ETF · HSBC
HMCA HSBC MSCI China A UCITS ETF USD
ISIN IE00BF4NQ904London Stock Exchange: HMCAHSBC Holdings Plc
- Emerging markets
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£8.06
on
- Ongoing charge
- 0.30% a year
- Fund size
- £53.7m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HMCA (HSBC MSCI China A UCITS ETF USD, ISIN IE00BF4NQ904) closed at £8.06 on the London Stock Exchange. Its ongoing charge is 0.30% a year (about £30 on £10,000). Over the five years to 13/11/2026 its total return was −14.4%, or −33.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −7.6%
- −10.9% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +17.4%
- +6.1% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −14.4%
- −33.2% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £856 on 13/11/2026 — about £668 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 China A UCITS ETF USD in pounds (price only, income paid out not included): 2022 −18.5%, 2023 −20.2%, 2024 +7.7%, 2025 +19.8%; 2026 to 13/11/2026 −11.0%. Returns of HSBC MSCI China A UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −0.1%; to 30/09/2025: +20.4%; to 30/09/2024: −4.9%; to 30/09/2023: −15.5%; to 30/09/2022: −10.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −11.0% | −13.9% | |
| to | +19.8% | +15.7% | |
| to | +7.7% | +4.1% | |
| −20.2% | −23.4% | ||
| −18.5% | −25.4% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −0.1% | −3.6% |
| from | +20.4% | +15.7% |
| from | −4.9% | −7.3% |
| from | −15.5% | −20.5% |
| from | −10.5% | −17.8% |
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)
21.6%over 5 years
| 1 year | 15.7% |
|---|---|
| 3 years | 22.5% |
| 5 years | 21.6% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −44.1%
- From to
- Lowest 12-month return
- −33.4%
- 12 months to
- Highest 12-month return
- +38.1%
- 12 months to
- Below its highest weekly close since November 2021
- 28.1%
- High of , latest
In words: Volatility of HSBC MSCI China A UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 15.7% over 1 year, 22.5% over 3 years, 21.6% over 5 years. Largest fall in the price of HSBC MSCI China A UCITS ETF USD since November 2021, in pounds: −44.1% from 10/12/2021 to 13/09/2024. The lowest 12-month return of HSBC MSCI China A UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −33.4% (12 months to 02/02/2024); the highest was +38.1% (12 months to 19/06/2026). On 13/11/2026 the price of HSBC MSCI China A UCITS ETF USD was 28.1% below its highest weekly close since November 2021 (10/12/2021), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.30%
- a year
- On £10,000
- £30
- a year, roughly
- Over five years
- £149
- of £10,000, before growth
- 61 charge less
- 5 the same
- 85 charge more
Ongoing charge of HSBC MSCI China A UCITS ETF USD 0.30% a year. Compared on 14/11/2026, 85 of the 151 other emerging-market share funds charge more, 5 the same and 61 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 China A UCITS ETF USD is an exchange-traded fund (ETF) from HSBC, launched in 2018.
It tracks the MSCI China A Inclusion Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.3% a year — about £30 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HMCA
- ISIN
- IE00BF4NQ904
- Also listed as
- HMCT (London Stock Exchange, US dollars), H41K (Xetra, euros)
- Provider
- HSBC
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.30% a year · about £30 on £10,000
- Fund size
- £53.7m
- 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
- Emerging markets
Price chart
Over the last year, the closing price went from £9.01 on 14/11/2025 to £8.06 on 13/11/2026 (−10.6%). The lowest close shown was £7.90 on 30/10/2026 and the highest £10.03 on 19/06/2026.
One close a week. Before 02/10/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
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
- 396
- on record
- Ten largest
- 20.4%
- of the whole fund
- Effective number of holdings
- 123
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 5.0%
- Kweichow Moutai · Class A
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Kweichow Moutai · Class A600519China | 5.03% |
| 2 | Contemporary Amperex Technology · Class A300750China | 2.89% |
| 3 | China Merchants Bank · Class A600036China | 2.36% |
| 4 | China Yangtze Power · Class A600900China | 1.94% |
| 5 | Byd · Class A002594China | 1.68% |
| 6 | Ping An Insurance (Group) Company of China · Class A601318China | 1.51% |
| 7 | Wuliangye Yibin · Class A000858China | 1.29% |
| 8 | Agricultural Bank of China · Class A601288China | 1.24% |
| 9 | Industrial Bank · Class A601166China | 1.24% |
| 10 | Industrial and Commercial Bank of China · Class A601398China | 1.17% |
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
- China98.7%
- Singapore0.6%
- Not classified0.7%
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.
