Fund Summary
This ETF aims to track the MSCI China Index — an index of mid- and large-sized companies covering roughly 85% of China’s equity market. Investing in this fund provides access to a regional index investment, for those with confidence in the growth of China’s equity market.
Avrg. annual returns (26/06/2020 - 26/06/2025)
+
22.59%
Fund
HSBC MSCI China UCITS ETF USD
Ticker
HCHS
Category
Index Tracker
Management charges
0.28%
Risk level
7 of 7
Region
China
Currency
GBP
KIID
With investing, your capital is at risk. Past performance is not a reliable guide to current or future performance, and should not be the only thing you consider when selecting a fund.
About this fund

Invest in a global powerhouse

Overview

This fund gives investors exposure to the largest companies in China — one of the fastest growing economies in the world. 

It tracks the MSCI China Index which tracks the top mid- and large-sized companies within China’s stock market. Companies are weighted by market capitalization (value of total shares). This index is a broad representation of China’s growth sectors — like consumer goods, communications, financials and tech.

Sector exposure

This is a region specific index fund, meaning any investment is spread across a range of different equities, but these are confined to one region.  

The dominant sectors are currently consumer goods, communications, financials, and tech. However, China is a high growth economy where trends could shift and new sectors could move into focus.

Index Tracker

This is a passive index fund, meaning it doesn’t hand-pick stocks — it follows a broad benchmark of leading companies within the Chinese equities market.  

Given its region specific exposure, this fund offers less diversity than a global index fund, but isn’t confined to one industry. This fund should make up part of a diverse portfolio, and if used as a sole investment would be overexposed to one region (China).

Managed by HSBC

HSBC Asset Management is part of the wider HSBC Group, boasting over 50 years experience and managing $600 billion (2024).

HSBC focuses on bringing investors a low-cost range of investment products, with particular strength in global equity and ESG offerings.

Managed by HSBC

iShares ETFs are managed by BlackRock, the world’s largest asset manager, with over three decades of experience in index investing. The team applies rigorous quantitative research and disciplined risk management to deliver diversified, cost-effective market exposure.

With a strong emphasis on transparency and innovation, iShares products are built to support efficient, long-term investment strategies. BlackRock’s global scale and local insights help navigate changing markets with confidence.

Managed by HSBC

Invesco is a global asset manager with over $1.4 trillion in assets (2024). They offer over 240 ETFs, covering equities, fixed income, commodities and thematics. 

Founded in 1935, Invesco brings 90 years of experience creating reliable, investor-first solutions.

Managed by HSBC

Vanguard has been providing investment solutions to everyday investors since the 1970s. Today, it manages $10 trillion for over 50 million investors worldwide (2024), sticking to a philosophy of low costs, transparency, and long-term thinking.

Managed by HSBC

This copy is for legal and general

Managed by HSBC

WisdomTree is a global asset manager based in New York. With $116 billion under management (as of April 2025), they are a trusted provider of over 260 ETPs (Exchange Traded Products).

Their investment product philosophy seeks to use unique research to provide investors access to traditionally inaccessible asset classes.

Top holdings

Top companies in the China Fund

Alibaba Group Ltd.

China’s largest e-commerce platform and cloud services provider, often compared to Amazon.

China Construction Bank Corp.

A partially state-owned multinational banking and financial services corporation - one of the largest in the world.

Meituan

Food delivery, entertainment, dining and travel — a Chinese tech powerhouse whose apps power all things consumer goods.

PDD Holdings Inc.

PDD holdings own the Chinese online retail giants Pinduoduo and Temu. Pinduoduo is based in China and Temu is a global retailer with presence in the US, Europe and Australia.

Tencent Holdings Ltd.

A large Chinese internet services and technology company

Xiaomi Corp.

Known for smartphones and smart home products, Xiaomi is a fast-growing tech brand across Asia and beyond.

Why Chip

Investing with Chip is easy

Invest with 0% platform fees

No hidden fees, or fees that will grow over time. You won’t pay more to invest more with Chip X.*

No endless scrolling

We keep it simple with a curated range of funds from some of the world’s biggest asset managers.

Seamless recurring deposits.

Set up recurring deposits directly into your chosen funds and save the payday admin.

Invest your way 

Our Dual Track feature lets you choose from three risk levels, or create your own portfolio from a curated range of funds.

*A monthly or annual ChipX membership fee is required and fund management charges apply.
It only takes minutes

How to invest with Chip

Step 1

Choose your account

Enjoy tax-free returns with a Stocks & Shares ISA and invest without limits with a GIA.

Step 2

Explore your options

Choose to do it yourself and pick your own funds, or choose from our three ready-made options.

Step 3

Let the funds do the work

Easily access your portfolio at your fingertips, and set up recurring deposits to build wealth for the future.

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Looking for guidance

Selected for you

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Have questions?

China Fund FAQ's

Can the companies in the index change?

Yes – as companies move in and out of the MSCI China Index, this will change the holdings of the China Fund. This index will always track the companies within the MSCI China Index.

Is this suitable for new investors?

This depends on your personal goals, time horizon, and risk appetite. Emerging markets can experience higher volatility than developed ones, and should generally be considered as part of a diversified portfolio.

Is this fund diversified?

Yes, within the Chinese market. It includes exposure to companies across various sectors like technology, financials, consumer goods, and industrials – although individual sector weightings may vary over time depending on market conditions.

How much of my portfolio should I put in a China fund?

This depends on your investment goals, risk appetite, and overall strategy. Emerging markets are typically considered a small portion of a well-diversified portfolio.

How much of my portfolio should I put in a China fund?

This depends on your investment goals, risk appetite, and overall strategy. Emerging markets are typically considered a small portion of a well-diversified portfolio.