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HEMC
+1.18 · +10.89%
£12.04 · LSE
HSBC MSCI Emerging Markets UCITS ETF USD Acc GBP | Global Emerging Markets Equity
HSBC Investment Funds (Luxembourg) S.A. · Ireland
AUM:£416.8M
#– of – in Global Emerging Markets Equity ETFs
ℹ️
Reward Rating
62
Good
45.70% 1Y return
ℹ️
Risk Rating
46
Moderate
Risk Assessment
ℹ️

Educational tool only – Scores are based on historical data, holdings and expense metrics for informational purposes. This is not financial advice or a recommendation to buy or sell any security. Always conduct your own research or consult a qualified financial adviser.

Market Performance

📈 Up 45.7% over the past year, reflecting strong price momentum.

Cost Efficiency

💰 Ongoing charge of 0.15% — among the lowest available for this category.

What is HEMC?

HSBC MSCI Emerging Markets UCITS ETF USD Acc GBP tracks Morningstar EM TME NR USD, providing diversified exposure across 47 holdings. Its ongoing charge is 0.15%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
HEMC delivered 45.7% over the past year. Historical returns only — past performance is not indicative of future results.
Competitive Ongoing Charge
Ongoing charge of 0.15% — reasonable for the index exposure provided.
Moderate Concentration
Top 10 holdings make up 33.2% of the ETF — a moderate level of name concentration.

Openbook Analysis

Performance: Good (62)

The scoring profile reflects moderate historical performance, with a 45.7% 1-year return (historical). The ongoing charge of 0.15% is reasonable for this exposure. Risk indicators are moderate, in line with typical market exposure (historical).

For informational and educational purposes only. Not financial advice. Past performance is not indicative of future results.

ETF Information
AUM£416.8M
Ongoing Charge0.15%
Dividend Yield0.00%
Holdings47
Inception DateJun 2022
DomicileIreland
Distribution–
IndexMorningstar EM TME NR USD
ProviderHSBC Investment Funds (Luxembourg) S.A.
Beta–
CategoryGlobal Emerging Markets Equity
CurrencyGBP
Portfolio Impact

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6168
+7 points · better diversified
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Uses ISF.L (iShares FTSE 100 ETF)
Indicators

Performance Metrics

Historical returns

6M
+26.6%
1Y
+54.1%
3Y
+77.8%
5Y
+70.7%
OpenBook InsightIf you had invested £10,000 in HEMC 5 years ago, it would have grown to £17,072 — a gain of £7,072.

Annual Returns

Calendar year performance

HEMC delivered positive returns in 4 of the last 5 calendar years.
YearHEMC
2026 YTD+23.4%
2025+23.2%
2024+9.1%
2023+1.3%
2022-2.3%
CAGR 4yr+7.4%
4/5 positive yearsAvg return: +10.9%Worst year: -2.3% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
22.3%
Moderate
Momentum
+10.7%
30-day change
Support Level
12.96
Key floor
Key Insights
  • Price is currently trading above all key moving averages.
  • Monitor key support and resistance levels as part of broader risk assessment.

Reward Rating Breakdown

Our reward rating analyses HEMC's attractiveness using 4 weighted factors. Each factor is scored 0-100, then combined using the weights shown below. Past performance does not guarantee future results.

Overall Reward Rating
62
Good REWARD
Data Coverage: %
Factor Framework
Performance
Has the ETF delivered strong historical returns versus similar ETFs?
Cost Efficiency
Is the ETF cheap to own over long periods?
Income
Does it provide attractive and consistent distributions?
Diversification Quality
Does it spread exposure across holdings, sectors, and regions?

📈 Performance

Weight: 30%
63/100

Has the ETF delivered strong historical returns versus similar ETFs? Combines 1/3/5/10-year returns with the Sharpe ratio (risk-adjusted return).

