Tencent Music

ISIN US88034P1093

WKN A2N7WQ

Market cap (in EUR)

13,437 m

Country

China

Sector

Technology

Dividend yield

1.79%

Overview

Quote

Description

Tencent Music Entertainment Group engages in the business of operating online music entertainment platforms to provide music streaming, online karaoke, and live streaming services. Its product brands include QQ Music, Kugou Music, Kuwo Music, and WeSing. The company was founded on June 6, 2012 and is headquartered in Shenzhen, China.

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Technology Software and Consulting Internet and Data Services China

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Financials

Key metrics

Market capitalisation, EUR	13,437 m
EPS, EUR	0.89
P/B ratio	1.2
P/E ratio	9.7
Dividend yield	1.79%

Income statement (2025)

Revenue, EUR	4,057 m
Net income, EUR	1,363 m
Profit margin	33.60%

What ETF is Tencent Music in?

There are 131 ETFs which contain Tencent Music. All of these ETFs are listed in the table below. The ETF with the largest weighting of Tencent Music is the KraneShares CSI China Internet UCITS ETF USD.

ETF	Weight	Investment focus	Fund size (in m EUR)
HSBC MSCI AC Far East ex Japan UCITS ETF USD (Dist)	0.10%	Equity Asia Pacific	24
iShares MSCI AC Far East ex-Japan UCITS ETF	0.10%	Equity Asia Pacific	1,156
State Street SPDR MSCI EM Asia UCITS ETF USD	0.09%	Equity Asia Pacific	1,210
iShares MSCI EM UCITS ETF (Dist)	0.07%	Equity Emerging Markets	7,525
Xtrackers Portfolio UCITS ETF 1C	0.02%	Equity World Multi-Asset Strategy	676
iShares Moderate Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	38
Franklin FTSE China UCITS ETF	0.25%	Equity China	1,447
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF CHF Hedged (acc)	0.01%	Equity World Social/Environmental	2
HSBC MSCI Emerging Markets UCITS ETF USD	0.07%	Equity Emerging Markets	3,192
iShares Moderate Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	24
iShares Core MSCI Emerging Markets IMI UCITS ETF	0.06%	Equity Emerging Markets	1,334
Invesco FTSE All-World UCITS ETF GBP PfHdg Dist	0.01%	Equity World	16
KraneShares CSI China Internet UCITS ETF EUR	4.59%	Equity China Technology	139
UBS Solactive China Technology UCITS ETF hEUR acc	1.14%	Equity China Technology Innovation	158
HANetf HAN-GINS Tech Megatrend Equal Weight UCITS ETF	0.44%	Equity World Technology Innovation	87
iShares MSCI EM UCITS ETF (Acc)	0.07%	Equity Emerging Markets	6,871
Xtrackers MSCI Emerging Markets UCITS ETF 1C	0.06%	Equity Emerging Markets	9,482
Amundi Prime All Country World UCITS ETF Acc	0.01%	Equity World	1,203
KraneShares CSI China Internet UCITS ETF GBP	4.59%	Equity China Technology	50
Xtrackers MSCI China UCITS ETF 1D	0.21%	Equity China	778
Vanguard LifeStrategy 40% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	36
iShares MSCI ACWI UCITS ETF USD (Dist)	0.01%	Equity World	3
UBS ETF (LU) MSCI Emerging Markets UCITS ETF (USD) A-UKdis	0.07%	Equity Emerging Markets	72
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Acc)	0.00%	Equity World	4,412
Xtrackers MSCI AC World Screened UCITS ETF 2C - EUR Hedged	0.01%	Equity World Social/Environmental	68
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	0.06%	Equity Asia Pacific Social/Environmental	142
Invesco MSCI China All Shares Stock Connect UCITS ETF Acc	0.19%	Equity China	86
UBS MSCI EM Climate Paris Aligned UCITS ETF USD acc	0.10%	Equity Emerging Markets Social/Environmental Climate Change	377
iShares MSCI EM IMI Screened UCITS ETF USD (Dist)	0.07%	Equity Emerging Markets Social/Environmental	1,174
State Street SPDR MSCI All Country World Investable Market UCITS ETF USD Unhedged (Dist)	0.00%	Equity World	86
Xtrackers MSCI China UCITS ETF 1C	0.21%	Equity China	987
Scalable MSCI AC World Xtrackers UCITS ETF 1C	0.01%	Equity World	471
Invesco MSCI Emerging Markets ESG Climate Paris Aligned UCITS ETF Acc	0.23%	Equity Emerging Markets Social/Environmental Climate Change	138
iShares BIC 50 UCITS ETF USD (Dist)	0.38%	Equity Emerging Markets	117
UBS MSCI ACWI Universal UCITS ETF hEUR acc	0.01%	Equity World Social/Environmental	624
Vanguard LifeStrategy 20% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	14
UBS Core MSCI EM UCITS ETF USD dis	0.07%	Equity Emerging Markets	2,054
State Street SPDR MSCI All Country World UCITS ETF USD Hedged (Acc)	0.00%	Equity World	65
State Street SPDR MSCI Emerging Markets UCITS ETF USD	0.08%	Equity Emerging Markets	1,473
Invesco FTSE All-World UCITS ETF EUR PfHdg Acc	0.01%	Equity World	39
Xtrackers MSCI AC World Screened UCITS ETF 1C	0.01%	Equity World Social/Environmental	4,759
JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (acc)	0.06%	Equity Emerging Markets Social/Environmental	1,601
