ETF · HSBC
HTWN HSBC MSCI TAIWAN UCITS ETF USD
ISIN IE00B3S1J086London Stock Exchange: HTWNHSBC Holdings Plc
- Emerging markets
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£116.59
on
- Ongoing charge
- 0.50% a year
- Fund size
- £271m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, HTWN (HSBC MSCI TAIWAN UCITS ETF USD, ISIN IE00B3S1J086) closed at £116.59 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 total return was +148.2%, or +93.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +58.6%
- +53.0% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +168.5%
- +142.6% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +148.2%
- +93.7% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £2,482 on 13/11/2026 — about £1,937 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
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 MSCI TAIWAN UCITS ETF USD in pounds (price only, income paid out not included): 2022 −23.0%, 2023 +18.3%, 2024 +26.3%, 2025 +21.8%; 2026 to 13/11/2026 +49.8%. Returns of HSBC MSCI TAIWAN UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +84.9%; to 30/09/2025: +21.9%; to 30/09/2024: +32.9%; to 30/09/2023: +7.9%; to 30/09/2022: −15.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +49.8% | +45.0% | |
| to | +21.8% | +17.6% | |
| to | +26.3% | +22.0% | |
| +18.3% | +13.6% | ||
| −23.0% | −29.5% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +84.9% | +78.4% |
| from | +21.9% | +17.1% |
| from | +32.9% | +29.6% |
| from | +7.9% | +1.4% |
| from | −15.4% | −22.2% |
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)
22.1%over 5 years
| 1 year | 30.8% |
|---|---|
| 3 years | 24.6% |
| 5 years | 22.1% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −31.2%
- From to
- Lowest 12-month return
- −23.3%
- 12 months to
- Highest 12-month return
- +116.7%
- 12 months to
- Below its highest weekly close since November 2021
- 16.4%
- High of , latest
In words: Volatility of HSBC MSCI TAIWAN UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 30.8% over 1 year, 24.6% over 3 years, 22.1% over 5 years. Largest fall in the price of HSBC MSCI TAIWAN UCITS ETF USD since November 2021, in pounds: −31.2% from 14/01/2022 to 28/10/2022. The lowest 12-month return of HSBC MSCI TAIWAN UCITS ETF USD in pounds (price only, income paid out not included) since January 2021 was −23.3% (12 months to 28/10/2022); the highest was +116.7% (12 months to 19/06/2026). On 13/11/2026 the price of HSBC MSCI TAIWAN UCITS ETF USD was 16.4% below its highest weekly close since November 2021 (02/10/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.50%
- a year
- On £10,000
- £50
- a year, roughly
- Over five years
- £248
- of £10,000, before growth
- 92 charge less
- 12 the same
- 47 charge more
Ongoing charge of HSBC MSCI TAIWAN UCITS ETF USD 0.50% a year. Compared on 14/11/2026, 47 of the 151 other emerging-market share funds charge more, 12 the same and 92 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
HSBC MSCI TAIWAN UCITS ETF USD is an exchange-traded fund (ETF) from HSBC, launched in 2011.
It tracks the MSCI Taiwan Capped Index - Benchmark TR Net.
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 paid out to holders as cash, usually a few times a year.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- HTWN
- ISIN
- IE00B3S1J086
- Also listed as
- HTWD (London Stock Exchange, US dollars)
- Provider
- HSBC
- Tracks
- MSCI Taiwan Capped Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.50% a year · about £50 on £10,000
- Fund size
- £271m
- 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
- Emerging markets
Price chart
Over the last year, the closing price went from £76.62 on 14/11/2025 to £116.59 on 13/11/2026 (+52.2%). The lowest close shown was £74.14 on 21/11/2025 and the highest £139.38 on 02/10/2026.
