Important risk disclosure

Please click here and read carefully the summary of the key features and risks specific to this fund stated in the offering document prepared by the relevant fund house before making any investment decision.

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IE00BJLML261
HSBC ICAV Global Equity Index Fund

  • Equities
  • Global
  • HKD Cash
  • Accumulating
Invest with
HKD Cash
Payout type
Accumulating
Risk rating
5
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
Product
HKD-denominated passive equity fund tracking the MSCI World Index. Efficient exposure to the large and mid-sized companies in developed markets. 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.
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people
People
One of the largest passive managers in the world; HSBC has been investing passively since 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.
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performance
Performance
Since inception in 2019, has closely tracked the MSCI World Index with low levels of tracking error.
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process
Process
Uses a customised and proprietary technology and risk management systems to optimise tracking. Physical replication is the primary and preferred method of index tracking, although synthetic replications may be deployed at times where it is more efficient.
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cost
Cost
Clean retail share class with no trailer fees to achieve the lowest possible fees.
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selectionCriteria
How it fits in a portfolio
Market indices are not directly investable, and passive funds such as this is the best way to get exposure into the broader market. 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.
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Invest in this fund
Performance
Shows the total return of this accumulating fund, which includes dividends reinvested.
Total returns
All Time
120.56%
YTD
14.16%
1 month
1.86%
6 month
10.85%
1 year
15.48%
3 year
64.32%
5 year
82.14%
As of Aug 2025
Distributions
This is an accumulating fund, so dividends are re-invested at the fund level.
Risk metrics
Max drawdown
-25.10%As of Aug 2025
Volatility
16.73%As of Aug 2025
Calendar returns
YearTotalJanFebMarAprMayJunJulAugSepOctNovDec
2025-3.8%-0.8%-4.4%0.5%6.9%4.6%1.3%1.9%----
202417.6%1.3%4.3%3.3%-3.9%4.3%2.0%1.6%2.5%1.6%-2.1%4.8%-2.9%
202323.5%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%
202122.5%-0.9%2.7%3.4%4.5%1.4%1.4%2.1%2.3%-4.0%5.6%-2.1%4.4%
Load more5 of 7
Top Exposures
NVIDIA Corp5.32%
Microsoft Corp4.47%
Apple Inc4.33%
Amazon.com Inc2.73%
Meta Platforms Inc Class A2.01%
Broadcom Inc1.66%
Alphabet Inc Class A1.55%
Alphabet Inc Class C1.31%
Tesla Inc1.20%
JPMorgan Chase & Co1.05%
Berkshire Hathaway Inc Class B0.85%
Visa Inc Class A0.75%
Eli Lilly and Co0.74%
Mastercard Inc Class A0.64%
Netflix Inc0.63%
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$70.6M
As of 08 Sep 2025
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.

Opinions Any forward-looking statements, prediction, projection or forecast on the economy, stock market, bond market or economic trends of the markets contained in this material are subject to market influences and contingent upon matters outside the control of Endowus HK Limited (“Endowus”) and therefore may not be realised in the future. Further, any opinion or estimate is made on a general basis and subject to change without notice. In presenting the information above, none of Endowus HK Limited, its affiliates, directors, employees, representatives or agents have given any consideration to, nor have made any investigation of the objective, financial situation or particular need of any user, reader, any specific person or group of persons. Therefore, no representation is made as to the completeness and adequacy of the information to make an informed decision. You should carefully consider (i) whether any investment views and products/ services are appropriate in view of your investment experience, objectives, financial resources and relevant circumstances. You may also wish to seek financial advice through a financial advisor or the Endowus platform and independent legal, accounting, regulatory or tax advice, as appropriate.

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