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HIPS ETF · HSBC MSCI Europe Islamic Screened UCITS ETF
The HIPS Exchange Traded Fund (ETF) is provided by HSBC. It is built to track an index: MSCI Europe Islamic Universal Screened Select Index. The HIPS ETF provides physical exposure, so by buying it you actually own parts of all the 120 underlying holdings. The dividend policy is capitalization.
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This fund is part ofEurope Large and Mid Cap1M perf.-5.96%
Last price
£24.78
1M perf.
-3.67%
1M flows
+€16M
AuM
€100M
E/R
0.3%
Rating
ESG Consensus®
HIPS
£24.78
Performance & flows
Segment for quartile rank
December 11, 2025 → March 11, 2026
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HIPS
€28.81
+4.20%
Europe Large and Mid Cap
+1.15%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -3.67%  | +4.20% | +10.77%  | +40.17% | N/A | -5.31% | +3.50% | +3.50% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/11/2026
€28.81
1D NAV change
-0.45%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
120
Inception date
11/18/2022
Jurisdiction
Ireland
Distribution
Luxembourg
Netherlands
Switzerland
France
Ireland
Legal structure
Open-end Investment Company
Base currency
EUR
Classification
Product type
Benchmark
MSCI Europe Islamic Universal Screened Select Index
Asset class
Factors
N/A
Investment strategy
The Fund aims to track as closely as possible the returns of the MSCI Europe Islamic Universal Screened Select 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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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 | +4.20% | +10.77%  | +40.17% | 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
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
France
24.09%
Switzerland
18.57%
Germany
11.10%
United Kingdom
10.93%
Sweden
9.93%
Netherlands
9.58%
Denmark
4.09%
Finland
2.45%
Italy
2.36%
Other
6.90%
Sectors
Industrials
25.35%
Information Technology
19.05%
Health Care
13.79%
Consumer Staples
9.25%
Materials
8.53%
Energy
7.35%
Consumer Discretionary
6.47%
Utilities
2.57%
Unavailable
6.51%
Other
1.12%
Diversification
Total weight of top 15 holdings out of 120
Top 15 holdings
Data as of January 31, 2026
ASML HOLDING
NOVARTIS
SCHNEIDER ELECTRIC SE
ABB
SAP SE
SHELL PLC
L OREAL S.A.
ESSILORLUXOTTICA
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DK0062498333
SANOFI SA
INFINEON TECHNOLOGIES
ATLAS COPCO SR
ENGIE
AIR LIQUIDE
TOTALENERGIES SE
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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
Yes
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 HIPS 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.
HIPS’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
76.58% of holdings have positive scoring
23.42% of holdings have negative scoring
8.33%
57.59%
10.66%
7.26%
15.04%
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 Europe Islamic Universal Screened Select Index - EUR
Index ticker
NE749190 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
€44.73B
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 | €7.35B |
HMEF | HSBC MSCI Emerging Markets UCITS ETF | €3.36B |
HPRD | HSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF | €1.77B |
HMWA | HSBC MSCI World UCITS ETF | €1.54B |
Frequently asked questions about HIPS
What does HSBC MSCI Europe Islamic Screened UCITS ETF, HIPS, invest in?
HIPS is a Passive ETF. This ETF provides exposure to Large and Mid-Cap European Equities.
Which benchmark or index does HIPS replicate?
HIPS tracks the MSCI Europe Islamic Universal Screened Select Index - EUR, through a full replication replication method.
What is the Total Expense ratio (TER) of HIPS?
HIPS carries a total expense ratio (TER) of 0.3%, indicating the annual cost for holding the fund.
When was HIPS launched?
HIPS was introduced to the market on November 18, 2022. It trades on Luxembourg, among other exchanges
Who is the ETF issuer of HIPS?
HSBC MSCI Europe Islamic Screened UCITS ETF, HIPS, is provided by HSBC. Learn more about HSBC here.
What is the current assets under management (AUM) of HIPS?
HIPS oversees €100M in assets as of March 11, 2026.
How has HIPS performed lately?
Based on data from March 11, 2026, HIPS returned -3.67% over the past month, 4.20% over the last three months and 3.50% year-to-date.
What are the latest inflows or outflows for HIPS?
As of March 11, 2026, HIPS recorded net flows of +€16M over the last month and +€23M year-to-date.
Does HIPS distribute dividends?
HIPS follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of HIPS?
As of January 31, 2026, HIPS has significant geographic allocations in France, Switzerland and Germany.
In which sector or theme does HIPS invest in?
As of January 31, 2026, HIPS focuses largely on Industrials, Information Technology and Health Care.
How many securities does HIPS hold and how diversified is it?
As of January 31, 2026, HIPS holds 120 positions in its portfolio, with 49.53% of assets concentrated in its top 15 holdings.
What are the main positions in HIPS?
As of January 31, 2026, HIPS top three holdings include ASML HOLDING, NOVARTIS and SCHNEIDER ELECTRIC SE.
What is the base currency of HIPS?
The base currency of HIPS is EUR.
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