HIEM
•
Equity
HSBC MSCI EM ISLAMIC ESG ETF USD ACC
TER (bps):
35
AUM (USD m):
41
ISIN:
IE0009BC6K22
Domicile:
Ireland
Share Class Currency:
USD
ESG:
No
Geographical Focus:
Emerging Markets
As of:
14 Nov 2024
Climate Fund:
No
Benchmark
The MSCI EM Islamic ESG Universal Screened Select Index is a subset of the MSCI Emerging Markets Islamic Index (Parent Index) and is made up of large and mid-cap companies (as measured by the market value of their shares) across 24 emerging markets countries, that comply with Shariah investment principles, as defined by the Index Provider. The Index also applies the MSCI ESG Universal Indexes methodology to achieve its ESG objective. The Index excludes the securities with the weakest ESG profile; defines an ESG re-weighting factor that reflects an assessment of both the current ESG profile, based on the current MSCI ESG Rating, as well as the trend in that profile; and re-weights securities from the free-float market cap weights of their Parent Index. The Index is rebalanced on a semi-annual basis. Please refer the Fund’s Supplement for more details on ESG exclusion criteria and MSCI ESG Universal Indices methodology.
PERFORMANCE
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