ETF · HSBC
HMAF HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD
ISIN IE00BBQ2W338London Stock Exchange: HMAFHSBC Holdings Plc
- Japan & Asia Pacific
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£61.56
on
- Ongoing charge
- 0.52% a year
- Fund size
- £310m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HMAF (HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD, ISIN IE00BBQ2W338) closed at £61.56 on the London Stock Exchange. Its ongoing charge is 0.52% a year (about £52 on £10,000). Over the five years to 13/11/2026 its total return was +47.2%, or +14.9% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +18.1%
- +13.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +82.4%
- +64.8% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +47.2%
- +14.9% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,472 on 13/11/2026 — about £1,149 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
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 AC FAR EAST ex JAPAN UCITS ETF USD in pounds (price, with income reinvested in the fund): 2022 −12.6%, 2023 −3.8%, 2024 +15.0%, 2025 +33.2%; 2026 to 13/11/2026 +15.2%. Returns of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +37.3%; to 30/09/2025: +28.3%; to 30/09/2024: +15.2%; to 30/09/2023: +0.6%; to 30/09/2022: −16.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +15.2% | +11.5% | |
| to | +33.2% | +28.6% | |
| to | +15.0% | +11.1% | |
| −3.8% | −7.6% | ||
| −12.6% | −20.0% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +37.3% | +32.5% |
| from | +28.3% | +23.3% |
| from | +15.2% | +12.3% |
| from | +0.6% | −5.4% |
| from | −16.1% | −22.9% |
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)
19.2%over 5 years
| 1 year | 23.2% |
|---|---|
| 3 years | 19.2% |
| 5 years | 19.2% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −28.5%
- From to
- Lowest 12-month return
- −26.8%
- 12 months to
- Highest 12-month return
- +76.4%
- 12 months to
- Below its highest weekly close since November 2021
- 16.7%
- High of , latest
In words: Volatility of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 23.2% over 1 year, 19.2% over 3 years, 19.2% over 5 years. Largest fall in the price of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD since November 2021, in pounds: −28.5% from 19/11/2021 to 28/10/2022. The lowest 12-month return of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD in pounds (price, with income reinvested in the fund) since January 2021 was −26.8% (12 months to 28/10/2022); the highest was +76.4% (12 months to 19/06/2026). On 13/11/2026 the price of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD was 16.7% below its highest weekly close since November 2021 (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
- 0.52%
- a year
- On £10,000
- £52
- a year, roughly
- Over five years
- £257
- of £10,000, before growth
- 101 charge less
- 0 the same
- 7 charge more
Ongoing charge of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD 0.52% a year. Compared on 14/11/2026, 7 of the 108 other Japan and Asia Pacific share funds charge more, 0 the same and 101 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 AC FAR EAST ex JAPAN UCITS ETF USD is an exchange-traded fund (ETF) from HSBC, launched in 2013.
It tracks the MSCI AC Far East ex JP.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.52% a year — about £52 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.
