# HSBC MSCI Europe UCITS ETF EUR (HMEU) **Source:** https://fundology.uk/fund/hmeu · ISIN IE00B5BD5K76 · 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 01/10/2026, HMEU (HSBC MSCI Europe UCITS ETF EUR, ISIN IE00B5BD5K76) closed at £18.23 on the London Stock Exchange. Its ongoing charge is 0.14% a year (about £14 on £10,000). Over the five years to 01/10/2026 its total return was +60.5%, or +25.5% after UK CPIH inflation. ## Summary 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. Latest close: **£18.23** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HMEU | | ISIN | IE00B5BD5K76 | | Category | European shares | | Type | ETF | | Provider | HSBC | | Tracks | MSCI Europe | | Income | Distributing | | Ongoing charge | 0.14% a year (£14 per £10,000) | | Fund size | £231m | | Launched | 2010 | | Domicile | Ireland | ## Past returns (periods to 01/10/2026) 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 | +14.25% | +10.66% | income reinvested | | 3 years | +51.51% | +36.72% | income reinvested | | 5 years | +60.51% | +25.48% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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 +0.4%, 2025 +22.0%; 2026 to 30/09/2026 +5.9%. 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: +12.7%; to 30/09/2025: +9.7%; to 30/09/2024: +12.0%; to 30/09/2023: +14.6%; to 30/09/2022: −12.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -6.1% | -14.1% | Price | | 2023 | +10.0% | +5.6% | Price | | 2024 | +0.4% | -3.0% | Price | | 2025 | +22.0% | +17.8% | Price | | 2026 to 30/09/2026 | +5.9% | +2.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 12.83% | -10.42% | | 3 years | 12.03% | -10.42% | | 5 years | 13.50% | -16.82% | ## Largest fall Volatility of HSBC MSCI Europe UCITS ETF EUR in pounds, annualised from weekly returns to 30/09/2026: 12.8% 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 October 2021, in pounds: −16.8% from 12/11/2021 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 30/09/2026 the price of HSBC MSCI Europe UCITS ETF EUR was 4.3% below its highest weekly close since October 2021 (03/07/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI Europe UCITS ETF EUR 0.14% a year, as of 01/10/2026: 167 of the 225 other European share funds charge more, 8 the same and 50 less (share classes counted once). ## Funds tracking the same index 18 funds track MSCI Europe, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.31% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Index Solutions - MSCI Europe UCITS ETF DR | 0.15% | +15.8% | +51.5% | +63.1% | | Amundi Index Solutions - MSCI Europe UCITS ETF DR | 0.20% | +15.8% | +51.5% | +63.1% | | Amundi MSCI Europe UCITS ETF Act -Acc- | 0.25% | +15.8% | +51.0% | +62.2% | | BNP PARIBAS EASY MSCI EUROPE ETF Capitalisation -UCITS ETF- | — | — | — | — | | Deka MSCI Europe UCITS ETF | 0.30% | +15.3% | +50.9% | +56.3% | | HSBC MSCI Europe UCITS ETF Accum EUR | 0.14% | +15.7% | +36.9% | — | | HSBC MSCI Europe UCITS ETF EUR (this fund) | 0.14% | +15.7% | +51.5% | +63.2% | | Invesco MSCI Europe UCITS ETF | 0.19% | +15.7% | +47.4% | +60.5% | | iShares Core MSCI Europe UCITS ETF | 0.12% | +15.8% | +51.6% | +63.4% | | iShares Core MSCI Europe UCITS ETF Accum Shs Hedged MXN | 0.17% | — | — | — | | iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.12% | +15.8% | +51.6% | +63.3% | | State Street SPDR MSCI Europe UCITS ETF | 0.25% | +15.7% | +51.2% | +62.4% | | UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution | 0.10% | +15.9% | +51.8% | +63.2% | | UBS Core MSCI Europe UCITS ETF Capitalisation -USD- | — | — | — | — | | UBS Core MSCI Europe UCITS ETF Capitalisation A | 0.10% | +8.8% | — | — | | Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1C | 0.13% | +15.7% | +51.3% | +63.3% | | Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C | 0.31% | +21.0% | +47.9% | +80.5% | | Xtrackers MSCI EUROPE UCITS ETF Distribution 1D | 0.13% | +15.3% | +51.1% | +63.1% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.14%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 28/09/2026): | Holding | Weight | |---|---| | Capital Cash Ctrl | 15.88% | | ASML | 4.89% | | HSBC | 2.49% | | Roche | 2.16% | | Shell | 2.02% | | Novartis | 1.93% | | AstraZeneca | 1.80% | | Nestle | 1.72% | | Siemens | 1.65% | | SAP | 1.53% | ## 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 | |---|---| | United Kingdom | 21.5% | | Switzerland | 14.8% | | Germany | 14.1% | | France | 13.2% | | Netherlands | 9.6% | | Spain | 6.1% | | Sweden | 5.1% | | Italy | 4.7% | | Other countries | 10.8% | | Not classified | 16.6% | All 404 holdings: https://fundology.uk/fund/hmeu/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.