"HSBC MSCI AC Far East ex Japan UCITS ETF USD" is an exchange-traded investment fund (ETF). It refers to the MSCI AC Far East ex Japan Index. This index reflects the development of 562 Asia-Pacific stocks and is therefore very well diversified. The ETF replicates its index using full physical replication, so it contains all the securities of its reference index. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company HSBC ETF claims a total expense ratio (TER) of 0.45% per year. The yearly average divergence from the index performance (Tracking Difference) since 2014 was 0.48% per year. Therefore, the ETF was slightly more expensive than the TER suggests.