# HSBC MSCI China UCITS ETF (HMCH) **Page:** https://fundology.uk/fund/hmch · ISIN IE00B44T3H88 ## 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, HMCH (HSBC MSCI China UCITS ETF, ISIN IE00B44T3H88) closed at £5.12 on the London Stock Exchange. Its ongoing charge is 0.28% a year (about £28 on £10,000). Over the five years to 13/11/2026 its total return was −14.5%, or −33.3% after UK CPIH inflation. ## Summary HSBC MSCI China UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2011. It tracks the MSCI China. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.28% a year — about £28 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. Latest close: **£5.12** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HMCH | | ISIN | IE00B44T3H88 | | Also listed as | HMCD (London Stock Exchange, US dollars), H4ZP (Xetra, euros) | | Category | Emerging markets | | Type | ETF | | Provider | HSBC | | Tracks | MSCI China | | Income | Distributing | | Ongoing charge | 0.28% a year (£28 per £10,000) | | Fund size | £616m | | Launched | 2011 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 28/01/2011 | ## 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 | -20.14% | -22.96% | income reinvested | | 3 years | +20.11% | +8.52% | income reinvested | | 5 years | -14.53% | -33.28% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of HSBC MSCI China UCITS ETF in pounds (price only, income paid out not included): 2022 −14.8%, 2023 −17.7%, 2024 +17.2%, 2025 +22.8%; 2026 to 13/11/2026 −19.5%. Returns of HSBC MSCI China UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −19.9%; to 30/09/2025: +31.7%; to 30/09/2024: +6.8%; to 30/09/2023: −6.8%; to 30/09/2022: −21.5%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -14.8% | -22.0% | Price | | 2023 | -17.7% | -21.0% | Price | | 2024 | +17.2% | +13.2% | Price | | 2025 | +22.8% | +18.6% | Price | | 2026 to 13/11/2026 | -19.5% | -22.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 16.99% | -24.44% | | 3 years | 23.89% | -25.67% | | 5 years | 26.47% | -44.69% | ## Largest fall Volatility of HSBC MSCI China UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 17.0% over 1 year, 23.9% over 3 years, 26.5% over 5 years. Largest fall in the price of HSBC MSCI China UCITS ETF since November 2021, in pounds: −43.0% from 19/11/2021 to 02/02/2024. The lowest 12-month return of HSBC MSCI China UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −38.6% (12 months to 28/10/2022); the highest was +52.2% (12 months to 12/09/2025). On 13/11/2026 the price of HSBC MSCI China UCITS ETF was 25.0% below its highest weekly close since November 2021 (19/11/2021), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI China UCITS ETF 0.28% a year. Compared on 14/11/2026, 93 of the 151 other emerging-market share funds charge more, 2 the same and 56 less (share classes counted once). ## Funds tracking the same index 7 funds track MSCI China, this one included and share classes counted once; their ongoing charges range from 0.22% to 0.65% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Franklin MSCI China Paris Aligned Climate UCITS ETF | 0.22% | -24.4% | — | — | | HSBC MSCI China UCITS ETF (this fund) | 0.28% | -20.1% | +20.1% | -14.5% | | HSBC MSCI China UCITS ETF Accum USD | 0.28% | -20.1% | — | — | | iShares MSCI China UCITS ETF AccumUSD | 0.28% | -19.7% | +20.3% | -14.3% | | Multi Units LU -Amundi MSCI China ETF Acc- Capitalisation | 0.29% | -19.8% | +21.3% | -13.3% | | Xtrackers MSCI China UCITS ETF 1D Distribution | 0.30% | -20.2% | — | — | | Xtrackers MSCI CHINA UCITS ETF Capitalisation 1C | 0.65% | -20.5% | +18.8% | -16.1% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.28%** per year - 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, HMCH holds 577 positions, according to its published holdings. The largest is Tencent at 13.68% of the fund; the ten largest make up 42.9%. ### Top holdings Largest positions (as of 06/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Tencent | [700](https://fundology.uk/stock/700) | 13.68% | | 2 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 9.34% | | 3 | China Construction Bank · Class H | [601939](https://fundology.uk/stock/601939) | 4.71% | | 4 | Xiaomi · Class B | [1810](https://fundology.uk/stock/1810) | 2.76% | | 5 | Industrial and Commercial Bank of China · Class H | [601398](https://fundology.uk/stock/601398) | 2.74% | | 6 | Bank of China · Class H | [601988](https://fundology.uk/stock/601988) | 2.17% | | 7 | Meituan · Class B | [3690](https://fundology.uk/stock/3690) | 2.15% | | 8 | NetEase | [NTES](https://fundology.uk/stock/NTES) | 1.87% | | 9 | Pdd | [PDD](https://fundology.uk/stock/PDD) | 1.78% | | 10 | Ping An Insurance (Group) Co. of China · Class H | — | 1.73% | ## 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 | |---|---| | China | 94.8% | | Hong Kong | 2.7% | | United States | 1.5% | | Not classified | 1.0% | The 576 holdings on record (of 577 reported): https://fundology.uk/fund/hmch/holdings ## Questions people ask **What is the ongoing charge of HMCH?** The ongoing charge of HMCH is 0.28% a year — about £28 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 UCITS ETF 0.28% a year. Compared on 14/11/2026, 93 of the 151 other emerging-market share funds charge more, 2 the same and 56 less (share classes counted once). **What does HMCH track?** HMCH tracks the MSCI China. **Is HMCH accumulating or distributing?** HMCH is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of HMCH?** The ISIN of HMCH is IE00B44T3H88. An ISIN identifies one exact share class of a fund; HMCH is its ticker on the London Stock Exchange. The same share class is also listed as HMCD (London Stock Exchange, US dollars) and H4ZP (Xetra, euros). **What does HMCH hold?** As of 06/11/2026, HMCH holds 577 positions, according to its published holdings. The largest is Tencent at 13.68% of the fund; the ten largest make up 42.9%. Its ten largest holdings are Tencent (13.68%), Alibaba Group (9.34%), China Construction Bank · Class H (4.71%), Xiaomi · Class B (2.76%), Industrial and Commercial Bank of China · Class H (2.74%), Bank of China · Class H (2.17%), Meituan · Class B (2.15%), NetEase (1.87%), Pdd (1.78%) and Ping An Insurance (Group) Co. of China · Class H (1.73%). **What were HMCH’s returns in each of the last five years?** Calendar-year returns of HMCH in pounds (price only, income paid out not included): 2022 −14.8%, 2023 −17.7%, 2024 +17.2%, 2025 +22.8%; 2026 to 13/11/2026 −19.5%. Past performance is not a guide to future returns. **How has HMCH done after inflation?** Over the five years to 13/11/2026 HMCH’s total return was −14.5%, or −33.3% 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/ie00b44t3h88) - [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b44t3h88/gb/en/kiid) - [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b44t3h88/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.