# HSBC MSCI TAIWAN UCITS ETF USD (HTWN) **Source:** https://fundology.uk/fund/htwn · ISIN IE00B3S1J086 · Data: TradingView (LSE closes and returns, delayed), issuer documents, 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 30/09/2026, HTWN (HSBC MSCI TAIWAN UCITS ETF USD, ISIN IE00B3S1J086) closed at £136.63 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 30/09/2026 its total return was +187.7%, or +124.9% after UK CPIH inflation. ## Summary 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. Latest close: **£136.63** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | HTWN | | ISIN | IE00B3S1J086 | | Category | Emerging markets | | Type | ETF | | Provider | HSBC | | Tracks | MSCI Taiwan Capped Index - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.50% a year (£50 per £10,000) | | Fund size | £61.6m | | Launched | 2011 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) 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 | +93.29% | +87.22% | income reinvested | | 3 years | +212.92% | +182.37% | income reinvested | | 5 years | +187.75% | +124.94% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year 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 +25.6%, 2025 +17.9%; 2026 to 30/09/2026 +82.3%. 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: +91.6%; to 30/09/2025: +17.7%; to 30/09/2024: +32.9%; to 30/09/2023: +7.9%; to 30/09/2022: −18.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -23.0% | -29.5% | Price | | 2023 | +18.3% | +13.6% | Price | | 2024 | +25.6% | +21.3% | Price | | 2025 | +17.9% | +13.9% | Price | | 2026 to 30/09/2026 | +82.3% | +77.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 26.75% | -13.45% | | 3 years | 22.92% | -23.69% | | 5 years | 20.97% | -31.16% | ## Largest fall Volatility of HSBC MSCI TAIWAN UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 26.8% over 1 year, 22.9% over 3 years, 21.0% over 5 years. Largest fall in the price of HSBC MSCI TAIWAN UCITS ETF USD since October 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 30/09/2026 the price of HSBC MSCI TAIWAN UCITS ETF USD was 1.5% below its highest weekly close since October 2021 (25/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of HSBC MSCI TAIWAN UCITS ETF USD 0.50% a year, as of 01/10/2026: 43 of the 140 other emerging-market share funds charge more, 11 the same and 86 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.50%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 28/09/2026): | Holding | Weight | |---|---| | TSMC | 31.60% | | Capital Cash Ctrl | 10.06% | | MediaTek | 9.80% | | Delta Electronics | 4.78% | | Hon Hai Precision Industry | 3.95% | | ASE Technology | 3.00% | | United Microelectronics | 2.24% | | Unimicron Technology | 2.06% | | Elite Material | 1.86% | | Fubon Financial | 1.62% | ## 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 | 98.0% | | United States | 1.4% | | Hong Kong | 0.6% | | Not classified | 10.8% | All 80 holdings: https://fundology.uk/fund/htwn/holdings --- 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.