One close a week. Before 27/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
261 weekly closes, from 12/11/2021 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
- 75
- on record
- Ten largest
- 61.5%
- of the whole fund
- Effective number of holdings
- 7.7
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 34.0%
- TSMC
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | TSMC2330Taiwan | 33.98% |
| 2 | MediaTek2454Taiwan | 7.84% |
| 3 | Hon Hai Precision Industry2317Taiwan | 4.41% |
| 4 | Delta Electronics2308Taiwan | 3.29% |
| 5 | ASE Technology3711Taiwan | 2.82% |
| 6 | Fubon Financial2881Taiwan | 1.99% |
| 7 | CTBC Financial2891Taiwan | 1.96% |
| 8 | Nan Ya Plastics1303Taiwan | 1.82% |
| 9 | Elite Material2383Taiwan | 1.75% |
| 10 | United Microelectronics2303Taiwan | 1.67% |
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
- Taiwan98.3%
- United States1.2%
- Not classified0.5%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 75 largest and what changed since .
More of the portfolio
The fund publishes 75 holdings; the ten largest make up 61.5% 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. 99.5% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Electronic Technology73.3%
- Finance14.7%
- Producer Manufacturing3.4%
- Process Industries2.5%
- Communications1.7%
- Retail Trade0.8%
- Technology Services0.8%
- Transportation0.7%
- Other classified sectors1.7%
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, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 253 rolling 12-month returns since January 2021, and of 149 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, 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, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 142 emerging-market share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of HTWN?
The ongoing charge of HTWN 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 MSCI TAIWAN UCITS ETF USD 0.50% a year. Compared on 14/11/2026, 47 of the 151 other emerging-market share funds charge more, 12 the same and 92 less (share classes counted once).
What does HTWN track?
HTWN tracks the MSCI Taiwan Capped Index - Benchmark TR Net.
Is HTWN accumulating or distributing?
HTWN 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 HTWN?
The ISIN of HTWN is IE00B3S1J086. An ISIN identifies one exact share class of a fund; HTWN is its ticker on the London Stock Exchange. The same share class is also listed as HTWD (London Stock Exchange, US dollars).
What does HTWN hold?
As of 06/11/2026, HTWN holds 75 positions, according to its published holdings. The largest is TSMC at 33.98% of the fund; the ten largest make up 61.5%. Its ten largest holdings are TSMC (33.98%), MediaTek (7.84%), Hon Hai Precision Industry (4.41%), Delta Electronics (3.29%), ASE Technology (2.82%), Fubon Financial (1.99%), CTBC Financial (1.96%), Nan Ya Plastics (1.82%), Elite Material (1.75%) and United Microelectronics (1.67%).
What were HTWN’s returns in each of the last five years?
Calendar-year returns of HTWN in pounds (price only, income paid out not included): 2022 −23.0%, 2023 +18.3%, 2024 +26.3%, 2025 +21.8%; 2026 to 13/11/2026 +49.8%. Past performance is not a guide to future returns.
How has HTWN done after inflation?
Over the five years to 13/11/2026 HTWN’s total return was +148.2%, or +93.7% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- EMIMiShares Core MSCI EM IMI UCITS ETF0.18% a year · £31bn
- XMMSXtrackers MSCI Emerging Markets UCITS ETF0.18% a year · £9.9bn
- SEMAiShares MSCI EM UCITS ETF USD (Acc)0.18% a year · £7.6bn
- IEEMiShares MSCI EM UCITS ETF USD (Dist)0.18% a year · £7.0bn
- EDG2iShares MSCI EM CTB Enhanced ESG UCITS ETF0.23% a year · £6.0bn
- CEA1iShares MSCI EM Asia UCITS ETF0.20% a year · £5.8bn
- E127Multi Units LU - Amundi MSCI Emerging Markets II0.14% a year · £4.5bn
- LEMAMulti Units LU - Amundi MSCI Emerging Markets II Acc0.14% a year · £4.4bn
Fund documents and methods
- Fund documents
- Fund page at HSBC Asset Management · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.