# HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD (HMAF) **Source:** https://fundology.uk/fund/hmaf · ISIN IE00BBQ2W338 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 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. ## Summary 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. Latest close: **£70.64** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HMAF | | ISIN | IE00BBQ2W338 | | Category | Global shares | | Type | ETF | | Provider | HSBC | | Tracks | MSCI AC Far East ex JP | | Income | Accumulating | | Ongoing charge | 0.52% a year (£52 per £10,000) | | Fund size | £272m | | Launched | 2013 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +42.01% | +37.55% | income reinvested | | 3 years | +103.09% | +83.26% | income reinvested | | 5 years | +68.24% | +31.52% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -12.6% | -20.0% | Price | | 2023 | -3.8% | -7.6% | Price | | 2024 | +14.1% | +10.3% | Price | | 2025 | +29.2% | +24.8% | Price | | 2026 to 30/09/2026 | +37.3% | +33.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 21.49% | -12.98% | | 3 years | 18.52% | -15.17% | | 5 years | 18.76% | -29.49% | ## Largest fall 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. ## Charges compared with similar funds 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). ## 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). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD | 0.45% | +42.0% | +77.1% | — | | HSBC MSCI AC FAR EAST ex JAPAN UCITS ETF USD (this fund) | 0.52% | +42.0% | +103.1% | +68.2% | | iShares MSCI AC Far East ex-Japan UCITS ETF | 0.74% | +41.8% | +104.1% | +66.6% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.52%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 28/09/2026): | Holding | Weight | |---|---| | TSMC | 19.54% | | Samsung Electronics | 9.44% | | SK hynix | 7.30% | | Capital Cash Ctrl | 3.73% | | Tencent | 3.51% | | MediaTek | 2.44% | | Alibaba Group | 2.35% | | DBS Group | 1.28% | | Samsung Electronics | 1.24% | | Delta Electronics | 1.19% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By country Added up from the holdings HSBC publishes, as of 28/09/2026. | Country | Weight | |---|---| | Taiwan | 36.1% | | South Korea | 27.0% | | China | 23.9% | | Hong Kong | 4.6% | | Singapore | 4.1% | | Malaysia | 1.2% | | Thailand | 1.2% | | United States | 0.7% | | Other countries | 1.2% | | Not classified | 4.7% | All 707 holdings: https://fundology.uk/fund/hmaf/holdings --- 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.