ETF · HSBC
HEVS HSBC MSCI Emerging Markets Value Screened UCITS ETF
ISIN IE000NVVIF88London Stock Exchange: HEVSHSBC Holdings Plc
- Emerging markets
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£18.66
on
- Ongoing charge
- 0.40% a year
- Fund size
- £107m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HEVS (HSBC MSCI Emerging Markets Value Screened UCITS ETF, ISIN IE000NVVIF88) closed at £18.66 on the London Stock Exchange. Its ongoing charge is 0.40% a year (about £40 on £10,000). Over the three years to 13/11/2026 its price changed by +95.1%, or +76.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +30.1%
- +25.5% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +95.1%
- +76.2% after inflation (UK CPIH)
Returns: as reported (delayed data) and worked out from recorded daily closes. 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 Emerging Markets Value Screened UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund): 2023 +9.6%, 2024 +13.5%, 2025 +29.6%; 2026 to 13/11/2026 +27.4%. Returns of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +49.1%; to 30/09/2025: +20.6%; to 30/09/2024: +19.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +27.4% | +23.3% | |
| to | +29.6% | +25.2% | |
| to | +13.5% | +9.6% | |
| +9.6% | +5.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +49.1% | +43.8% |
| from | +20.6% | +15.9% |
| from | +19.4% | +16.4% |
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)
16.7%over 3 years
| 1 year | 21.5% |
|---|---|
| 3 years | 16.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since December 2022
- −13.2%
- From to
- Lowest 12-month return
- −3.6%
- 12 months to
- Highest 12-month return
- +78.2%
- 12 months to
- Below its highest weekly close since December 2022
- 9.6%
- High of , latest
In words: Volatility of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD in pounds, annualised from weekly returns to 13/11/2026: 21.5% over 1 year, 16.7% over 3 years. Largest fall in the price of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD since December 2022, in pounds: −13.2% from 21/02/2025 to 11/04/2025. The lowest 12-month return of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) since December 2022 was −3.6% (12 months to 19/01/2024); the highest was +78.2% (12 months to 19/06/2026). On 13/11/2026 the price of HSBC MSCI Emerging Markets Value Screened UCITS ETF Accum Shs USD was 9.6% below its highest weekly close since December 2022 (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 Emerging Markets Value Screened UCITS ETF Accum Shs 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 Emerging Markets Value Screened UCITS ETF Accum Shs USD is an exchange-traded fund (ETF) from HSBC, launched in 2022.
It tracks the MSCI Emerging Markets Value Select Screens Advanced Index - Benchmark TR Net — 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 0.4% 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.
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 incomeShare classISIN
Key facts
- Ticker
- HEVS
- ISIN
- IE000NVVIF88
- Also listed as
- HEMV (London Stock Exchange, US dollars), H41E (Xetra, euros)
- Provider
- HSBC
- Tracks
- MSCI Emerging Markets Value Select Screens Advanced Index
- 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
- £107m
- 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
- No
- Price currency
- Pounds (GBP)
- Category
- Emerging markets
Price chart
Over the last year, the closing price went from £14.42 on 14/11/2025 to £18.66 on 13/11/2026 (+29.4%). The lowest close shown was £13.98 on 12/12/2025 and the highest £20.64 on 19/06/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
203 weekly closes, from 09/12/2022 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
- 202
- 203 reported in all
- Ten largest
- 42.8%
- of the whole fund
- Effective number of holdings
- 28
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 14.7%
- TSMC
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | TSMC2330Taiwan | 14.73% |
| 2 | Samsung Electronics005930South Korea | 5.84% |
| 3 | SK hynix000660South Korea | 5.37% |
| 4 | China Construction Bank · Class H601939China | 3.56% |
| 5 | Industrial and Commercial Bank of China · Class H601398China | 2.82% |
| 6 | Samsung Electronics005930South Korea | 2.72% |
| 7 | Bank of China · Class H601988China | 2.05% |
| 8 | Emaar Properties PJSCUnited Arab Emirates | 2.03% |
| 9 | Axis BankAXISBANKIndia | 1.87% |
| 10 | InfosysINFYIndia | 1.77% |
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
- China28.3%
- Taiwan27.1%
- South Korea17.5%
- India10.0%
- South Africa3.7%
- Saudi Arabia2.5%
- Brazil2.3%
- United Arab Emirates2.3%
- Other countries5.4%
- Not classified0.9%
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 and what changed since .
More of the portfolio
The fund publishes 203 holdings; the ten largest make up 42.8% 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. 91.2% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Electronic Technology37.4%
- Finance26.2%
- Technology Services6.6%
- Communications4.6%
- Health Technology4.0%
- Non-Energy Minerals3.4%
- Consumer Durables2.3%
- Retail Trade2.3%
- Other classified sectors4.4%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 151 rolling 12-month returns since December 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since December 2022, 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, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1 year among up to 142 emerging-market share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 13/11/2026 (151 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of HEVS?
The ongoing charge of HEVS 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 Emerging Markets Value Screened UCITS ETF Accum Shs 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 HEVS track?
HEVS tracks the MSCI Emerging Markets Value Select Screens Advanced Index - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil.
Is HEVS accumulating or distributing?
HEVS 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 HEVS?
The ISIN of HEVS is IE000NVVIF88. An ISIN identifies one exact share class of a fund; HEVS is its ticker on the London Stock Exchange. The same share class is also listed as HEMV (London Stock Exchange, US dollars) and H41E (Xetra, euros).
What does HEVS hold?
As of 06/11/2026, HEVS holds 203 positions, according to its published holdings. The largest is TSMC at 14.73% of the fund; the ten largest make up 42.8%. Its ten largest holdings are TSMC (14.73%), Samsung Electronics (5.84%), SK hynix (5.37%), China Construction Bank · Class H (3.56%), Industrial and Commercial Bank of China · Class H (2.82%), Samsung Electronics (2.72%), Bank of China · Class H (2.05%), Emaar Properties PJSC (2.03%), Axis Bank (1.87%) and Infosys (1.77%).
What were HEVS’s returns in each of the last five years?
Calendar-year returns of HEVS in pounds (price, with income reinvested in the fund): 2023 +9.6%, 2024 +13.5%, 2025 +29.6%; 2026 to 13/11/2026 +27.4%. Past performance is not a guide to future returns.
How has HEVS done after inflation?
Over the three years to 13/11/2026 HEVS’s price changed by +95.1%, or +76.2% after UK CPIH inflation. Past performance is not a guide to future returns.
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- SEMAiShares MSCI EM UCITS ETF USD (Acc)0.18% a year · £7.6bn
- IEEMiShares MSCI EM UCITS ETF USD (Dist)0.18% a year · £7.0bn
- EDG2iShares MSCI EM CTB Enhanced ESG UCITS ETF0.23% a year · £6.0bn
- CEA1iShares MSCI EM Asia UCITS ETF0.20% a year · £5.8bn
- E127Multi Units LU - Amundi MSCI Emerging Markets II0.14% a year · £4.5bn
- LEMAMulti Units LU - Amundi MSCI Emerging Markets II Acc0.14% a year · £4.4bn
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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