# HSBC MSCI Europe UCITS ETF EUR (HMEU)

**Page:** https://fundology.uk/fund/hmeu · ISIN IE00B5BD5K76

## 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, 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.

## 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: **£18.99** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HMEU |
| ISIN | IE00B5BD5K76 |
| Also listed as | H4ZE (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | HSBC |
| Tracks | MSCI Europe |
| Income | Distributing |
| Ongoing charge | 0.14% a year (£14 per £10,000) |
| Fund size | £310m |
| Launched | 2010 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/06/2010 |

## 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 | +11.36% | +7.42% | income reinvested |
| 3 years | +54.15% | +39.27% | income reinvested |
| 5 years | +55.82% | +21.63% | income reinvested |

Returns: as reported (delayed data). Inflation: UK 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 +0.8%, 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 CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -6.1% | -14.1% | Price |
| 2023 | +10.0% | +5.6% | Price |
| 2024 | +0.8% | -2.6% | Price |
| 2025 | +22.7% | +18.5% | Price |
| 2026 to 13/11/2026 | +7.4% | +4.0% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.13% | -10.42% |
| 3 years | 11.99% | -10.42% |
| 5 years | 13.53% | -16.82% |

## Largest fall

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.

## Charges compared with similar funds

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).

## 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 | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - MSCI Europe UCITS ETF DR | 0.15% | +10.5% | +52.7% | +55.4% |
| Amundi Index Solutions - MSCI Europe UCITS ETF DR Dist | 0.20% | +10.5% | +52.7% | +55.4% |
| BNP PARIBAS EASY MSCI EUROPE ETF Capitalisation -UCITS ETF- | 0.28% | +10.3% | — | — |
| Deka MSCI Europe UCITS ETF | 0.30% | +11.0% | +53.1% | +54.6% |
| HSBC MSCI Europe UCITS ETF Accum EUR | 0.14% | +11.4% | — | — |
| HSBC MSCI Europe UCITS ETF EUR (this fund) | 0.14% | +11.4% | +54.2% | +55.8% |
| Invesco MSCI Europe UCITS ETF | 0.19% | +11.2% | +53.7% | +55.0% |
| iShares Core MSCI Europe UCITS ETF | 0.12% | +11.4% | +54.2% | +56.0% |
| iShares Core MSCI Europe UCITS ETF Accum Shs Hedged MXN | 0.17% | +16.4% | +64.6% | +145.0% |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.12% | +11.4% | +54.3% | +56.0% |
| State Street SPDR MSCI Europe UCITS ETF | 0.25% | +10.5% | +52.5% | +54.9% |
| UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution | 0.07% | +10.6% | +53.0% | +55.6% |
| UBS Core MSCI Europe UCITS ETF Capitalisation A | 0.10% | +10.4% | — | — |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1C | 0.13% | +11.4% | +54.5% | +55.4% |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C | 0.31% | +17.3% | +53.9% | +75.1% |
| Xtrackers MSCI EUROPE UCITS ETF Distribution 1D | 0.13% | +11.2% | +54.5% | +55.7% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.14%** 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, 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%.

### Top holdings

Largest positions (as of 06/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 4.01% |
| 2 | Roche | [RO](https://fundology.uk/stock/RO) | 2.41% |
| 3 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 2.16% |
| 4 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 2.15% |
| 5 | Shell | [SHEL](https://fundology.uk/stock/SHEL) | 2.08% |
| 6 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 2.03% |
| 7 | Nestle | [NESN](https://fundology.uk/stock/NESN) | 1.95% |
| 8 | SAP | [SAP](https://fundology.uk/stock/SAP) | 1.72% |
| 9 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 1.54% |
| 10 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 1.38% |

## 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 06/11/2026.

| Country | Weight |
|---|---|
| United Kingdom | 22.0% |
| Switzerland | 15.8% |
| Germany | 13.5% |
| France | 13.2% |
| Netherlands | 8.7% |
| Spain | 5.8% |
| Sweden | 4.8% |
| Italy | 4.3% |
| Other countries | 10.9% |
| Not classified | 1.0% |

The 385 holdings on record (of 386 reported): https://fundology.uk/fund/hmeu/holdings

## 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.

## Fund documents

- [Fund page at HSBC Asset Management](https://www.assetmanagement.hsbc.co.uk/en/individual-investor/funds/ie00b5bd5k76)
- [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b5bd5k76/gb/en/kiid)
- [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00b5bd5k76/gb/en/factsheet)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.