ETF · HSBC
HQES HSBC Plus Emerging Mrkts Equity Income Quant Active UCITS ETF
ISIN IE000UERNJ93London Stock Exchange: HQESHSBC Holdings Plc
- Dividend & income
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£9.35
on
- Ongoing charge
- 0.37% a year
- Fund size
- £98.9m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HQES (HSBC Plus Emerging Mrkts Equity Income Quant Active UCITS ETF, ISIN IE000UERNJ93) closed at £9.35 on the London Stock Exchange. Its ongoing charge is 0.37% a year (about £37 on £10,000). Over the year to 13/11/2026 its total return was +16.8%, or +12.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +16.8%
- +12.6% after inflation (UK CPIH)
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 Plus Emerging Mrkts Equity Income Quant Active UCITS ETF in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +12.0%. Returns of HSBC Plus Emerging Mrkts Equity Income Quant Active UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +29.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +12.0% | +8.4% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +29.1% | +24.5% |
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)
20.0%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since August 2025
- −16.7%
- From to
- Below its highest weekly close since August 2025
- 14.7%
- High of , latest
In words: Volatility of HSBC Plus Emerging Mrkts Equity Income Quant Active UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 20.0% over 1 year. Largest fall in the price of HSBC Plus Emerging Mrkts Equity Income Quant Active UCITS ETF since August 2025, in pounds: −16.7% from 19/06/2026 to 06/11/2026. On 13/11/2026 the price of HSBC Plus Emerging Mrkts Equity Income Quant Active UCITS ETF was 14.7% below its highest weekly close since August 2025 (19/06/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.37%
- a year
- On £10,000
- £37
- a year, roughly
- Over five years
- £184
- of £10,000, before growth
- 55 charge less
- 0 the same
- 54 charge more
Ongoing charge of HSBC Plus Emerging Mrkts Equity Income Quant Active UCITS ETF 0.37% a year. Compared on 14/11/2026, 54 of the 109 other dividend and income funds charge more, 0 the same and 55 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
HSBC Plus Emerging Mrkts Equity Income Quant Active UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2025.
It tracks the No Underlying Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.37% a year — about £37 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.
Dividend & income: Funds that pick companies paying regular dividends, or that aim to pay out an income.
Key facts
- Ticker
- HQES
- ISIN
- IE000UERNJ93
- Also listed as
- HQEM (London Stock Exchange, US dollars), H414 (Xetra, euros)
- Provider
- HSBC
- Tracks
- No index — the manager chooses the holdings
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.37% a year · about £37 on £10,000
- Fund size
- £98.9m
- 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
- Dividend & income
Price chart
Over the last year, the closing price went from £8.27 on 14/11/2025 to £9.35 on 13/11/2026 (+13.1%). The lowest close shown was £8.02 on 19/12/2025 and the highest £10.96 on 19/06/2026.
One close a week. Before 24/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
65 weekly closes, from 22/08/2025 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
- 395
- 402 reported in all
- Ten largest
- 31.1%
- of the whole fund
- Effective number of holdings
- 54
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 8.9%
- TSMC
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | TSMC2330Taiwan | 8.91% |
| 2 | Samsung Electronics005930South Korea | 6.26% |
| 3 | SK hynix000660South Korea | 4.71% |
| 4 | Tencent700China | 3.03% |
| 5 | Alibaba GroupBABAChina | 1.83% |
| 6 | MediaTek2454Taiwan | 1.58% |
| 7 | HDFC BankHDFCBANKIndia | 1.37% |
| 8 | Hon Hai Precision Industry2317Taiwan | 1.19% |
| 9 | ICICI BankICICIBANKIndia | 1.17% |
| 10 | Samsung Electronics005930South Korea | 1.02% |
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
- Taiwan24.8%
- China21.0%
- South Korea17.0%
- India13.6%
- Brazil4.3%
- Saudi Arabia2.6%
- South Africa2.6%
- Malaysia2.1%
- Other countries11.7%
- Not classified0.4%
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 402 holdings; the ten largest make up 31.1% 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. 89.0% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Electronic Technology34.7%
- Finance17.9%
- Technology Services6.6%
- Non-Energy Minerals4.5%
- Retail Trade3.7%
- Producer Manufacturing3.3%
- Health Technology2.8%
- Transportation2.6%
- Other classified sectors13.1%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The 3 largest falls since August 2025, 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 and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of HQES?
The ongoing charge of HQES is 0.37% a year — about £37 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 Plus Emerging Mrkts Equity Income Quant Active UCITS ETF 0.37% a year. Compared on 14/11/2026, 54 of the 109 other dividend and income funds charge more, 0 the same and 55 less (share classes counted once).
Is HQES accumulating or distributing?
HQES 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 HQES?
The ISIN of HQES is IE000UERNJ93. An ISIN identifies one exact share class of a fund; HQES is its ticker on the London Stock Exchange. The same share class is also listed as HQEM (London Stock Exchange, US dollars) and H414 (Xetra, euros).
What does HQES hold?
As of 06/11/2026, HQES holds 402 positions, according to its published holdings. The largest is TSMC at 8.91% of the fund; the ten largest make up 31.1%. Its ten largest holdings are TSMC (8.91%), Samsung Electronics (6.26%), SK hynix (4.71%), Tencent (3.03%), Alibaba Group (1.83%), MediaTek (1.58%), HDFC Bank (1.37%), Hon Hai Precision Industry (1.19%), ICICI Bank (1.17%) and Samsung Electronics (1.02%).
What were HQES’s returns in each of the last five years?
Calendar-year returns of HQES in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +12.0%. Past performance is not a guide to future returns.
How has HQES done after inflation?
Over the year to 13/11/2026 HQES’s total return was +16.8%, or +12.6% after UK CPIH inflation. Past performance is not a guide to future returns.
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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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