HSBC MSCI USA Islamic Screened UCITS ETF USD (Acc)

HSBC MSCI USA Islamic Screened UCITS ETF USD (Acc) is an exchange-traded fund domiciled in Ireland that seeks to replicate the performance of the MSCI USA Islamic ESG Universal Screened Select Index, a market-capitalization weighted benchmark focusing on large- and mid-cap US equities. It provides investors with targeted exposure to US companies compliant with Shariah principles, excluding those deriving significant revenue from prohibited activities such as alcohol, gambling, tobacco, pork products, adult entertainment, conventional financial services, and defense, while also applying financial screens for debt and interest-bearing securities levels below 33.33%. The ETF integrates environmental, social, and governance (ESG) criteria, qualifying under Article 8 of the Sustainable Finance Disclosure Regulation (SFDR), with an overall ESG score of 79, including environmental (75), social (84), and governance (75) ratings. As an accumulating fund in USD with a total expense ratio of 0.30% p.a., it reinvests dividends, employs physical replication, and holds around 104 securities primarily in technology services, electronic technology, and health technology sectors. Launched in November 2022, it plays a key role in offering Shariah-compliant, sustainable access to the US equity market for ethical investors.