# HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSD (HEMC) **Source:** https://fundology.uk/fund/hemc · ISIN IE000KCS7J59 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (HSBC), ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 01/10/2026, HEMC (HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSD, ISIN IE000KCS7J59) closed at £14.11 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 01/10/2026 its total return was +55.7%, or +21.7% after UK CPIH inflation. ## Summary HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSD is an exchange-traded fund (ETF) from HSBC, launched in 2011. It tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.15% a year — about £15 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. Latest close: **£14.11** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HEMC | | ISIN | IE000KCS7J59 | | Category | Emerging markets | | Type | ETF | | Provider | HSBC | | Tracks | MSCI EM (Emerging Markets) | | Income | Accumulating | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £1.1bn | | Launched | 2011 | | Domicile | Ireland | ## Past returns (periods to 01/10/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +31.14% | +27.02% | income reinvested | | 3 years | +55.65% | +40.46% | income reinvested | | 5 years | +55.65% | +21.68% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSD 0.15% a year, as of 02/10/2026: 128 of the 141 other emerging-market share funds charge more, 4 the same and 9 less (share classes counted once). ## Funds tracking the same index 21 funds track MSCI EM (Emerging Markets), this one included and share classes counted once; their ongoing charges range from 0.09% to 0.55% a year (01/10/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core MSCI Emerging Markets -UCITS ETF DR- Capitalisation | 0.18% | +31.0% | +76.5% | +56.0% | | Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution | 0.24% | +30.5% | +73.7% | +54.4% | | Amundi Core MSCI Emerging Markets -UCITS ETF DR- Distribution | 0.25% | +31.2% | +76.6% | +68.4% | | Amundi MSCI Emerging Markets Swap -UCITS ETF USD C- Capitalisation | 0.20% | +31.1% | +74.4% | +55.2% | | Amundi MSCI Emerging Markets Swap II UCITS ETF Act -USD Acc- | 0.55% | +30.6% | +72.5% | +52.6% | | BNP PARIBAS EASY MSCI EMERGING Capitalisation -UCITS ETF- | 0.09% | — | — | — | | HSBC MSCI Emerging Markets UCITS ETF | 0.15% | +31.1% | +73.6% | +54.6% | | HSBC MSCI EMERGING MARKETS UCITS ETF AccumUSD (this fund) | 0.15% | +31.1% | +55.7% | +55.7% | | Invesco MSCI Emerging Markets UCITS ETF | 0.19% | +30.7% | +73.0% | +53.5% | | iShares MSCI EM UCITS ETF USD (Acc) | 0.18% | +30.8% | +76.0% | +55.7% | | iShares MSCI EM UCITS ETF USD (Dist) | 0.18% | +30.8% | +75.9% | +55.4% | | iShares VI PLC - iShares MSCI EM Swap UCITS ETF Accum- USD | 0.14% | — | — | — | | Multi Units LU - Amundi MSCI Emerging Markets II | 0.14% | +31.1% | +75.0% | — | | Multi Units LU - Amundi MSCI Emerging Markets II | 0.14% | +31.7% | +77.8% | — | | State Street SPDR MSCI Emerging Markets UCITS ETF Accum.Shs USD | 0.18% | +31.5% | +77.7% | +57.1% | | UBS (Irl) Fund Solutions PLC - UBS MSCI EM SF UCITS ETF Accum Shs USD | 0.14% | +31.5% | +77.0% | +57.1% | | UBS ETF SICAV - UBS ETF - MSCI Emerging Markets UCITS ETF A Distribution | 0.15% | +31.0% | +75.0% | +56.1% | | Xtrackers MSCI Emerging Markets Swap UCITS ETF | 0.12% | +31.9% | +52.4% | — | | Xtrackers MSCI Emerging Markets Swap UCITS ETF Capitalisation 1C | 0.12% | +30.8% | +73.4% | +53.7% | | Xtrackers MSCI Emerging Markets UCITS ETF | 0.18% | +30.8% | +74.4% | +54.9% | | Xtrackers MSCI Emerging Markets UCITS ETF USD | 0.18% | +31.4% | +77.2% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.15%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 28/09/2026, HEMC holds 985 positions, according to the holdings HSBC publishes. The largest is TSMC at 15.41% of the fund; the ten largest make up 43.7%. ### Top holdings Largest positions (as of 28/09/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 15.41% | | 2 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 7.45% | | 3 | SK hynix | [000660](https://fundology.uk/stock/000660) | 5.76% | | 4 | Capital Cash Ctrl | — | 5.74% | | 5 | Tencent | [700](https://fundology.uk/stock/700) | 2.77% | | 6 | MediaTek | [2454](https://fundology.uk/stock/2454) | 1.93% | | 7 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 1.86% | | 8 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 0.98% | | 9 | Delta Electronics | [2308](https://fundology.uk/stock/2308) | 0.94% | | 10 | MSCI Emerging Markets Index Future Dec 26 | — | 0.88% | Source: HSBC, holdings as published, as of 28/09/2026. ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By country Added up from the holdings HSBC publishes, as of 28/09/2026. | Country | Weight | |---|---| | Taiwan | 28.5% | | South Korea | 21.2% | | China | 18.8% | | India | 10.6% | | Brazil | 3.9% | | South Africa | 2.5% | | Saudi Arabia | 2.3% | | United States | 2.0% | | Other countries | 10.2% | | Not classified | 6.9% | All 985 holdings: https://fundology.uk/fund/hemc/holdings ## Questions people ask **What is the ongoing charge of HEMC?** The ongoing charge of HEMC is 0.15% a year — about £15 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 EMERGING MARKETS UCITS ETF AccumUSD 0.15% a year, as of 02/10/2026: 128 of the 141 other emerging-market share funds charge more, 4 the same and 9 less (share classes counted once). **What does HEMC track?** HEMC tracks the MSCI EM (Emerging Markets) — companies in emerging economies such as China, India, Taiwan and Brazil. **Is HEMC accumulating or distributing?** HEMC 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 HEMC?** The ISIN of HEMC is IE000KCS7J59. An ISIN identifies one exact share class of a fund; HEMC is its ticker on the London Stock Exchange. **What does HEMC hold?** As of 28/09/2026, HEMC holds 985 positions, according to the holdings HSBC publishes. The largest is TSMC at 15.41% of the fund; the ten largest make up 43.7%. Its ten largest holdings are TSMC (15.41%), Samsung Electronics (7.45%), SK hynix (5.76%), Capital Cash Ctrl (5.74%), Tencent (2.77%), MediaTek (1.93%), Alibaba Group (1.86%), Samsung Electronics (0.98%), Delta Electronics (0.94%) and MSCI Emerging Markets Index Future Dec 26 (0.88%). **How has HEMC done after inflation?** Over the five years to 01/10/2026 HEMC’s total return was +55.7%, or +21.7% after UK CPIH inflation. Past performance is not a guide to future returns. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.