HSBC Multi Factor Worldwide Equity UCITS ETF
Equity · Global · Large Cap Blend
Figures refer to the share class ISIN IE00BKZGB098, currency USD, retail share class.
Key facts
- Management company
- HSBC Investment Funds (Luxembourg) S.A.
- Asset class
- Equity
- Geography
- Global
- Strategy
- Large Cap Blend
- Share class currency
- USD
- Share class inception
- 04.07.2014
- Fund size
- 1193 million (as at 14.09.2026)
- Management fee
- 0.25%
- Performance fee
- No
- Liquidity
- Not available in this publication
- UCITS
- Yes
- Risk grade (SRRI)
- Not available in this publication
- Registered in Switzerland
- Yes (qualified investors only)
Price history
Fund and benchmark rebased to 100 at 02.10.2023.
Table view
| Period | From | Fund (100 at start) | Benchmark (100 at start) |
|---|---|---|---|
| 1Y | 03.10.2025 | 118.5 | 116.1 |
| Since 2023 | 02.10.2023 | 176.4 | 186.6 |
NAV per share, distributions not reinvested.
The benchmark is a total-return index and includes reinvested income.
In USD, the currency of the share class shown.
Fund history to 28.09.2026.
Benchmark history to 28.09.2026.
Past performance is not a reliable indicator of future results, and the value of investments can fall as well as rise.
Performance against the benchmark
| 1M | 3M | 6M | YTD | 2025 | 2024 | 2023 | 1Y | 3Y | 5Y | Volatility | Sharpe R. | Max DD | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| FundISIN IE00BKZGB098, currency USD, retail share class | 2.33 | 2.37 | 10.47 | 16.80 | 25.06 | 15.53 | 22.22 | 25.82 | 21.96 | 11.60 | 11.83 | 1.36 | -6.78 |
| BenchmarkMSCI ACWI NR USD | 2.67 | 1.92 | 9.61 | 14.31 | 22.34 | 17.49 | 22.20 | 22.35 | 20.48 | 10.88 | 12.39 | 1.21 | -7.18 |
| Differencefund minus benchmark, in percentage points | -0.34 | 0.45 | 0.86 | 2.49 | 2.73 | -1.96 | 0.02 | 3.47 | 1.48 | 0.72 | – | – | – |
Within the list: OpenList — Active ETFs
Compared with the equity funds on OpenList — Active ETFs (8 funds), each in the share class and currency its list shows. Returns are in each share class's own currency and are not converted.
| This fund | Group median | Position | |
|---|---|---|---|
| Return 1Y | 25.82 | 27.02 | 5 of 8 |
| Return 3Y p.a. | 21.96 | 21.65 | 4 of 8 |
| 3Y p.a. over its own benchmark | 1.48 | 0.42 | 2 of 8 |
| Volatility 3Y | 11.83 | 13.59 | 3 of 7 (1 without a value) |
| Sharpe ratio 3Y | 1.36 | 1.17 | 2 of 7 (1 without a value) |
| Max drawdown 3Y | -6.78 | -8.63 | 3 of 8 |
| Management fee | 0.25% | 0.30% | 1 of 8 |
Position 1 is the highest value, except for volatility and the management fee, where 1 is the lowest; for max drawdown, 1 is the smallest fall.
Return against risk, 3 years
WSP report
Ask WSP which research is available for this fund and what it covers.
Enquire about WSP researchBack to the list: OpenList — Active ETFs
Performance: in %, in the currency of the share class shown. 3Y and 5Y are annualised. Volatility and Sharpe ratio are over three years; Max DD is the largest fall over three years.
– means not applicable. "Not available in this publication" means no value is shown here; it does not mean zero.
Period figures as of 31.08.2026.
This page is advertising within the meaning of the Swiss Financial Services Act. It is not an offer, a recommendation or investment advice. The prospectus and key information document for any fund shown may be obtained free of charge from its management company or Swiss representative
WSP commentary
Draft commentary, machine-generated from the fund's monthly factsheet dated 31.08.2026; key information document (PRIIPs), not yet reviewed by WSP.
