ETF · HSBC
HCAU HSBC MSCI China A UCITS ETF AccumHedged USD
ISIN IE0007HPIXG8London Stock Exchange: HCAUHSBC Holdings Plc
- Emerging markets
- ETF
- ISA
- SIPP
- Accumulating
- USD hedged
Latest close
LSE$10.80
on
- Ongoing charge
- 0.40% a year
- Fund size
- £510k
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HCAU (HSBC MSCI China A UCITS ETF AccumHedged USD, ISIN IE0007HPIXG8) closed at $10.80 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the year to 13/11/2026 its total return was −11.2%, or −14.3% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −11.2%
- −14.3% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of HSBC MSCI China A UCITS ETF AccumHedged USD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −10.8%. Returns of HSBC MSCI China A UCITS ETF AccumHedged USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −10.8% | −13.6% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −2.0% | −5.5% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
15.0%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since May 2025
- −20.7%
- From to
- Below its highest weekly close since May 2025
- 19.1%
- High of , latest
In words: Volatility of HSBC MSCI China A UCITS ETF AccumHedged USD in pounds, annualised from weekly returns to 13/11/2026: 15.0% over 1 year. Largest fall in the price of HSBC MSCI China A UCITS ETF AccumHedged USD since May 2025, in pounds: −20.7% from 19/06/2026 to 30/10/2026. On 13/11/2026 the price of HSBC MSCI China A UCITS ETF AccumHedged USD was 19.1% below its highest weekly close since May 2025 (19/06/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.40%
- a year
- On £10,000
- £40
- a year, roughly
- Over five years
- £198
- of £10,000, before growth
- 75 charge less
- 6 the same
- 70 charge more
Ongoing charge of HSBC MSCI China A UCITS ETF AccumHedged USD 0.40% a year. Compared on 14/11/2026, 70 of the 151 other emerging-market share funds charge more, 6 the same and 75 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
HSBC MSCI China A UCITS ETF AccumHedged USD is an exchange-traded fund (ETF) from HSBC, launched in 2025.
It tracks the MSCI China A Inclusion Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.4% a year — about £40 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- HCAU
- ISIN
- IE0007HPIXG8
- Provider
- HSBC
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.40% a year · about £40 on £10,000
- Fund size
- £510k
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to US dollars
- Price currency
- USD
- Category
- Emerging markets
Price chart
Over the last year, the closing price went from $12.20 on 14/11/2025 to $10.80 on 13/11/2026 (−11.5%). The lowest close shown was $10.72 on 30/10/2026 and the highest $13.35 on 19/06/2026.
One close a week. Before 21/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Weeks missing from our record are filled from the same history.
As of , at least 15 min delayed
Five years of prices, and after inflation
76 weekly closes, from 30/05/2025 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 396
- on record
- Ten largest
- 20.4%
- of the whole fund
- Effective number of holdings
- 123
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 5.0%
- Kweichow Moutai · Class A
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Kweichow Moutai · Class A600519China | 5.03% |
| 2 | Contemporary Amperex Technology · Class A300750China | 2.89% |
| 3 | China Merchants Bank · Class A600036China | 2.36% |
| 4 | China Yangtze Power · Class A600900China | 1.94% |
| 5 | Byd · Class A002594China | 1.68% |
| 6 | Ping An Insurance (Group) Company of China · Class A601318China | 1.51% |
| 7 | Wuliangye Yibin · Class A000858China | 1.29% |
| 8 | Agricultural Bank of China · Class A601288China | 1.24% |
| 9 | Industrial Bank · Class A601166China | 1.24% |
| 10 | Industrial and Commercial Bank of China · Class A601398China | 1.17% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- China98.7%
- Singapore0.6%
- Not classified0.7%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest.
More of the portfolio
The fund publishes 396 holdings; the ten largest make up 20.4% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Sector split
As a share of the whole fund. 99.2% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Finance23.6%
- Producer Manufacturing14.2%
- Electronic Technology10.8%
- Consumer Non-Durables10.3%
- Health Technology5.9%
- Process Industries5.3%
- Utilities4.9%
- Non-Energy Minerals4.5%
- Other classified sectors19.8%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
5 funds track MSCI China A Inclusion Index, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.46% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC MSCI China A UCITS ETF AccumHedged USDThis fundAccumulating · Currency hedged · 0.40% a year | 0.40% | −11.2% | Not reported | Not reported |
| HSBC MSCI China A UCITS ETF AccumUSDAccumulating · 0.30% a year | 0.30% | −7.1% | +7.1% | Not reported |
| HSBC MSCI China A UCITS ETF USDDistributing · 0.30% a year | 0.30% | −7.6% | +17.4% | −14.4% |
| iShares MSCI China A UCITS ETFAccumulating · 0.40% a year | 0.40% | −7.7% | +17.2% | −15.2% |
| Xtrackers MSCI China A UCITS ETF Capitalisation -1C-Accumulating · 0.46% a year | 0.46% | −7.7% | +28.9% | −4.9% |
As of
MSCI China A Inclusion funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The 3 largest falls since May 2025, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of HCAU?
The ongoing charge of HCAU is 0.40% a year — about £40 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of HSBC MSCI China A UCITS ETF AccumHedged USD 0.40% a year. Compared on 14/11/2026, 70 of the 151 other emerging-market share funds charge more, 6 the same and 75 less (share classes counted once).
What does HCAU track?
HCAU tracks the MSCI China A Inclusion Index.
Is HCAU accumulating or distributing?
HCAU is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of HCAU?
The ISIN of HCAU is IE0007HPIXG8. An ISIN identifies one exact share class of a fund; HCAU is its ticker on the London Stock Exchange.
What does HCAU hold?
The latest published holdings of HCAU are dated 02/06/2025, more than three months older than the manager’s other lists. The fund’s portfolio today may differ. Its ten largest holdings are Kweichow Moutai · Class A (5.03%), Contemporary Amperex Technology · Class A (2.89%), China Merchants Bank · Class A (2.36%), China Yangtze Power · Class A (1.94%), Byd · Class A (1.68%), Ping An Insurance (Group) Company of China · Class A (1.51%), Wuliangye Yibin · Class A (1.29%), Agricultural Bank of China · Class A (1.24%), Industrial Bank · Class A (1.24%) and Industrial and Commercial Bank of China · Class A (1.17%).
What were HCAU’s returns in each of the last five years?
Calendar-year returns of HCAU in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 −10.8%. Past performance is not a guide to future returns.
How has HCAU done after inflation?
Over the year to 13/11/2026 HCAU’s total return was −11.2%, or −14.3% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at HSBC Asset Management · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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