# HSBC Hang Seng Tech UCITS ETF (HSTC)

**Page:** https://fundology.uk/fund/hstc · ISIN IE00BMWXKN31

## 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, HSTC (HSBC Hang Seng Tech UCITS ETF, ISIN IE00BMWXKN31) closed at £4.05 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 13/11/2026 its price changed by −40.3%, or −53.4% after UK CPIH inflation.

## Summary

HSBC Hang Seng Tech UCITS ETF is an exchange-traded fund (ETF) from HSBC, launched in 2020. It tracks the Hang Seng Tech Index. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.5% a year — about £50 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: **£4.05** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | HSTC |
| ISIN | IE00BMWXKN31 |
| Also listed as | HSTE (London Stock Exchange, US dollars), H4ZX (Xetra, euros) |
| Category | Technology |
| Type | ETF |
| Provider | HSBC |
| Tracks | Hang Seng Tech Index |
| Income | Accumulating |
| Ongoing charge | 0.50% a year (£50 per £10,000) |
| Fund size | £761m |
| Launched | 2020 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 09/12/2020 |

## 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 | -32.95% | -35.33% | income reinvested |
| 3 years | -5.34% | -14.48% | income reinvested |
| 5 years | -40.33% | -53.42% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of HSBC Hang Seng Tech UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −19.4%, 2023 −13.4%, 2024 +21.4%, 2025 +20.5%; 2026 to 13/11/2026 −32.0%. Returns of HSBC Hang Seng Tech UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −35.2%; to 30/09/2025: +45.9%; to 30/09/2024: +7.7%; to 30/09/2023: +2.0%; to 30/09/2022: −30.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -19.4% | -26.2% | Price |
| 2023 | -13.4% | -16.8% | Price |
| 2024 | +21.4% | +17.3% | Price |
| 2025 | +20.5% | +16.4% | Price |
| 2026 to 13/11/2026 | -32.0% | -34.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 23.91% | -37.05% |
| 3 years | 32.21% | -43.00% |
| 5 years | 35.87% | -51.85% |

## Largest fall

Volatility of HSBC Hang Seng Tech UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 23.9% over 1 year, 32.2% over 3 years, 35.9% over 5 years. Largest fall in the price of HSBC Hang Seng Tech UCITS ETF since November 2021, in pounds: −50.5% from 19/11/2021 to 02/02/2024. The lowest 12-month return of HSBC Hang Seng Tech UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −49.7% (12 months to 22/04/2022); the highest was +78.3% (12 months to 07/03/2025). On 13/11/2026 the price of HSBC Hang Seng Tech UCITS ETF was 41.0% below its highest weekly close since November 2021 (03/10/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of HSBC Hang Seng Tech UCITS ETF 0.50% a year. Compared on 14/11/2026, 46 of the 119 other technology funds charge more, 15 the same and 58 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.50%** 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, HSTC holds 31 positions, according to its published holdings. The largest is Xiaomi · Class B at 9.68% of the fund; the ten largest make up 72.0%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Xiaomi · Class B | [1810](https://fundology.uk/stock/1810) | 9.68% |
| 2 | NetEase | [NTES](https://fundology.uk/stock/NTES) | 9.33% |
| 3 | Meituan · Class B | [3690](https://fundology.uk/stock/3690) | 9.22% |
| 4 | Tencent | [700](https://fundology.uk/stock/700) | 8.36% |
| 5 | Alibaba Group | [BABA](https://fundology.uk/stock/BABA) | 8.35% |
| 6 | Byd · Class H | [002594](https://fundology.uk/stock/002594) | 7.38% |
| 7 | Semiconductor Manufacturing International | [981](https://fundology.uk/stock/981) | 5.82% |
| 8 | JD.com · Class A | [JD](https://fundology.uk/stock/JD) | 5.57% |
| 9 | Lenovo Group | [992](https://fundology.uk/stock/992) | 4.44% |
| 10 | Baidu | [BIDU](https://fundology.uk/stock/BIDU) | 3.88% |

## 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 |
|---|---|
| China | 92.0% |
| Hong Kong | 7.6% |
| Not classified | 0.4% |

All 31 holdings: https://fundology.uk/fund/hstc/holdings

## Questions people ask

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

The ongoing charge of HSTC is 0.50% a year — about £50 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 Hang Seng Tech UCITS ETF 0.50% a year. Compared on 14/11/2026, 46 of the 119 other technology funds charge more, 15 the same and 58 less (share classes counted once).

**What does HSTC track?**

HSTC tracks the Hang Seng Tech Index.

**Is HSTC accumulating or distributing?**

HSTC 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 HSTC?**

The ISIN of HSTC is IE00BMWXKN31. An ISIN identifies one exact share class of a fund; HSTC is its ticker on the London Stock Exchange. The same share class is also listed as HSTE (London Stock Exchange, US dollars) and H4ZX (Xetra, euros).

**What does HSTC hold?**

As of 06/11/2026, HSTC holds 31 positions, according to its published holdings. The largest is Xiaomi · Class B at 9.68% of the fund; the ten largest make up 72.0%. Its ten largest holdings are Xiaomi · Class B (9.68%), NetEase (9.33%), Meituan · Class B (9.22%), Tencent (8.36%), Alibaba Group (8.35%), Byd · Class H (7.38%), Semiconductor Manufacturing International (5.82%), JD.com · Class A (5.57%), Lenovo Group (4.44%) and Baidu (3.88%).

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

Calendar-year returns of HSTC in pounds (price, with income reinvested in the fund): 2022 −19.4%, 2023 −13.4%, 2024 +21.4%, 2025 +20.5%; 2026 to 13/11/2026 −32.0%. Past performance is not a guide to future returns.

**How has HSTC done after inflation?**

Over the five years to 13/11/2026 HSTC’s price changed by −40.3%, or −53.4% 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/ie00bmwxkn31)
- [Key investor information document (KIID)](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00bmwxkn31/gb/en/kiid)
- [Factsheet](https://www.assetmanagement.hsbc.co.uk/api/v1/download/document/ie00bmwxkn31/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.