Important risk disclosure

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HK0000956786
iShares World Equity Index Fund

Equities
Global
HKD Cash
Accumulating

Invest with

HKD Cash

Payout type

Accumulating

Risk rating

About this fund

Description

The Fund seeks to provide investment results that, before fees and expenses, closely track the performance of the FTSE MPF All-World Index (HKD unhedged total return).

Key information

Annual report

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Key fact sheet

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Prospectus

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Our perspective

Why we think this fund is best-in-class

Product

The Fund, formerly the BlackRock World Equity Index Fund, was renamed the iShares World Equity Index Fund in December 2017. Provides investors with passive, low-cost exposure to the FTSE MPF All-World Index. The FTSE MPF All-World Index comprises large- and mid-cap companies from the FTSE All-World Index listed on MPFA-approved exchanges. Unlike the MSCI World Index, the FTSE World Index includes equities from both developed and emerging markets, offering broader global coverage.

People

Part of BlackRock’s iShares suite, a recognized platform with over USD 5 trillion in assets under management within their ETF franchise. iShares has over 25 years of track record, replicating more than 1,600 indexes across Equity and Fixed Income.

Performance

The Fund aims to closely track the FTSE MPF All-World Index, with a low expense ratio that supports cost-effective index replication. Since its inception in 2017, the Fund has effectively tracked the FTSE MPF All-World Index with a difference in performance lower than 0.5% and delivered a risk profile closely aligned with its benchmark.

Process

The Fund is constructed to maintain similar risk characteristics as the benchmark. The portfolio manager will evaluate security-level risk factors such as volatility and market capitalization to assess the trade-off between holding a security and the cost of acquiring it. While the Fund aims for full replication where possible, it may invest via ETFs for markets it cannot access directly.

Cost

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

How it fits in a portfolio

Investors seeking passive, cost-effective exposure to a diversified portfolio of global equities across the developed and emerging markets may consider the Fund as a core equity allocation, given its globally diversified universe of over 2,000 large- and mid-cap equities across both developed and emerging markets. Investors should remain mindful that the Fund is an equity strategy and will likely experience periods of heightened volatility and drawdowns.

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

54.59%

YTD

3.29%

1 month

3.29%

6 month

12.34%

1 year

22.31%

As of Jan 2026

Distributions

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

Risk metrics

Max drawdown

-4.44%As of Jan 2026

Volatility

8.98%As of Jan 2026

Calendar returns

Year	Total	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sep	Oct	Nov	Dec
2026	-	3.3%	-	-	-	-	-	-	-	-	-	-	-
2025	22.6%	3.5%	-0.7%	-3.8%	0.7%	6.9%	4.5%	1.3%	1.8%	3.4%	2.1%	0.3%	1.0%
2024	16.6%	0.8%	4.4%	3.1%	-3.3%	4.1%	1.9%	1.7%	2.4%	1.8%	-2.2%	3.8%	-2.6%
2023	-	-	-	-	-	-	-	-	-	-	-	0.0%	4.7%

Top Exposures

Holdings

Regions

Sectors

NVIDIA Corp	4.44%
Apple Inc	3.76%
Microsoft Corp	3.17%
Amazon.com Inc	2.28%
Alphabet Inc Class A	1.95%
iShares MSCI India ETF	1.73%
Alphabet Inc Class C	1.59%
Meta Platforms Inc Class A	1.55%
Broadcom Inc	1.52%
Taiwan Semiconductor Manufacturing Co Ltd	1.35%

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

1.90% p.a.

Fund facts

ISIN

HK0000956786

Fund house

BlackRock

Fund benchmark

FTSE MPF All World TR HKD

Fund inception date

15 Nov 2023

Fund class currency

HKD

Fund share class

D2 HKD Acc

Oldest share class ISIN

HK0000303906

Oldest share inception date

23 Mar 2017

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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Product Risk Rating Please note that any product risk rating (the “PRR”) provided by us is an internal rating assigned based on our product risk assessment model, and is for your reference only. The PRR is subject to change from time to time. The PRR does not take into account your individual circumstances, objectives or needs and should not be regarded as advice or recommendation to purchase, hold or sell any fund or make any other investment decisions. Accordingly, you should not solely rely on the PRR in making your investment decision in the relevant Fund.

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Disclaimer:

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HK0000956786iShares World Equity Index Fund

HK0000956786
iShares World Equity Index Fund