Important risk disclosure

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IE00BJLML261

HSBC ICAV Global Equity Index Fund(IE00BJLML261)

Equities
Global
HKD Cash
Accumulating

Invest with

HKD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund aims to provide long-term capital growth by tracking as closely as possible the performance of the MSCI World Net Total Return Index.

Key information

Annual report

Key fact sheet

Prospectus

Factsheet

Our perspective

Why we think this fund is best-in-class

Product

Passive equity fund tracking the MSCI World Index Provides exposure to about 1,320 of large and mid-sized companies across 23 developed markets countries One of the first passive index products to implement ESG-based exclusions; it does not invest in companies involved in weapons banned by international convention.

People

Managed by HSBC, a global leader in passive investment strategies with a track record dating back to 1988. Strong, global platform consisting of teams specialising in each region (e.g. EM, Americas, Europe/UK, APAC, Japan); trading expertise combined to result in optimal global portfolio.

Performance

Aims to deliver long-term capital growth by seeking investment results that closely correspond to the performance of the index Since inception in 2019, has closely tracked the MSCI World Index with low levels of tracking error.

Process

Utilizes proprietary technology and risk management systems to optimize index tracking and minimize deviations. Employs physical replication as the primary method to track the underlying index by investing in all or a representative sample of its constituents, potentially including some non-index securities, while managing tracking error and trading costs Maintains the capability to deploy synthetic replication in specific instances where it enhances operational efficiency.

Cost

Access to clean retail share class with no trailer fees to achieve the lowest possible fees

How it fits in a portfolio

Investors looking to gain a passive and cost-effective exposure to large and mid-cap companies across the developed market can consider the fund as a core position for equity allocation. Investors should remain mindful that the fund is an equity strategy and will likely experience periods of heightened volatility and drawdowns. The fund is also unlikely to display returns that are identical to the market index due to reasons such as fees.

Invest in this fund

Performance

Returns

NAV

Shows the total return of this accumulating fund, which includes dividends reinvested.

Total returns

Cumulative

Annualised

All Time

126.88%

YTD

-3.04%

1 month

-6.31%

6 month

-0.11%

1 year

19.29%

3 year

57.38%

5 year

62.30%

As of Mar 2026

Distributions

This is an accumulating fund, so dividends are re-invested at the fund level.

Risk metrics

Max drawdown

-25.10%As of Mar 2026

Volatility

16.28%As of Mar 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	2.6%	0.9%	-6.3%	-	-	-	-	-	-	-	-	-
2025	21.1%	3.8%	-0.8%	-4.4%	0.5%	6.9%	4.6%	1.3%	1.9%	3.0%	1.7%	0.6%	0.7%
2024	17.6%	1.3%	4.3%	3.3%	-3.9%	4.3%	2.0%	1.6%	2.5%	1.6%	-2.1%	4.8%	-2.9%
2023	23.5%	7.5%	-2.1%	3.0%	1.9%	-1.4%	6.2%	2.7%	-1.9%	-4.5%	-3.2%	9.3%	4.9%
2022	-18.2%	-5.1%	-2.6%	3.0%	-8.2%	-0.0%	-8.6%	7.9%	-4.2%	-9.2%	7.1%	6.4%	-4.2%
Load more		5 of 8

Top Exposures

Holdings

Regions

Sectors

NVIDIA Corp	5.27%
Apple Inc	4.64%
Microsoft Corp	3.24%
Amazon.com Inc	2.49%
Alphabet Inc Class A	2.08%
Broadcom Inc	1.74%
Alphabet Inc Class C	1.73%
Meta Platforms Inc Class A	1.55%
Tesla Inc	1.30%
JPMorgan Chase & Co	0.99%
Eli Lilly and Co	0.92%
Exxon Mobil Corp	0.91%
Berkshire Hathaway Inc Class B	0.81%
Johnson & Johnson	0.75%
Walmart Inc	0.69%

Top exposures represent up to 15 of the fund's largest exposures for each category. Allocation percentages may not sum up to 100% and can include negative values due to rounding or trading activities by the underlying fund managers, including short positions.

Fund fees

0.40% p.a.

Fund facts

ISIN

IE00BJLML261

Fund house

HSBC AM

Fund size

HK$761.9M

As of 27 Apr 2026

Fund inception date

29 May 2019

Fund class currency

HKD

Fund share class

HC HKD

Oldest share inception date

24 Apr 2019

Pricing frequency

Daily

Warning statements

All investments involve risks (including the possibility of loss of the capital invested) and the price of fund units may go up as well as down.
Past performance is not indicative of future performance.
Although this fund has been authorised by the Hong Kong Securities and Futures Commission (“SFC”), it does not imply an official recommendation or endorsement by the SFC nor does it guarantee the commercial merits of the fund or its performance.
If you are in any doubt, you should clarify with us or seek independent professional advice.

Risk Warnings Investment involves risk. Past performance is not an indicator nor a guarantee of future performance or returns. Projected performance or returns are not guaranteed to materialise. The value of investments and the income from them can go down as well as up, and you may not get the full amount you invested. Rates of exchange may cause the value of investments to go up or down. Individual stock performance does not represent the return of a fund.

The value of the fund can be volatile and can go down substantially within a short period of time. It is possible that a certain amount or all of your investment could be lost.

Generic risk warnings relating to collective investment schemes

Funds are not a bank deposit and not capital guaranteed, and is subject to investment risks, including the possible loss of the principal amount invested. There is no assurance that a fund will have sufficient liquidity to meet redemption requests and that the fund's investment objectives and strategies will be achieved.

The funds' investment may involve substantial market, currency, volatility, liquidity, regulatory and political risks. Some funds may use derivatives, whether for hedging or for investment purposes. The risks associated with derivatives include counterparty/credit, liquidity, valuation, volatility and market risks. The fund's volatility may increase or decrease from its derivative usage and such fund may suffer losses from its derivative usage. Do not invest in these funds unless you fully understand and are willing to assume the risks associated with them.

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