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HMEF ETF · HSBC MSCI Emerging Markets UCITS ETF
The HMEF Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: MSCI Emerging Markets Index. The HMEF ETF provides physical exposure, so by buying it you actually own parts of all the 1,204 underlying holdings. This share class generates a stream of income by distributing dividends.
Share class
Dist
USD
Last update Yesterday at 8:00 AM UTC
LIVE
CLOSED
This fund is part ofEmerging Market Blended Cap1M perf.-2.43%
Last price
£1,113.50
1M perf.
-2.73%
1M flows
+€103M
AuM
€3.33B
E/R
0.15%
Rating
ESG Consensus®
HMEF
£1,113.50
Performance & flows
Segment for quartile rank
December 10, 2025 → March 10, 2026
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HMEF
$14.96
+9.19%
Emerging Market Blended Cap
+8.72%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.73%  | +9.19% | +37.69%  | +67.70% | +26.66%  | -6.48% | +7.37% | +7.37% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/10/2026
$14.96
1D NAV change
+3.40%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
1204
Inception date
9/5/2011
Jurisdiction
Ireland
Distribution
Portugal
Denmark
Austria
Spain
Singapore (Qualified Investor)
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
€4.22B
Decimalisation of shares
No
Investment strategy
The investment objective of the Fund is to replicate the performance of the MSCI Emerging Markets 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 the largest companies in Brazil, Chile, China (accessed via H Shares listed and traded on the Hong Kong Stock Exchange and B Shares listed and traded on the Shanghai and Shenzhen Stock Exchanges), Columbia, Czech Republic, Egypt, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, Taiwan, Thailand and Turkey, as defined by the Index Provider.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Built for professionals: access exclusive fund metrics and selection tools in Trackinsight Enterprise.
Enterprise Fund page features include:
Legal documents
Powerful buy-list integration
Fund data exports
Advanced risk metrics
Advanced replication analysis
Advanced exposure look-through
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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
HEMA
1M perf.
-2.73%
E/R
0.15%
IEMA
1M perf.
-2.86%
E/R
0.18%
IDEM
1M perf.
-2.85%
E/R
0.18%
IEM
1M perf.
-4.86%
E/R
0.72%
1681
1M perf.
-3.88%
E/R
0.24%
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +9.19% | +37.69% | +67.70% | +26.66%  |
| 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
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
Taiwan
20.80%
Republic of Korea
15.66%
Cayman Islands
14.75%
India
13.34%
China
10.25%
USA
3.74%
South Africa
3.28%
Saudi Arabia
2.90%
Mexico
1.96%
Other
13.32%
Sectors
Information Technology
30.30%
Financials
19.50%
Consumer Discretionary
10.57%
Communication Services
8.41%
Materials
6.25%
Industrials
6.00%
Energy
3.15%
Consumer Staples
2.86%
Unavailable
7.48%
Other
5.49%
Diversification
Total weight of top 15 holdings out of 1204
Top 15 holdings
Data as of January 31, 2026
TWN SEMICONT MAN
SAMSUNG ELECTR
TENCENT HOLDINGS
ALIBABA GROUP HOLDING LTD
SK HYNIX
HDFC BANK
CHINA CONSTRUCTION BANK
RELIANCE INDUSTRIES
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HON HAI PRECISION INDUSTRY
MEDIATEK INC
XIAOMI CORP
ICICI BANK
DELTA ELECTRONIC
PINDUODUO INC ADR
SAMSUNG ELEC-1P PRF
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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 HMEF 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.
HMEF’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
69.74% of holdings have positive scoring
30.26% of holdings have negative scoring
17.16%
36.17%
16.41%
23.02%
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 Emerging Markets Net Total Return Index - USD
Index ticker
NDUEEGF 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
€44.63B
Expense ratio range
0.05% - 0.65%
Average expense ratio
0.2076%
Top 5 funds by HSBC
| AuM | ||
|---|---|---|
HMWO | HSBC MSCI World UCITS ETF | €12.36B |
HSPD | HSBC S&P 500 UCITS ETF | €7.33B |
HMEF | HSBC MSCI Emerging Markets UCITS ETF | €3.33B |
HPRD | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF | €1.79B |
HMWA | HSBC MSCI World UCITS ETF | €1.53B |
Frequently asked questions about HMEF
What does HSBC MSCI Emerging Markets UCITS ETF, HMEF, invest in?
HMEF is a Passive ETF. This ETF provides exposure to Large and Mid-Cap Emerging markets Equities.
Which benchmark or index does HMEF replicate?
HMEF tracks the MSCI Emerging Markets Net Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of HMEF?
HMEF carries a total expense ratio (TER) of 0.15%, indicating the annual cost for holding the fund.
When was HMEF launched?
HMEF was introduced to the market on September 5, 2011. It trades on Portugal, among other exchanges
Who is the ETF issuer of HMEF?
HSBC MSCI Emerging Markets UCITS ETF, HMEF, is provided by HSBC. Learn more about HSBC here.
Does HMEF have multiple share classes?
Yes, HMEF 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 HMEF?
HMEF oversees €3.33B in assets as of March 10, 2026.
How has HMEF performed lately?
Based on data from March 10, 2026, HMEF returned -2.73% over the past month, 9.19% over the last three months and 7.37% year-to-date.
What are the latest inflows or outflows for HMEF?
As of March 10, 2026, HMEF recorded net flows of +€102M over the last month and +€279M year-to-date.
Does HMEF distribute dividends?
HMEF follows a distributing dividend policy, meaning it pays out income to investors. As of March 10, 2026, its 12-month trailing yield was 1.94%.
What are the main country or region exposures of HMEF?
As of January 31, 2026, HMEF has significant geographic allocations in Taiwan, Republic of Korea and Cayman Islands.
In which sector or theme does HMEF invest in?
As of January 31, 2026, HMEF focuses largely on Information Technology, Financials and Consumer Discretionary.
How many securities does HMEF hold and how diversified is it?
As of January 31, 2026, HMEF holds 1204 positions in its portfolio, with 35.81% of assets concentrated in its top 15 holdings.
What are the main positions in HMEF?
As of January 31, 2026, HMEF top three holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and TENCENT HOLDINGS.
What is the base currency of HMEF?
The base currency of HMEF is USD.
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