# HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR (HPAE)

**Page:** https://fundology.uk/fund/hpae · ISIN IE00BP2C0316

## 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, HPAE (HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR, ISIN IE00BP2C0316) closed at £24.78 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +32.2%, or +3.2% after UK CPIH inflation.

## Summary

HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR is an exchange-traded fund (ETF) from HSBC, launched in 2021. It tracks the MSCI ACWI Climate Paris Aligned Index — large and medium-sized companies across developed and emerging markets. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.15% a year — about £15 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

Latest close: **£24.78** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HPAE |
| ISIN | IE00BP2C0316 |
| Category | Sustainable & clean energy |
| Type | ETF |
| Provider | HSBC |
| Tracks | MSCI ACWI Climate Paris Aligned Index |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £31.9m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 05/08/2021 |

## 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 | +9.10% | +5.23% | income reinvested |
| 3 years | +47.51% | +33.27% | income reinvested |
| 5 years | +32.19% | +3.19% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund): 2022 −7.8%, 2023 +14.7%, 2024 +2.4%, 2025 +21.5%; 2026 to 13/11/2026 +8.2%. Returns of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +8.3%; to 30/09/2025: +11.9%; to 30/09/2024: +17.8%; to 30/09/2023: +16.7%; to 30/09/2022: −10.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.8% | -15.6% | Price |
| 2023 | +14.7% | +10.1% | Price |
| 2024 | +2.4% | -1.1% | Price |
| 2025 | +21.5% | +17.3% | Price |
| 2026 to 13/11/2026 | +8.2% | +4.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 14.23% | -11.63% |
| 3 years | 12.58% | -11.63% |
| 5 years | 14.03% | -18.55% |

## Largest fall

Volatility of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR in pounds, annualised from weekly returns to 13/11/2026: 14.2% over 1 year, 12.6% over 3 years, 14.0% over 5 years. Largest fall in the price of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR since November 2021, in pounds: −17.5% from 31/12/2021 to 14/10/2022. The lowest 12-month return of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR in pounds (price, with income reinvested in the fund) since August 2021 was −13.5% (12 months to 14/10/2022); the highest was +24.8% (12 months to 17/04/2026). On 13/11/2026 the price of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR was 1.5% below its highest weekly close since November 2021 (07/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR 0.15% a year. Compared on 14/11/2026, 162 of the 177 other sustainable and clean-energy funds charge more, 7 the same and 8 less (share classes counted once).

## Funds tracking the same index

2 funds track MSCI ACWI Climate Paris Aligned Index, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.18% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| HSBC MSCI EUROPE CLIMATE PARIS ALIGNED UCITS ETF AccumEUR (this fund) | 0.15% | +9.1% | +47.5% | +32.2% |
| HSBC MSCI World Climate Paris Aligned UCITS ETF AccumUSD | 0.18% | +7.1% | +54.4% | — |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** per year (as of 13/11/2026)
- 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, HPAE holds 249 positions, according to its published holdings. The largest is ASML at 4.36% of the fund; the ten largest make up 21.8%.

### 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) | 4.36% |
| 2 | Roche | [RO](https://fundology.uk/stock/RO) | 2.66% |
| 3 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 2.46% |
| 4 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 2.42% |
| 5 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 2.08% |
| 6 | SAP | [SAP](https://fundology.uk/stock/SAP) | 1.89% |
| 7 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 1.56% |
| 8 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 1.52% |
| 9 | Schneider Electric | [SU](https://fundology.uk/stock/SU) | 1.45% |
| 10 | ABB | [ABBN](https://fundology.uk/stock/ABBN) | 1.44% |

## 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 |
|---|---|
| Switzerland | 18.3% |
| United Kingdom | 17.5% |
| France | 12.7% |
| Germany | 11.2% |
| Netherlands | 8.1% |
| Spain | 6.1% |
| Sweden | 6.0% |
| Italy | 5.1% |
| Other countries | 13.9% |
| Not classified | 1.2% |

All 249 holdings: https://fundology.uk/fund/hpae/holdings

## Questions people ask

**What is the ongoing charge of HPAE?**

The ongoing charge of HPAE is 0.15% a year — about £15 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 CLIMATE PARIS ALIGNED UCITS ETF AccumEUR 0.15% a year. Compared on 14/11/2026, 162 of the 177 other sustainable and clean-energy funds charge more, 7 the same and 8 less (share classes counted once).

**What does HPAE track?**

HPAE tracks the MSCI ACWI Climate Paris Aligned Index — large and medium-sized companies across developed and emerging markets.

**Is HPAE accumulating or distributing?**

HPAE is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of HPAE?**

The ISIN of HPAE is IE00BP2C0316. An ISIN identifies one exact share class of a fund; HPAE is its ticker on the London Stock Exchange.

**What does HPAE hold?**

As of 06/11/2026, HPAE holds 249 positions, according to its published holdings. The largest is ASML at 4.36% of the fund; the ten largest make up 21.8%. Its ten largest holdings are ASML (4.36%), Roche (2.66%), Novartis (2.46%), AstraZeneca (2.42%), HSBC (2.08%), SAP (1.89%), Allianz (1.56%), Siemens (1.52%), Schneider Electric (1.45%) and ABB (1.44%).

**What were HPAE’s returns in each of the last five years?**

Calendar-year returns of HPAE in pounds (price, with income reinvested in the fund): 2022 −7.8%, 2023 +14.7%, 2024 +2.4%, 2025 +21.5%; 2026 to 13/11/2026 +8.2%. Past performance is not a guide to future returns.

**How has HPAE done after inflation?**

Over the five years to 13/11/2026 HPAE’s total return was +32.2%, or +3.2% 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/ie00bp2c0316)
- [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00bp2c0316/gb/en/kiid)
- [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00bp2c0316/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.