# HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF (HIES)

**Page:** https://fundology.uk/fund/hies · ISIN IE0009BC6K22

## 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, HIES (HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF, ISIN IE0009BC6K22) closed at £18.78 on the London Stock Exchange. Its ongoing charge is 0.46% a year (about £46 on £10,000). Over the three years to 13/11/2026 its total return was +87.7%, or +69.6% after UK CPIH inflation.

## Summary

HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD is an exchange-traded fund (ETF) from HSBC, launched in 2023. It tracks the MSCI EM Emerging Market Islamic Universal Screened Select Capped 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 0.46% a year — about £46 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: **£18.78** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HIES |
| ISIN | IE0009BC6K22 |
| Also listed as | HIEM (London Stock Exchange, US dollars) |
| Category | Emerging markets |
| Type | ETF |
| Provider | HSBC |
| Tracks | MSCI EM Emerging Market Islamic Universal Screened Select Capped Index - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.46% a year (£46 per £10,000) |
| Fund size | £124m |
| Launched | 2023 |
| 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 | +42.89% | +37.83% | income reinvested |
| 3 years | +87.72% | +69.60% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund): 2024 −2.7%, 2025 +33.1%; 2026 to 13/11/2026 +34.0%. Returns of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +78.9%; to 30/09/2025: +10.5%; to 30/09/2024: +10.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2024 | -2.7% | -6.0% | Price |
| 2025 | +33.1% | +28.6% | Price |
| 2026 to 13/11/2026 | +34.0% | +29.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 33.90% | -25.56% |
| 3 years | 22.68% | -25.56% |

## Largest fall

Volatility of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD in pounds, annualised from weekly returns to 13/11/2026: 33.9% over 1 year, 22.7% over 3 years. Largest fall in the price of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD since January 2023, in pounds: −25.6% from 19/06/2026 to 06/11/2026. The lowest 12-month return of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD in pounds (price, with income reinvested in the fund) since January 2023 was −15.6% (12 months to 11/04/2025); the highest was +131.6% (12 months to 19/06/2026). On 13/11/2026 the price of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD was 23.6% below its highest weekly close since January 2023 (19/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of HSBC MSCI Emerging Markets Islamic Screened Capped UCITS ETF Accum Shs USD 0.46% a year. Compared on 14/11/2026, 65 of the 151 other emerging-market share funds charge more, 1 the same and 85 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.46%** per year (as of 13/11/2026)
- 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, HIES holds 333 positions, according to its published holdings. The largest is SK hynix at 12.59% of the fund; the ten largest make up 43.7%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | SK hynix | [000660](https://fundology.uk/stock/000660) | 12.59% |
| 2 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 11.95% |
| 3 | MediaTek | [2454](https://fundology.uk/stock/2454) | 3.79% |
| 4 | Delta Electronics | [2308](https://fundology.uk/stock/2308) | 3.18% |
| 5 | Hon Hai Precision Industry | [2317](https://fundology.uk/stock/2317) | 2.66% |
| 6 | Al Rajhi Bank | [1120](https://fundology.uk/stock/1120) | 2.47% |
| 7 | Samsung Electro-Mechanics | [009150](https://fundology.uk/stock/009150) | 1.82% |
| 8 | Petroleo Brasileiro | [PETR3](https://fundology.uk/stock/PETR3) | 1.80% |
| 9 | Gold Fields | [GFI](https://fundology.uk/stock/GFI) | 1.73% |
| 10 | Xiaomi · Class B | [1810](https://fundology.uk/stock/1810) | 1.68% |

## 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 |
|---|---|
| South Korea | 38.3% |
| Taiwan | 19.1% |
| China | 11.4% |
| India | 9.9% |
| Saudi Arabia | 5.1% |
| South Africa | 3.3% |
| Mexico | 2.4% |
| Brazil | 2.3% |
| Other countries | 7.5% |
| Not classified | 0.7% |

The 317 holdings on record (of 333 reported): https://fundology.uk/fund/hies/holdings

## Questions people ask

**What is the ongoing charge of HIES?**

The ongoing charge of HIES is 0.46% a year — about £46 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 Islamic Screened Capped UCITS ETF Accum Shs USD 0.46% a year. Compared on 14/11/2026, 65 of the 151 other emerging-market share funds charge more, 1 the same and 85 less (share classes counted once).

**What does HIES track?**

HIES tracks the MSCI EM Emerging Market Islamic Universal Screened Select Capped Index - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil.

**Is HIES accumulating or distributing?**

HIES 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 HIES?**

The ISIN of HIES is IE0009BC6K22. An ISIN identifies one exact share class of a fund; HIES is its ticker on the London Stock Exchange. The same share class is also listed as HIEM (London Stock Exchange, US dollars).

**What does HIES hold?**

As of 06/11/2026, HIES holds 333 positions, according to its published holdings. The largest is SK hynix at 12.59% of the fund; the ten largest make up 43.7%. Its ten largest holdings are SK hynix (12.59%), Samsung Electronics (11.95%), MediaTek (3.79%), Delta Electronics (3.18%), Hon Hai Precision Industry (2.66%), Al Rajhi Bank (2.47%), Samsung Electro-Mechanics (1.82%), Petroleo Brasileiro (1.80%), Gold Fields (1.73%) and Xiaomi · Class B (1.68%).

**What were HIES’s returns in each of the last five years?**

Calendar-year returns of HIES in pounds (price, with income reinvested in the fund): 2024 −2.7%, 2025 +33.1%; 2026 to 13/11/2026 +34.0%. Past performance is not a guide to future returns.

**How has HIES done after inflation?**

Over the three years to 13/11/2026 HIES’s total return was +87.7%, or +69.6% 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/ie0009bc6k22)
- [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie0009bc6k22/gb/en/kiid)
- [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie0009bc6k22/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.