Japan & Asia Pacific: Companies in Japan, Australia, Hong Kong, Singapore and the wider Pacific region.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HMAF
- ISIN
- IE00BBQ2W338
- Also listed as
- HMAD (London Stock Exchange, US dollars), H411 (Xetra, euros)
- Provider
- HSBC
- Tracks
- MSCI AC Far East ex JP
- 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
- 0.52% a year · about £52 on £10,000
- Fund size
- £310m
- 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
- Japan & Asia Pacific
Price chart
Over the last year, the closing price went from £53.26 on 14/11/2025 to £61.56 on 13/11/2026 (+15.6%). The lowest close shown was £50.43 on 21/11/2025 and the highest £73.93 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
262 weekly closes, from 12/11/2021 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
- 700
- 828 reported in all
- Ten largest
- 46.6%
- of the whole fund
- Effective number of holdings
- 19
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 19.5%
- TSMC
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | TSMC2330Taiwan | 19.53% |
| 2 | Samsung Electronics005930South Korea | 7.90% |
| 3 | SK hynix000660South Korea | 5.60% |
| 4 | Tencent700China | 3.99% |
| 5 | Alibaba GroupBABAChina | 2.73% |
| 6 | MediaTek2454Taiwan | 1.82% |
| 7 | China Construction Bank · Class H601939China | 1.37% |
| 8 | DBS GroupD05Singapore | 1.36% |
| 9 | AIA Group1299Hong Kong | 1.26% |
| 10 | Samsung Electronics005930South Korea | 1.08% |
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
- Taiwan34.4%
- China27.9%
- South Korea22.8%
- Hong Kong5.2%
- Singapore4.5%
- Malaysia1.3%
- Thailand1.3%
- United States0.7%
- Other countries1.0%
- Not classified0.8%
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 828 holdings; the ten largest make up 46.6% 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. 95.7% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Electronic Technology46.2%
- Finance19.0%
- Technology Services6.7%
- Retail Trade4.6%
- Producer Manufacturing4.2%
- Health Technology2.4%
- Consumer Durables2.0%
- Consumer Non-Durables1.5%
- Other classified sectors9.0%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
3 funds track MSCI AC Far East ex JP, this one included and share classes counted once; their ongoing charges range from 0.45% to 0.74% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USDThis fundAccumulating · 0.52% a year | 0.52% | +18.1% | +82.4% | +47.2% |
| HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD DistDistributing · 0.45% a year | 0.45% | +18.1% | Not reported | Not reported |
| iShares MSCI AC Far East ex-Japan UCITS ETFDistributing · 0.74% a year | 0.74% | +17.9% | +81.4% | +45.8% |
As of
MSCI AC Far East ex JP 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, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, 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, 3 and 5 years among up to 73 Japan and Asia Pacific 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 World UCITS ETF, over the three years to 13/11/2026 (154 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 HMAF?
The ongoing charge of HMAF is 0.52% a year — about £52 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 AC FAR EAST ex JAPAN UCITS ETF USD 0.52% a year. Compared on 14/11/2026, 7 of the 108 other Japan and Asia Pacific share funds charge more, 0 the same and 101 less (share classes counted once).
What does HMAF track?
HMAF tracks the MSCI AC Far East ex JP.
Is HMAF accumulating or distributing?
HMAF 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 HMAF?
The ISIN of HMAF is IE00BBQ2W338. An ISIN identifies one exact share class of a fund; HMAF is its ticker on the London Stock Exchange. The same share class is also listed as HMAD (London Stock Exchange, US dollars) and H411 (Xetra, euros).
What does HMAF hold?
As of 06/11/2026, HMAF holds 828 positions, according to its published holdings. The largest is TSMC at 19.53% of the fund; the ten largest make up 46.6%. Its ten largest holdings are TSMC (19.53%), Samsung Electronics (7.90%), SK hynix (5.60%), Tencent (3.99%), Alibaba Group (2.73%), MediaTek (1.82%), China Construction Bank · Class H (1.37%), DBS Group (1.36%), AIA Group (1.26%) and Samsung Electronics (1.08%).
What were HMAF’s returns in each of the last five years?
Calendar-year returns of HMAF in pounds (price, with income reinvested in the fund): 2022 −12.6%, 2023 −3.8%, 2024 +15.0%, 2025 +33.2%; 2026 to 13/11/2026 +15.2%. Past performance is not a guide to future returns.
How has HMAF done after inflation?
Over the five years to 13/11/2026 HMAF’s total return was +47.2%, or +14.9% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- SJPAiShares Core MSCI Japan IMI UCITS ETF0.12% a year · £6.0bn
- XMJPXtrackers MSCI JAPAN UCITS ETF Capitalisation 1C0.12% a year · £5.0bn
- LCJPAmundi Core MSCI Japan UCITS ETF Acc0.12% a year · £4.3bn
- 0DZWUBS Core MSCI Japan UCITS ETF-JPY acc- Capitalisation0.12% a year · £3.7bn
- IJPNiShares MSCI Japan UCITS ETF USD (Dist)0.12% a year · £3.6bn
- CPJ1iShares Core MSCI Pacific ex Japan UCITS ETF0.20% a year · £3.2bn
- VJPNVanguard FTSE Japan UCITS ETF0.10% a year · £2.3bn
- PRIJAmundi Index Solutions - Prime Japan0.08% a year · £2.3bn
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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