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Fundology

ETF · HSBC

HMAF HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD

ISIN IE00BBQ2W338London Stock Exchange: HMAFHSBC Holdings Plc

Compare with another fund

Latest close

LSE

£70.64

on

Ongoing charge
0.52% a year
Fund size
£272m

Source: TradingView, as of , at least 15 min delayed

At a glance

As of 30/09/2026, HMAF (HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD, ISIN IE00BBQ2W338) closed at £70.64 on the London Stock Exchange. Its ongoing charge is 0.52% a year (about £52 on £10,000). Over the five years to 30/09/2026 its total return was +68.2%, or +31.5% after UK CPIH inflation.

Past returns

Total return: the change in the fund’s value with any income reinvested, after its ongoing charges. Periods to .
1 year to 30/09/2026
+42.0%
+37.6% after inflation
3 years to 30/09/2026
+103.1%
+83.3% after inflation
5 years to 30/09/2026
+68.2%
+31.5% after inflation

£1,000 put in five years ago would have been worth about £1,682 on 30/09/2026 — about £1,315 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.

Returns: TradingView (delayed data). Inflation: ONS 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 +14.1%, 2025 +29.2%; 2026 to 30/09/2026 +37.3%. 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: +42.5%; to 30/09/2025: +23.7%; to 30/09/2024: +15.2%; to 30/09/2023: +0.6%; to 30/09/2022: −16.5%.

Calendar-year returns of HMAF, in pounds (price, with income reinvested in the fund), to 30/09/2026
YearReturnAfter inflation
to +37.3%+33.5%
+29.2%+24.8%
+14.1%+10.3%
−3.8%−7.6%
−12.6%−20.0%
Returns of HMAF over 12-month periods to 30/09/2026, in pounds (price, with income reinvested in the fund)
12 months toReturnAfter inflation
from +42.5%Not available
from +23.7%+18.8%
from +15.2%+12.3%
from +0.6%−5.4%
from −16.5%−23.2%

Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH

How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing

Risk: volatility and largest fall

How far the price has swung and fallen. The same record the returns come from, in pounds.

Volatility (annualised)

18.8%over 5 years

Volatility, annualised from weekly returns, by period
1 year21.5%
3 years18.5%
5 years18.8%

Annualised from weekly returns. Higher means bumpier.

Largest fall since October 2021
−29.5%
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 October 2021
4.5%
High of , latest

In words: Volatility of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 21.5% over 1 year, 18.5% over 3 years, 18.8% over 5 years. Largest fall in the price of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD since October 2021, in pounds: −29.5% from 12/11/2021 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 30/09/2026 the price of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD was 4.5% below its highest weekly close since October 2021 (19/06/2026), in pounds.

Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund

How we work it out:Risk figuresFallsVolatilityLargest fall

Charges compared with similar funds

The ongoing charge is taken from the fund’s value every day, so the returns on this page are already after it. Platform and dealing fees are charged separately.
Ongoing charge
0.52%
a year
On £10,000
£52
a year, roughly
Over five years
£257
of £10,000, before growth
Among 212 global share funds, share classes counted once
  • 178 charge less
  • 1 the same
  • 32 charge more

Ongoing charge of HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD 0.52% a year, as of 01/10/2026: 32 of the 211 other global share funds charge more, 1 the same and 178 less (share classes counted once).

Source: Fund ongoing charges via TradingView, as of

A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.

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.

Global shares: Thousands of companies across many countries, held in one fund — the broadest way to own the stock market.

Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN

Key facts

Ticker
HMAF
ISIN
IE00BBQ2W338
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
£272m
Launched
Domicile
Ireland
Can be held in
ISA and SIPP
Currency hedged
No
Price currency
Pounds (GBP)
Category
Global shares

Price chart

Closing price
£70.64+8.3% since 31/07/2026 · closing price
HMAF closing price: £65.20 on 31/07/2026, £70.64 on 30/09/2026 (+8.3%); low £65.20, high £71.57.

Since 31/07/2026, the closing price went from £65.20 on 31/07/2026 to £70.64 on 30/09/2026 (+8.3%). The lowest close shown was £65.20 on 31/07/2026 and the highest £71.57 on 25/09/2026.

Chart: closing prices we have recorded since 31/07/2026.

Source: TradingView, as of , at least 15 min delayed

Five years of prices, and after inflation

10 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.