1Y Return
45.70%
Very Good
3Y Return
19.11%
Very Good
5Y Return
0.00%
Weak
10Y Return
0.00%
Weak
Sharpe Ratio
—
No Data

Solid historical performance: 1-year return of 45.70%, 3-year annualised 19.11%, 5-year annualised 0.00%. Past performance is not indicative of future results.

💰 Cost Efficiency

Weight: 30%
65/100

Is the ETF cheap to own over long periods? Low ongoing charges compound into meaningful additional returns over a 10-year horizon.

Ongoing Charge
0.15%
Good
Net Expense Ratio
—
No Data
Annual Turnover
—
No Data
Tracking Difference
—
No Data

Reasonable cost profile: ongoing charge of 0.15%.

💵 Income

Weight: 15%
Not applicable

This is an accumulating ETF. It reinvests distributions inside the fund rather than paying cash to unit-holders, so income metrics don't apply. Reward is scored on the other three factors with the 15% income weight redistributed proportionally.

🌐 Diversification Quality

Weight: 25%
56/100

Does the ETF spread exposure across many holdings, sectors, and regions? Concentrated funds can be doing exactly what they're meant to do — treat the score as context, not a verdict.

Holdings
47
Very Weak
Top 10 Concentration
33.19%
Neutral
Top Sector
Technology33.5%
Weak
Top Region
Asia Developed41.8%
Good

Moderate diversification: 47 holdings, top 10 at 33.2%, Technology sector at 33.5%, Asia Developed at 41.8%.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Past performance is not indicative of future results.

Risk Rating Breakdown

Our risk rating analyses HEMC using 4 weighted factors. A higher score indicates higher risk. This is a framework for understanding exposure — concentrated funds can still be doing exactly what they're meant to do.

Overall Risk Rating
46
Moderate RISK
Data Coverage: 75%
Factor Framework
Holdings Concentration
How much of the fund sits in its largest positions? Few dominant names mean returns ride on those companies.
Market Exposure
Geographic, sector and cyclical dependencies. High single-country or single-sector weight increases macro sensitivity.
Volatility
Historical price movement, beta and drawdowns — how sharply the fund moves relative to the market.
Income Reliability
How dependable the distribution yield is — cyclical-sector dependency and unusually high yields can flag payout risk.

🎯 Holdings Concentration

Weight: 25%
52/100

How much of the fund sits in a small number of positions? If the top holdings dominate, returns will be driven by those specific companies rather than the broader index.

Top 10 Weight
33.19%
Lower Risk
Largest Holding
13.19%
Elevated
Number of Holdings
47
Elevated
HHI (weight²)
247
Low Risk

Moderate holdings concentration: top 10 holdings at 33.2%, largest single position at 13.19%, 47 total holdings.

🌍 Market Exposure

Weight: 25%
55/100

How dependent is the fund on a single country, sector or economic cycle? Heavy exposure to one market means a single macro event can drive most of the return.

Top Region
Asia Developed41.8%
Lower Risk
Top Sector
Technology33.5%
Elevated
Top 2 Sectors
54.12%
Elevated
Cyclical Sectors
40.13%
Moderate

Notable regional or sector dependency: Asia Developed at 41.8%, Technology sector at 33.5%, 40.1% in cyclical sectors.

📊 Volatility

Weight: 35%
35/100

How sharply does the fund move day-to-day and how deep have its drawdowns been? High volatility means wider return outcomes over short horizons.

1Y Volatility
10.88%
Lower Risk
Beta
—
No Data
Max Drawdown
—
No Data

Moderate volatility in line with broad market: 1Y volatility of 10.88% (historical).

💵 Income Reliability

Weight: 15%
Not applicable

This is an accumulating ETF. Distributions are reinvested inside the fund, so there's no dividend-reliability risk to assess. The 15% income weight is redistributed to the other three factors.

Scores are derived from fund-provider disclosures and historical data. For informational and educational purposes only — not investment advice. Risk scoring is model-based and past data does not guarantee future results.
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