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HSEM
+1.81 · +9.50%
£20.90 · LSE
HSBC Emerging Market Sustainable Equity UCITS ETF | Global Emerging Markets Equity
HSBC Investment Funds (Luxembourg) S.A. · Ireland
AUM:$156.2M
#– of – in Global Emerging Markets Equity ETFs
ℹ️
Reward Rating
51
Moderate
29.73% 1Y return
ℹ️
Risk Rating
52
Elevated
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 29.7% over the past year, reflecting strong price momentum.

Cost Efficiency

💰 Ongoing charge of 0.18% — competitive for the exposure provided.

What is HSEM?

HSBC Emerging Market Sustainable Equity UCITS ETF tracks Morningstar EM TME NR USD, providing diversified exposure across 45 holdings. Its ongoing charge is 0.18%.

Performance Highlights

Investment Breakdown

Strong Recent Performance
HSEM delivered 29.7% over the past year. Historical returns only — past performance is not indicative of future results.
Competitive Ongoing Charge
Ongoing charge of 0.18% — reasonable for the index exposure provided.
Moderate Concentration
Top 10 holdings make up 39.4% of the ETF — a moderate level of name concentration.

Openbook Analysis

Performance: Moderate (51)

The scoring profile reflects moderate historical performance, with a 29.7% 1-year return (historical). The ongoing charge of 0.18% is reasonable for this exposure. Risk indicators are elevated — volatility warrants consideration (historical).

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

ETF Information
AUM$156.2M
Ongoing Charge0.18%
Dividend Yield0.00%
Holdings45
Inception DateAug 2020
DomicileIreland
Distribution–
IndexMorningstar EM TME NR USD
ProviderHSBC Investment Funds (Luxembourg) S.A.
Beta0.91
CategoryGlobal Emerging Markets Equity
CurrencyUSD
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
+17.5%
1Y
+38.0%
3Y
+79.3%
5Y
+37.8%
OpenBook InsightIf you had invested £10,000 in HSEM 5 years ago, it would have grown to £13,779 — a gain of £3,779.

Annual Returns

Calendar year performance

HSEM delivered positive returns in 4 of the last 5 calendar years.
YearHSEM
2026 YTD+13.0%
2025+29.9%
2024+16.6%
2023+3.6%
2022-18.2%
CAGR 4yr+6.4%
4/5 positive yearsAvg return: +9.0%Worst year: -18.2% (2022)

Technical Analysis Summary

Automated insights from historical price action and indicators

Technical Regime: POSITIVE
Trend Strength
100%
Positive
Volatility
19.2%
Low
Momentum
+4.0%
30-day change
Support Level
21.50
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 HSEM'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
51
Moderate 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%
60/100

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
29.73%
Very Good
3Y Return
15.68%
Very Good
5Y Return
4.10%
Neutral
10Y Return
0.00%
Weak
Sharpe Ratio
—
No Data

Solid historical performance: 1-year return of 29.73%, 3-year annualised 15.68%, 5-year annualised 4.10%. 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
0.18%
Good
Net Expense Ratio
—
No Data
Annual Turnover
—
No Data
Tracking Difference
—
No Data

Reasonable cost profile: ongoing charge of 0.18%.

💵 Income

Weight: 15%
15/100

Does the ETF provide attractive and consistent distributions? Combines the current yield with distribution frequency.

Distribution Yield
0.00%
Very Weak
Distribution Frequency
—
No Data

Low-income profile — better suited as a growth holding: distribution yield of 0.00%.

🌐 Diversification Quality

Weight: 25%
44/100

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
45
Very Weak
Top 10 Concentration
39.44%
Neutral
Top Sector
Technology37.3%
Weak
Top Region
Asia Emerging48.8%
Good

Concentrated but typical for its category: 45 holdings, top 10 at 39.4%, Technology sector at 37.3%, Asia Emerging at 48.8%.

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 HSEM 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
52
Elevated RISK
Data Coverage: 83%
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%
57/100

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
39.44%
Lower Risk
Largest Holding
14.09%
Elevated
Number of Holdings
45
Elevated
HHI (weight²)
277
Low Risk

Moderate holdings concentration: top 10 holdings at 39.4%, largest single position at 14.09%, 45 total holdings.

🌍 Market Exposure

Weight: 25%
72/100

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 Emerging48.8%
Lower Risk
Top Sector
Technology37.3%
Elevated
Top 2 Sectors
59.38%
Elevated
Cyclical Sectors
42.72%
Moderate

High market-exposure risk — returns closely track a narrow slice of the market: Asia Emerging at 48.8%, Technology sector at 37.3%, 42.7% 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
9.38%
Lower Risk
Beta
0.91
Lower Risk
Max Drawdown
—
No Data

Moderate volatility in line with broad market: 1Y volatility of 9.38%, beta of 0.91 (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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