Create a free account to see the 5-year price chart and the after-inflation chart

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How we work it out:Prices and returnsNAV and price

What it holds

The ten largest holdings make up 52.0% of the fund, as of .

Top 10 holdings

Top holdings of HMAF: the ten largest, as a percentage of the whole fund, as of 28/09/2026
Rank#HoldingWeight as a percentage of the fund
1TSMC233019.54%
2Samsung Electronics0059309.44%
3SK hynix0006607.30%
4Capital Cash Ctrl3.73%
5Tencent7003.51%
6MediaTek24542.44%
7Alibaba GroupBABA2.35%
8DBS GroupD051.28%
9Samsung Electronics0059301.24%
10Delta Electronics23081.19%

Source: HSBC, holdings as published, as of , company pages by TradingView

Where it invests

The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

By country

  1. Taiwan36.1%
  2. South Korea27.0%
  3. China23.9%
  4. Hong Kong4.6%
  5. Singapore4.1%
  6. Malaysia1.2%
  7. Thailand1.2%
  8. United States0.7%
  9. Other countries1.2%
  10. Not classified4.7%
Added up from the holdings HSBC publishes, as of 28/09/2026.

707 holdings are listed for this fund. All 707 holdings of HMAF, with the full split by sector, country and type of asset.

More of the portfolio

The fund publishes 707 holdings; the ten largest make up 52.0% 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

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Sector split

As a share of the whole fund. The source classifies 89.9% of it by sector; bonds, cash and positions it cannot match are left out rather than guessed.

  1. Electronic Technology52.3%
  2. Finance13.7%
  3. Technology Services5.1%
  4. Producer Manufacturing4.0%
  5. Retail Trade3.6%
  6. Health Technology1.9%
  7. Consumer Durables1.7%
  8. Non-Energy Minerals1.1%
  9. Other classified sectors6.5%
Sector classification by TradingView over the holdings HSBC publishes, as of 28/09/2026.

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 (30/09/2026).

3 funds that track the MSCI AC Far East ex JP, listed by name. Returns are the data vendor’s, in pounds, with income reinvested unless marked “price”.
Fund1 year5 years
HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USDDistributing · 0.45% a year+42.0%Not reported
HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USDThis fundAccumulating · 0.52% a year+42.0%+68.2%
iShares MSCI AC Far East ex-Japan UCITS ETFDistributing · 0.74% a year+41.8%+66.6%

Source: TradingView reported returns and fund ongoing charges, as of

Read more:Index fundsTracking differenceHow funds are compared

Other versions of this fund

HSBC’s other share classes and funds on the MSCI AC Far East ex JP. They can differ in how income is paid, currency hedging and charge.

Read more:Share classesAccumulating or incomeCurrency hedging

Risk and return in depth

Ratios that weigh return against its ups and downs, every rolling period rather than a few fixed ones, and each large fall with how long it took to recover.

  • Sharpe, Sortino and Calmar ratios

    Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.

    With a free account

  • Rolling returns

    The full range of 248 rolling 12-month returns since January 2021, and of 144 rolling three-year returns, in pounds, with how often they were above zero.

    With a free account

  • Largest falls and recoveries

    The 3 largest falls since October 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

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  • Rank among similar funds

    Rank by total return over 1, 3 and 5 years among up to 148 global share funds, not currency-hedged, highest first.

    Pro

  • Moves 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 30/09/2026 (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 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, as of 01/10/2026: 32 of the 211 other global share funds charge more, 1 the same and 178 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.

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 +14.1%, 2025 +29.2%; 2026 to 30/09/2026 +37.3%. Past performance is not a guide to future returns.

How has HMAF done after inflation?

Over the five years to 30/09/2026 HMAF’s total return was +68.2%, or +31.5% after UK CPIH inflation. Past performance is not a guide to future returns.

Similar funds

More global share funds, largest first. Size is a fact, not a verdict.
All global share fundsEvery fund we cover

Sources and dates

Prices
London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
Returns
TradingView reported returns (net asset value with income reinvested where available)
Calendar years, risk
Fundology, from recorded closes (weekly history from the data vendor where our record is short)
Inflation
ONS CPIH, latest month used August 2026
Charges
The fund’s ongoing charges figure, via TradingView
Holdings
HSBC, as published,
Identity
FCA Financial Instruments Reference Data System (FIRDS) and the issuer
Fund size
TradingView, converted to pounds at the latest ECB reference rate

Methodology:Data sourcesReturnsCategoriesAll methods

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