More of the portfolio
The fund publishes 396 holdings; the ten largest make up 20.4% 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. 99.2% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Finance23.6%
- Producer Manufacturing14.2%
- Electronic Technology10.8%
- Consumer Non-Durables10.3%
- Health Technology5.9%
- Process Industries5.3%
- Utilities4.9%
- Non-Energy Minerals4.5%
- Other classified sectors19.8%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
5 funds track MSCI China A Inclusion Index, this one included and share classes counted once; their ongoing charges range from 0.30% to 0.46% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC MSCI China A UCITS ETF AccumHedged USDAccumulating · Currency hedged · 0.40% a year | 0.40% | −11.2% | Not reported | Not reported |
| HSBC MSCI China A UCITS ETF AccumUSDAccumulating · 0.30% a year | 0.30% | −7.1% | +7.1% | Not reported |
| HSBC MSCI China A UCITS ETF USDThis fundDistributing · 0.30% a year | 0.30% | −7.6% | +17.4% | −14.4% |
| iShares MSCI China A UCITS ETFAccumulating · 0.40% a year | 0.40% | −7.7% | +17.2% | −15.2% |
| Xtrackers MSCI China A UCITS ETF Capitalisation -1C-Accumulating · 0.46% a year | 0.46% | −7.7% | +28.9% | −4.9% |
As of
MSCI China A Inclusion 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 252 rolling 12-month returns since January 2021, and of 148 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since November 2021, in pounds, with how many weeks it 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 142 emerging-market 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 EM IMI UCITS ETF, over the three years to 13/11/2026 (156 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 HMCA?
The ongoing charge of HMCA is 0.30% a year — about £30 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 China A UCITS ETF USD 0.30% a year. Compared on 14/11/2026, 85 of the 151 other emerging-market share funds charge more, 5 the same and 61 less (share classes counted once).
What does HMCA track?
HMCA tracks the MSCI China A Inclusion Index.
Is HMCA accumulating or distributing?
HMCA is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
What is the ISIN of HMCA?
The ISIN of HMCA is IE00BF4NQ904. An ISIN identifies one exact share class of a fund; HMCA is its ticker on the London Stock Exchange. The same share class is also listed as HMCT (London Stock Exchange, US dollars) and H41K (Xetra, euros).
What does HMCA hold?
The latest published holdings of HMCA are dated 02/06/2025, more than three months older than the manager’s other lists. The fund’s portfolio today may differ. Its ten largest holdings are Kweichow Moutai · Class A (5.03%), Contemporary Amperex Technology · Class A (2.89%), China Merchants Bank · Class A (2.36%), China Yangtze Power · Class A (1.94%), Byd · Class A (1.68%), Ping An Insurance (Group) Company of China · Class A (1.51%), Wuliangye Yibin · Class A (1.29%), Agricultural Bank of China · Class A (1.24%), Industrial Bank · Class A (1.24%) and Industrial and Commercial Bank of China · Class A (1.17%).
What were HMCA’s returns in each of the last five years?
Calendar-year returns of HMCA in pounds (price only, income paid out not included): 2022 −18.5%, 2023 −20.2%, 2024 +7.7%, 2025 +19.8%; 2026 to 13/11/2026 −11.0%. Past performance is not a guide to future returns.
How has HMCA done after inflation?
Over the five years to 13/11/2026 HMCA’s total return was −14.4%, or −33.2% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- EMIMiShares Core MSCI EM IMI UCITS ETF0.18% a year · £31bn
- XMMSXtrackers MSCI Emerging Markets UCITS ETF0.18% a year · £9.9bn
- SEMAiShares MSCI EM UCITS ETF USD (Acc)0.18% a year · £7.6bn
- IEEMiShares MSCI EM UCITS ETF USD (Dist)0.18% a year · £7.0bn
- EDG2iShares MSCI EM CTB Enhanced ESG UCITS ETF0.23% a year · £6.0bn
- CEA1iShares MSCI EM Asia UCITS ETF0.20% a year · £5.8bn
- E127Multi Units LU - Amundi MSCI Emerging Markets II0.14% a year · £4.5bn
- LEMAMulti Units LU - Amundi MSCI Emerging Markets II Acc0.14% a year · £4.4bn
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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