# HSBC MSCI China UCITS ETF (HMCH) **Source:** https://fundology.uk/fund/hmch · ISIN IE00B44T3H88 · 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, HMCH (HSBC MSCI China UCITS ETF, ISIN IE00B44T3H88) closed at £5.42 on the London Stock Exchange. Its ongoing charge is 0.28% a year (about £28 on £10,000). Over the five years to 30/09/2026 its total return was −10.1%, or −29.7% 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: **£5.42** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HMCH | | ISIN | IE00B44T3H88 | | Category | Emerging markets | | Type | ETF | | Provider | HSBC | | Tracks | MSCI China | | Income | Distributing | | Ongoing charge | 0.28% a year (£28 per £10,000) | | Fund size | £534m | | Launched | 2011 | | 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 | -16.82% | -19.43% | income reinvested | | 3 years | +20.48% | +8.72% | income reinvested | | 5 years | -10.08% | -29.70% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS 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 +18.8%, 2025 +18.5%; 2026 to 30/09/2026 −12.8%. Returns of HSBC MSCI China UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −17.2%; to 30/09/2025: +27.5%; to 30/09/2024: +6.8%; to 30/09/2023: −6.8%; to 30/09/2022: −20.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -14.8% | -22.0% | Price | | 2023 | -17.7% | -21.0% | Price | | 2024 | +18.8% | +14.7% | Price | | 2025 | +18.5% | +14.4% | Price | | 2026 to 30/09/2026 | -12.8% | -15.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 15.73% | -21.75% | | 3 years | 23.52% | -21.75% | | 5 years | 26.35% | -44.80% | ## Largest fall Volatility of HSBC MSCI China UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 15.7% over 1 year, 23.5% over 3 years, 26.3% over 5 years. Largest fall in the price of HSBC MSCI China UCITS ETF since October 2021, in pounds: −44.8% from 22/10/2021 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 30/09/2026 the price of HSBC MSCI China UCITS ETF was 23.1% below its highest weekly close since October 2021 (22/10/2021), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI China UCITS ETF 0.28% a year, as of 01/10/2026: 84 of the 140 other emerging-market share funds charge more, 2 the same and 54 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 (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Franklin MSCI China Paris Aligned Climate UCITS ETF | 0.22% | -21.7% | +2.8% | — | | HSBC MSCI China UCITS ETF (this fund) | 0.28% | -16.8% | +20.5% | -10.1% | | HSBC MSCI China UCITS ETF Accum USD | 0.28% | -16.8% | +8.4% | — | | iShares MSCI China UCITS ETF AccumUSD | 0.28% | -17.1% | +20.5% | -11.0% | | Multi Units LU -Amundi MSCI China ETF Acc- Capitalisation | 0.29% | -16.5% | +21.6% | -8.8% | | Xtrackers MSCI China UCITS ETF 1D Distribution | 0.30% | -16.9% | +8.4% | — | | Xtrackers MSCI CHINA UCITS ETF Capitalisation 1C | 0.65% | -17.2% | +19.2% | -11.7% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.28%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 28/09/2026): | Holding | Weight | |---|---| | Capital Cash Ctrl | 14.26% | | Tencent | 14.06% | | Alibaba Group | 9.41% | | China Construction Bank · Class H | 4.24% | | Industrial and Commercial Bank of China · Class H | 2.61% | | Xiaomi · Class B | 2.30% | | Bank Of China · Class H | 2.12% | | Meituan · Class B | 1.89% | | NetEase Inc Ordinary Shares | 1.73% | | Ping An Insurance (Group) Co. of China · Class H | 1.68% | ## 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 | |---|---| | China | 94.9% | | Hong Kong | 2.9% | | United States | 1.5% | | Germany | 0.7% | | Not classified | 15.1% | All 588 holdings: https://fundology.uk/fund/hmch/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.