ETF · HSBC
HMEU HSBC MSCI Europe UCITS ETF EUR
ISIN IE00B5BD5K76London Stock Exchange: HMEUHSBC Holdings Plc
- European shares
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£18.99
on
- Ongoing charge
- 0.14% a year
- Fund size
- £310m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HMEU (HSBC MSCI Europe UCITS ETF EUR, ISIN IE00B5BD5K76) closed at £18.99 on the London Stock Exchange. Its ongoing charge is 0.14% a year (about £14 on £10,000). Over the five years to 13/11/2026 its total return was +55.8%, or +21.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +11.4%
- +7.4% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +54.2%
- +39.3% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +55.8%
- +21.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,558 on 13/11/2026 — about £1,216 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 Europe UCITS ETF EUR in pounds (price only, income paid out not included): 2022 −6.1%, 2023 +10.0%, 2024 +0.8%, 2025 +22.7%; 2026 to 13/11/2026 +7.4%. Returns of HSBC MSCI Europe UCITS ETF EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +9.5%; to 30/09/2025: +12.9%; to 30/09/2024: +12.0%; to 30/09/2023: +14.6%; to 30/09/2022: −10.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +7.4% | +4.0% | |
| to | +22.7% | +18.5% | |
| to | +0.8% | −2.6% | |
| +10.0% | +5.6% | ||
| −6.1% | −14.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +9.5% | +5.6% |
| from | +12.9% | +8.5% |
| from | +12.0% | +9.1% |
| from | +14.6% | +7.8% |
| from | −10.3% | −17.5% |
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)
13.5%over 5 years
| 1 year | 13.1% |
|---|---|
| 3 years | 12.0% |
| 5 years | 13.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −15.8%
- From to
- Lowest 12-month return
- −12.6%
- 12 months to
- Highest 12-month return
- +26.0%
- 12 months to
- Below its highest weekly close since November 2021
- 2.1%
- High of , latest
In words: Volatility of HSBC MSCI Europe UCITS ETF EUR in pounds, annualised from weekly returns to 13/11/2026: 13.1% over 1 year, 12.0% over 3 years, 13.5% over 5 years. Largest fall in the price of HSBC MSCI Europe UCITS ETF EUR since November 2021, in pounds: −15.8% from 31/12/2021 to 14/10/2022. The lowest 12-month return of HSBC MSCI Europe UCITS ETF EUR in pounds (price only, income paid out not included) since January 2021 was −12.6% (12 months to 14/10/2022); the highest was +26.0% (12 months to 10/04/2026). On 13/11/2026 the price of HSBC MSCI Europe UCITS ETF EUR was 2.1% below its highest weekly close since November 2021 (03/07/2026), 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
- 0.14%
- a year
- On £10,000
- £14
- a year, roughly
- Over five years
- £70
- of £10,000, before growth
- 61 charge less
- 5 the same
- 176 charge more
Ongoing charge of HSBC MSCI Europe UCITS ETF EUR 0.14% a year. Compared on 14/11/2026, 176 of the 242 other European 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 Europe UCITS ETF EUR is an exchange-traded fund (ETF) from HSBC, launched in 2010.
It tracks the MSCI Europe — large and medium-sized European companies.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.14% a year — about £14 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.
European shares: Companies across Europe. Some funds include the UK and some leave it out — the fund name says which.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HMEU
- ISIN
- IE00B5BD5K76
- Also listed as
- H4ZE (Xetra, euros)
- Provider
- HSBC
- Tracks
- MSCI Europe
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.14% a year · about £14 on £10,000
- Fund size
- £310m
- 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
- European shares
Price chart
Over the last year, the closing price went from £17.35 on 14/11/2025 to £18.99 on 13/11/2026 (+9.5%). The lowest close shown was £16.87 on 21/11/2025 and the highest £19.39 on 03/07/2026.
One close a week. Before 31/07/2026 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
- 385
- 386 reported in all
- Ten largest
- 21.4%
- of the whole fund
- Effective number of holdings
- 113
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 4.0%
- ASML
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | ASMLASMLNetherlands | 4.01% |
| 2 | RocheROSwitzerland | 2.41% |
| 3 | HSBCHSBAUnited Kingdom | 2.16% |
| 4 | NovartisNOVNSwitzerland | 2.15% |
| 5 | ShellSHELUnited Kingdom | 2.08% |
| 6 | AstraZenecaAZNUnited Kingdom | 2.03% |
| 7 | NestleNESNSwitzerland | 1.95% |
| 8 | SAPSAPGermany | 1.72% |
| 9 | SiemensSIEGermany | 1.54% |
| 10 | AllianzALVGermany | 1.38% |
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
- United Kingdom22.0%
- Switzerland15.8%
- Germany13.5%
- France13.2%
- Netherlands8.7%
- Spain5.8%
- Sweden4.8%
- Italy4.3%
- Other countries10.9%
- Not classified1.0%
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 and what changed since .
