# HSBC MSCI Emerging Markets Climate Paris Aligned UCITS ETF (HPEF) **Source:** https://fundology.uk/fund/hpef · ISIN IE000FNVOB27 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (HSBC), 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, HPEF (HSBC MSCI Emerging Markets Climate Paris Aligned UCITS ETF, ISIN IE000FNVOB27) closed at £16.23 on the London Stock Exchange. Its ongoing charge is 0.18% a year (about £18 on £10,000). Over the three years to 01/10/2026 its total return was +49.2%, or +34.7% after UK CPIH inflation. ## Summary HSBC MSCI Emerging Markets Climate Paris Aligned UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2022. It tracks the MSCI Emerging Markets Climate Paris Aligned PAB Index- USD - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.18% a year — about £18 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: **£16.23** (01/10/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HPEF | | ISIN | IE000FNVOB27 | | Category | Sustainable & clean energy | | Type | ETF | | Provider | HSBC | | Tracks | MSCI Emerging Markets Climate Paris Aligned PAB Index- USD - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.18% a year (£18 per £10,000) | | Fund size | £22.2m | | Launched | 2022 | | 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 | +26.28% | +22.32% | income reinvested | | 3 years | +49.23% | +34.66% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of HSBC MSCI Emerging Markets Climate Paris Aligned UCITS ETF 0.18% a year, as of 02/10/2026: 134 of the 163 other sustainable and clean-energy funds charge more, 12 the same and 17 less (share classes counted once). ## Funds tracking the same index 2 funds track MSCI Emerging Markets Climate Paris Aligned PAB Index- USD - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.18% to 0.18% a year (01/10/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF | 0.18% | +21.9% | +63.3% | — | | HSBC MSCI Emerging Markets Climate Paris Aligned UCITS ETF (this fund) | 0.18% | +26.3% | +49.2% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.18%** per year - ISA eligible: yes - SIPP eligible: yes ## What it holds As of 28/09/2026, HPEF holds 338 positions, according to the holdings HSBC publishes. The largest is TSMC at 17.64% of the fund; the ten largest make up 44.6%. ### Top holdings Largest positions (as of 28/09/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | TSMC | [2330](https://fundology.uk/stock/2330) | 17.64% | | 2 | Samsung Electronics | [005930](https://fundology.uk/stock/005930) | 7.38% | | 3 | SK hynix | [000660](https://fundology.uk/stock/000660) | 5.50% | | 4 | Tencent | [700](https://fundology.uk/stock/700) | 3.67% | | 5 | MediaTek | [2454](https://fundology.uk/stock/2454) | 2.87% | | 6 | Delta Electronics | [2308](https://fundology.uk/stock/2308) | 2.37% | | 7 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 1.61% | | 8 | Bharat Electronics | [BEL](https://fundology.uk/stock/BEL) | 1.33% | | 9 | Yuanta Financial | — | 1.15% | | 10 | Grupo Aeroportuario del Pacifico · Class B | — | 1.07% | Source: HSBC, holdings as published, as of 28/09/2026. ## 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 | |---|---| | Taiwan | 31.6% | | South Korea | 17.1% | | China | 16.7% | | India | 10.8% | | Brazil | 4.4% | | Mexico | 3.5% | | South Africa | 3.0% | | Poland | 2.7% | | Other countries | 10.2% | | Not classified | 1.4% | All 338 holdings: https://fundology.uk/fund/hpef/holdings ## Questions people ask **What is the ongoing charge of HPEF?** The ongoing charge of HPEF is 0.18% a year — about £18 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 Emerging Markets Climate Paris Aligned UCITS ETF 0.18% a year, as of 02/10/2026: 134 of the 163 other sustainable and clean-energy funds charge more, 12 the same and 17 less (share classes counted once). **What does HPEF track?** HPEF tracks the MSCI Emerging Markets Climate Paris Aligned PAB Index- USD - Benchmark TR Net — companies in emerging economies such as China, India, Taiwan and Brazil. **Is HPEF accumulating or distributing?** HPEF 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 HPEF?** The ISIN of HPEF is IE000FNVOB27. An ISIN identifies one exact share class of a fund; HPEF is its ticker on the London Stock Exchange. **What does HPEF hold?** As of 28/09/2026, HPEF holds 338 positions, according to the holdings HSBC publishes. The largest is TSMC at 17.64% of the fund; the ten largest make up 44.6%. Its ten largest holdings are TSMC (17.64%), Samsung Electronics (7.38%), SK hynix (5.50%), Tencent (3.67%), MediaTek (2.87%), Delta Electronics (2.37%), Alibaba Group (1.61%), Bharat Electronics (1.33%), Yuanta Financial (1.15%) and Grupo Aeroportuario del Pacifico · Class B (1.07%). **How has HPEF done after inflation?** Over the three years to 01/10/2026 HPEF’s total return was +49.2%, or +34.7% after UK CPIH inflation. Past performance is not a guide to future returns. --- 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.