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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 1,210 underlying holdings. This share class generates a stream of income by distributing dividends.
Share class
Dist
USD
Last update Today at 10:01 AM UTC
LIVE
CLOSED
This fund is part ofEmerging Market Blended Cap1M perf.+10.10%
Last price
£1,174.23
-1.51%
1M perf.
+13.70%
1M flows
-€73M
AuM
€3.39B
E/R
0.15%
Rating
ESG Consensus®
HMEF
£1,174.23
-1.51%
Performance & flows
Segment for quartile rank
January 21, 2026 → April 21, 2026
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HMEF
$16.10
+9.50%
Emerging Market Blended Cap
+9.61%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +13.70%  | +9.50%  | +53.11% | +75.23% | +34.75% | +15.37% | +15.37% | +15.56% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
4/21/2026
$16.10
1D NAV change
+0.90%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
1210
Inception date
9/5/2011
Jurisdiction
Ireland
Distribution
Denmark
Austria
Finland
France
Germany
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
€4.38B
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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HEMA
1M perf.
+13.70%
E/R
0.15%
EEM
1M perf.
+11.17%
E/R
0.72%
ZEM
1M perf.
+11.27%
E/R
0.27%
XEM
1M perf.
+8.06%
E/R
0.83%
EMMX
1M perf.
+13.23%
E/R
0.28%
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +9.50% | +53.11% | +75.23% | +34.75%  |
| 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
Taiwan
22.23%
Republic of Korea
18.02%
India
12.84%
Cayman Islands
12.51%
China
9.95%
USA
3.74%
South Africa
3.31%
Saudi Arabia
2.57%
Mexico
1.97%
Other
12.85%
Sectors
Information Technology
33.26%
Financials
18.82%
Consumer Discretionary
9.59%
Communication Services
7.13%
Materials
6.27%
Industrials
6.15%
Energy
3.07%
Consumer Staples
2.73%
Unavailable
7.67%
Other
5.30%
Diversification
Total weight of top 15 holdings out of 1210
Top 15 holdings
Data as of February 28, 2026
TWN SEMICONT MAN
SAMSUNG ELECTR
TENCENT HOLDINGS
SK HYNIX
ALIBABA GROUP HOLDING LTD
HDFC BANK
CHINA CONSTRUCTION BANK
HON HAI PRECISION INDUSTRY
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MEDIATEK INC
RELIANCE INDUSTRIES
DELTA ELECTRONIC
SAMSUNG ELEC-1P PRF
ICICI BANK
XIAOMI CORP
PINDUODUO INC ADR
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of February 27, 2026
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 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
71.49% of holdings have positive scoring
28.51% of holdings have negative scoring
19.04%
34.07%
18.38%
21.22%
Consensus levels
Strong
Medium
Weak
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of March 31, 2026
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HMEF
N/A
Replication quality
Calculated over 12m, as of March 31, 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
€46.45B
Expense ratio range
0.05% - 0.65%
Average expense ratio
0.2079%
Top 5 funds by HSBC
| AuM | ||
|---|---|---|
HMWO | HSBC MSCI World UCITS ETF | €12.65B |
HSPD | HSBC S&P 500 UCITS ETF | €7.45B |
HMEF | HSBC MSCI Emerging Markets UCITS ETF | €3.39B |
HPRD | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF | €1.87B |
HMWA | HSBC MSCI World UCITS ETF | €1.64B |
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 Denmark, 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 €3.39B in assets as of April 21, 2026.
How has HMEF performed lately?
Based on data from April 21, 2026, HMEF returned 13.70% over the past month, 9.50% over the last three months and 15.56% year-to-date.
What are the latest inflows or outflows for HMEF?
As of April 21, 2026, HMEF recorded net flows of -€74M over the last month and +€127M year-to-date.
Does HMEF distribute dividends?
HMEF follows a distributing dividend policy, meaning it pays out income to investors. As of April 21, 2026, its 12-month trailing yield was 1.80%.
What are the main country or region exposures of HMEF?
As of February 28, 2026, HMEF has significant geographic allocations in Taiwan, Republic of Korea and India.
In which sector or theme does HMEF invest in?
As of February 28, 2026, HMEF focuses largely on Information Technology, Financials and Consumer Discretionary.
How many securities does HMEF hold and how diversified is it?
As of February 28, 2026, HMEF holds 1210 positions in its portfolio, with 36.74% of assets concentrated in its top 15 holdings.
What are the main positions in HMEF?
As of February 28, 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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