More of the portfolio
The fund publishes 386 holdings; the ten largest make up 21.4% 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. 97.7% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Finance23.3%
- Health Technology13.6%
- Electronic Technology10.1%
- Consumer Non-Durables10.1%
- Producer Manufacturing8.0%
- Energy Minerals5.4%
- Utilities5.0%
- Technology Services3.9%
- Other classified sectors18.4%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
16 funds track MSCI Europe, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.31% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - MSCI Europe UCITS ETF DRAccumulating · 0.15% a year | 0.15% | +10.5% | +52.7% | +55.4% |
| Amundi Index Solutions - MSCI Europe UCITS ETF DR DistDistributing · 0.20% a year | 0.20% | +10.5% | +52.7% | +55.4% |
| BNP PARIBAS EASY MSCI EUROPE ETF Capitalisation -UCITS ETF-Accumulating · 0.28% a year | 0.28% | +10.3% | Not reported | Not reported |
| Deka MSCI Europe UCITS ETFDistributing · 0.30% a year | 0.30% | +11.0% | +53.1% | +54.6% |
| HSBC MSCI Europe UCITS ETF Accum EURAccumulating · 0.14% a year | 0.14% | +11.4% | Not reported | Not reported |
| HSBC MSCI Europe UCITS ETF EURThis fundDistributing · 0.14% a year | 0.14% | +11.4% | +54.2% | +55.8% |
| Invesco MSCI Europe UCITS ETFAccumulating · 0.19% a year | 0.19% | +11.2% | +53.7% | +55.0% |
| iShares Core MSCI Europe UCITS ETFDistributing · 0.12% a year | 0.12% | +11.4% | +54.2% | +56.0% |
| iShares Core MSCI Europe UCITS ETFAccumulating · Currency hedged · 0.17% a year | 0.17% | +16.4% | +64.6% | +145.0% |
| iShares Core MSCI Europe UCITS ETF EUR (Acc)Accumulating · 0.12% a year | 0.12% | +11.4% | +54.3% | +56.0% |
| State Street SPDR MSCI Europe UCITS ETFAccumulating · 0.25% a year | 0.25% | +10.5% | +52.5% | +54.9% |
| UBS Core MSCI Europe UCITS ETF EUR dis- DistributionDistributing · 0.07% a year | 0.07% | +10.6% | +53.0% | +55.6% |
| UBS Core MSCI Europe UCITS ETF Capitalisation AAccumulating · 0.10% a year | 0.10% | +10.4% | Not reported | Not reported |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1CAccumulating · 0.13% a year | 0.13% | +11.4% | +54.5% | +55.4% |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2CAccumulating · Currency hedged · 0.31% a year | 0.31% | +17.3% | +53.9% | +75.1% |
| Xtrackers MSCI EUROPE UCITS ETF Distribution 1DDistributing · 0.13% a year | 0.13% | +11.2% | +54.5% | +55.7% |
As of
MSCI Europe 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 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 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
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 210 European 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 Europe UCITS ETF EUR (Acc), over the three years to 13/11/2026 (129 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 HMEU?
The ongoing charge of HMEU is 0.14% a year — about £14 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 Europe UCITS ETF EUR 0.14% a year. Compared on 14/11/2026, 176 of the 242 other European share funds charge more, 5 the same and 61 less (share classes counted once).
What does HMEU track?
HMEU tracks the MSCI Europe — large and medium-sized European companies.
Is HMEU accumulating or distributing?
HMEU 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 HMEU?
The ISIN of HMEU is IE00B5BD5K76. An ISIN identifies one exact share class of a fund; HMEU is its ticker on the London Stock Exchange. The same share class is also listed as H4ZE (Xetra, euros).
What does HMEU hold?
As of 06/11/2026, HMEU holds 386 positions, according to its published holdings. The largest is ASML at 4.01% of the fund; the ten largest make up 21.4%. Its ten largest holdings are ASML (4.01%), Roche (2.41%), HSBC (2.16%), Novartis (2.15%), Shell (2.08%), AstraZeneca (2.03%), Nestle (1.95%), SAP (1.72%), Siemens (1.54%) and Allianz (1.38%).
What were HMEU’s returns in each of the last five years?
Calendar-year returns of HMEU in pounds (price only, income paid out not included): 2022 −6.1%, 2023 +10.0%, 2024 +0.8%, 2025 +22.7%; 2026 to 13/11/2026 +7.4%. Past performance is not a guide to future returns.
How has HMEU done after inflation?
Over the five years to 13/11/2026 HMEU’s total return was +55.8%, or +21.6% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- MEUDAmundi Core Stoxx Europe 600 -UCITS ETF Acc- Capitalisation0.07% a year · £19bn
- SMEAiShares Core MSCI Europe UCITS ETF EUR (Acc)0.12% a year · £14bn
- IMEUiShares Core MSCI Europe UCITS ETF0.12% a year · £9.2bn
- 0MLJiShares Core EURO STOXX 50 UCITS ETF (DE)0.11% a year · £8.3bn
- 0MLDiShares STOXX Europe 600 UCITS ETF0.20% a year · £8.2bn
- 0MLHiShares Core DAX UCITS ETF (DE)0.16% a year · £7.5bn
- XMEUXtrackers MSCI EUROPE UCITS ETF Capitalisation 1C0.13% a year · £6.9bn
- CS51iShares Core EURO STOXX 50 UCITS ETF0.10% a year · £6.5bn
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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