Investment rationale
The fund aims to provide long-term capital growth through global equity investing and may suit investors seeking capital appreciation over a five-year time horizon. It is designed for investors willing to accept high day-to-day market fluctuations and prepared to bear losses, and the Key Information Document classifies it as 4 out of 7 on the summary risk indicator scale. With at least 90% invested in shares of companies of any size worldwide, including emerging markets, it can serve as a broad global equity allocation. Its distinct feature is an actively managed multi-factor approach using Value, Quality, Momentum, Low Risk and Size rather than market-cap weighting.
Investment strategy
The stated objective is to provide long-term capital growth. In normal market conditions, the fund invests at least 90% of assets in shares of companies of any size based anywhere in the world, including emerging markets, and may invest in China A-shares through the Shanghai-Hong Kong and/or Shenzhen-Hong Kong Stock Connect, through CAAPs or through funds. It may invest up to 10% in other funds, including other HSBC funds, and up to 10% in total return swaps and contracts for difference; derivatives may also be used for efficient portfolio management and investment purposes, and securities lending may be used up to 30% of assets, though this is not expected to exceed 25%. The fund is actively managed and does not track a benchmark; MSCI All Country World Index / MSCI AC World Net is the reference benchmark used when selecting investments and for performance comparison, while portfolio weights may deviate materially from the benchmark. The share class is USD, income is distributed quarterly, and the recommended holding period is five years.
Investment philosophy
• The investment universe is drawn from the MSCI All Country World Index and consists of shares of companies of any size based anywhere in the world, including emerging markets.
• The Investment Manager ranks stocks from least attractive to most attractive using factor criteria including Value, Quality, Momentum, Low Risk and Size.
• The portfolio is then built quantitatively to maximise exposure to the highest-ranked stocks while minimising risk characteristics through constraints such as sector and company weights.
• As at 31 August 2026, the fund held 413 positions excluding cash; the largest holdings were Apple, NVIDIA, Microsoft, Alphabet, Taiwan Semiconductor, Amazon, Micron Technology, Samsung Electronics, Broadcom and SK hynix.
• Current positioning shows the largest sector weights in Information Technology at 33.99%, Financials at 19.42% and Industrials at 11.11%, and the largest geographic exposure in the United States at 61.16%, followed by Canada at 4.00%, the United Kingdom at 3.97% and Japan at 3.90%.
The asset manager
The fund manager is HSBC Global Asset Management (UK) Limited. The management company named in the Key Information Document is HSBC Investment Funds (Luxembourg) S.A., and HSBC Asset Management is stated to be the brand name for the asset management business of HSBC Group. The issuer is HSBC ETFs PLC, the fund is domiciled in Ireland, and the custodian/depositary is HSBC Continental Europe. The documents also name HSBC Securities Services (Ireland) DAC as fund administrator.
Strengths
The fund is distinguished by its global multi-factor equity approach, with stock selection explicitly based on Value, Quality, Momentum, Low Risk and Size. It is actively managed but built from the MSCI AC World universe, combining broad worldwide equity exposure with material freedom to deviate from benchmark weights. The portfolio is diversified across 413 holdings, while still expressing clear convictions through concentrated exposure to major technology names such as Apple, NVIDIA and Microsoft. Costs stated in the report are an ongoing charge figure of 0.250%, and the ETF structure is supported by listings on multiple exchanges and currencies including London, Xetra, SIX Swiss Exchange and Borsa Italiana.
Risks
The Key Information Document classifies the fund as 4 out of 7, a medium risk class, and the fund does not include protection from future market performance, so investors could lose some or all of their investment. The documents identify market risk from movements in investible securities driven by political and economic news, government policy, demographic and cultural changes, and natural or human-caused disasters. Currency risk is present because overseas investments are held and exchange-rate movements can reduce value, and the Key Information Document notes investors may receive payments in a different currency. Additional risks named include liquidity, counterparty, operational, investment leverage and exchange rate risk, while derivatives, total return swaps, contracts for difference and securities lending can add leverage and cause pricing and volatility to diverge from underlying assets. The fund’s global equity exposure, including emerging markets and China A-shares, also contributes to its overall risk profile.