"HSBC MSCI EM Far East UCITS ETF" is an exchange-traded investment fund (ETF). It refers to the MSCI EM Far East Index. This index reflects the development of Emerging Marketsstocks . The ETF replicates its index using physical replication with sampling, so it contains the most important securities of its reference index. The ETF's earnings (dividends) are distributed to the investors. The fund company HSBC ETF claims a total expense ratio (TER) of 0.60% per year. The yearly average divergence from the index performance (Tracking Difference) since 2011 was 0.44% per year. Therefore, the ETF was less expensive than the TER suggests.