# HSBC MSCI Emerging Markets Value Screened UCITS ETF (HEVS) **Page:** https://fundology.uk/fund/hevs · ISIN IE000NVVIF88 ## 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 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. ## Summary 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. Latest close: **£18.66** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HEVS | | ISIN | IE000NVVIF88 | | Also listed as | HEMV (London Stock Exchange, US dollars), H41E (Xetra, euros) | | Category | Emerging markets | | Type | ETF | | Provider | HSBC | | Tracks | MSCI Emerging Markets Value Select Screens Advanced Index - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.40% a year (£40 per £10,000) | | Fund size | £107m | | Launched | 2022 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2022 | ## Past returns (periods to 13/11/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +30.12% | +25.51% | income reinvested | | 3 years | +95.06% | +76.24% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2023 | +9.6% | +5.2% | Price | | 2024 | +13.5% | +9.6% | Price | | 2025 | +29.6% | +25.2% | Price | | 2026 to 13/11/2026 | +27.4% | +23.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 21.46% | -12.05% | | 3 years | 16.71% | -13.15% | ## Largest fall 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. ## Charges compared with similar funds 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). ## Charges & eligibility - Ongoing charges figure (OCF): **0.40%** per year - Stocks and shares ISA eligible: usually (check with your platform) - SIPP eligible: usually (check with your provider) - ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify. ## What it holds 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%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 14.73% | | 2 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 5.84% | | 3 | SK hynix | [000660](https://fundology.uk/stock/000660) | 5.37% | | 4 | China Construction Bank · Class H | [601939](https://fundology.uk/stock/601939) | 3.56% | | 5 | Industrial and Commercial Bank of China · Class H | [601398](https://fundology.uk/stock/601398) | 2.82% | | 6 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 2.72% | | 7 | Bank of China · Class H | [601988](https://fundology.uk/stock/601988) | 2.05% | | 8 | Emaar Properties PJSC | — | 2.03% | | 9 | Axis Bank | [AXISBANK](https://fundology.uk/stock/AXISBANK) | 1.87% | | 10 | Infosys | [INFY](https://fundology.uk/stock/INFY) | 1.77% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country Added up from the fund’s published holdings, as of 03/11/2026. | Country | Weight | |---|---| | Taiwan | 28.2% | | China | 26.5% | | South Korea | 19.9% | | India | 9.3% | | South Africa | 3.4% | | Saudi Arabia | 2.4% | | Brazil | 2.2% | | United Arab Emirates | 2.1% | | Other countries | 5.2% | | Not classified | 0.9% | The 202 holdings on record (of 203 reported): https://fundology.uk/fund/hevs/holdings ## 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. ## Fund documents - [Fund page at HSBC Asset Management](https://www.assetmanagement.hsbc.co.uk/en/individual-investor/funds/ie000nvvif88) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000nvvif88/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie000nvvif88/gb/en/factsheet) - Links checked 12/10/2026. --- 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.