HMCD was introduced to the market on January 26, 2011. It trades on Netherlands, among other exchanges
Who is the ETF issuer of HMCD?
HSBC MSCI CHINA UCITS ETF, HMCD, is provided by HSBC. Learn more about HSBC here.
Does HMCD have multiple share classes?
Yes, HMCD 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 HMCD?
HMCD oversees €920M in assets as of March 16, 2026.
How has HMCD performed lately?
Based on data from March 16, 2026, HMCD returned -3.39% over the past month, -1.28% over the last three months and -2.65% year-to-date.
What are the latest inflows or outflows for HMCD?
As of March 16, 2026, HMCD recorded net flows of -€69M over the last month and -€146M year-to-date.
Does HMCD distribute dividends?
HMCD follows a distributing dividend policy, meaning it pays out income to investors. As of March 16, 2026, its 12-month trailing yield was 2.05%.
What are the main country or region exposures of HMCD?
As of January 31, 2026, HMCD has significant geographic allocations in Cayman Islands, China and USA.
In which sector or theme does HMCD invest in?
As of January 31, 2026, HMCD focuses largely on Consumer Discretionary, Communication Services and Financials.
How many securities does HMCD hold and how diversified is it?
As of January 31, 2026, HMCD holds 559 positions in its portfolio, with 53.33% of assets concentrated in its top 15 holdings.
What are the main positions in HMCD?
As of January 31, 2026, HMCD top three holdings include TENCENT HOLDINGS, ALIBABA GROUP HOLDING LTD and CHINA CONSTRUCTION BANK.
What is the base currency of HMCD?
The base currency of HMCD is USD.
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