Invesco FTSE All-World UCITS ETF Acc	0.01%	Equity World	2,448
iShares Conservative Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	0
iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)	0.06%	Equity Emerging Markets	31,386
JPMorgan AC Asia Pacific ex Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.06%	Equity Asia Pacific Social/Environmental	0
iShares MSCI China UCITS ETF USD (Acc)	0.30%	Equity China	2,995
UBS MSCI ACWI Universal UCITS ETF USD dis	0.01%	Equity World Social/Environmental	2,057
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF EUR Acc	0.01%	Equity World Social/Environmental	14
Amundi Core MSCI Emerging Markets UCITS ETF Acc	0.08%	Equity Emerging Markets	3,533
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR (acc)	0.01%	Equity World Social/Environmental	1
UBS Solactive China Technology UCITS ETF USD acc	1.14%	Equity China Technology Innovation	218
Xtrackers Emerging Markets Net Zero Pathway Paris Aligned UCITS ETF	0.05%	Equity Emerging Markets Social/Environmental Climate Change	13
UBS MSCI ACWI Universal UCITS ETF hGBP acc	0.01%	Equity World Social/Environmental	268
Vanguard LifeStrategy 40% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	206
iShares MSCI ACWI Screened UCITS ETF USD (Acc)	0.01%	Equity World Social/Environmental	218
iShares MSCI EM IMI Screened UCITS ETF USD (Acc)	0.07%	Equity Emerging Markets Social/Environmental	5,096
First Trust Dow Jones International Internet UCITS ETF Acc	0.84%	Equity World Technology	7
iShares Emerging Markets Equity Enhanced Active UCITS ETF (Dist)	0.09%	Equity Emerging Markets Social/Environmental Multi-Asset Strategy	57
iShares MSCI EM ESG Enhanced CTB UCITS ETF USD (Dist)	0.02%	Equity Emerging Markets Social/Environmental	986
HSBC PLUS Emerging Markets Equity Quant Active UCITS ETF USD Acc	0.14%	Equity Emerging Markets Multi-Factor Strategy	107
UBS MSCI ACWI Universal UCITS ETF hJPY acc	0.01%	Equity World Social/Environmental	97
iShares MSCI EM ESG Enhanced CTB UCITS ETF USD (Acc)	0.02%	Equity Emerging Markets Social/Environmental	7,642
Invesco Emerging Markets Enhanced Equity UCITS ETF Acc	0.11%	Equity Emerging Markets Multi-Factor Strategy	74
iShares MSCI AC Far East ex-Japan UCITS ETF USD (Acc)	0.10%	Equity Asia Pacific	83
Amundi Core MSCI Emerging Markets UCITS ETF EUR Dist	0.08%	Equity Emerging Markets	912
iShares MSCI China Tech UCITS ETF USD (Acc)	1.72%	Equity China Technology Social/Environmental	1,740
Invesco MSCI Emerging Markets Universal Screened UCITS ETF Acc	0.09%	Equity Emerging Markets Social/Environmental	52
Goldman Sachs Alpha Enhanced Emerging Markets Equity Active UCITS ETF USD (Acc)	0.10%	Equity Emerging Markets	267
Franklin FTSE Emerging Markets UCITS ETF USD Capitalisation	0.07%	Equity Emerging Markets	10
BNP Paribas Easy MSCI ACWI SRI S-Series PAB 5% Capped UCITS ETF USD C	0.01%	Equity World Social/Environmental	24
Vanguard LifeStrategy 80% Equity UCITS ETF (EUR) Accumulating	0.00%	Equity World Multi-Asset Strategy	933
Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc	0.71%	Equity China Innovation	122
HSBC MSCI China UCITS ETF USD	0.30%	Equity China	880
iShares MSCI EM Asia UCITS ETF (Acc)	0.09%	Equity Asia Pacific	5,639
iShares Growth Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	20
HSBC MSCI AC Asia Pacific ex Japan Climate Paris Aligned UCITS ETF	0.06%	Equity Asia Pacific Social/Environmental Climate Change	14
Vanguard FTSE All-World UCITS ETF (USD) Accumulating	0.01%	Equity World	31,005
HSBC MSCI AC Far East ex Japan UCITS ETF USD	0.10%	Equity Asia Pacific	334
Amundi MSCI EM Asia ESG Broad Transition UCITS ETF Acc	0.03%	Equity Asia Pacific Social/Environmental Climate Change	533
Amundi MSCI China Tech UCITS ETF USD Acc	1.25%	Equity China Social/Environmental Innovation	17
Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C	0.64%	Equity China Social/Environmental Innovation	31
Vanguard FTSE Emerging Markets UCITS ETF (USD) Distributing	0.07%	Equity Emerging Markets	2,760
UBS MSCI ACWI Universal UCITS ETF hCHF dis	0.01%	Equity World Social/Environmental	45
Xtrackers MSCI AC World Screened UCITS ETF 5C - USD Hedged	0.01%	Equity World Social/Environmental	1
JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF USD (dist)	0.06%	Equity Emerging Markets Social/Environmental	25
JPMorgan Global Emerging Markets Research Enhanced Index Equity (ESG) UCITS ETF EUR (acc)	0.06%	Equity Emerging Markets Social/Environmental	10
UBS MSCI ACWI Universal UCITS ETF hCHF acc	0.01%	Equity World Social/Environmental	1,318
Xtrackers MSCI Emerging Markets UCITS ETF 1D	0.06%	Equity Emerging Markets	294
iShares MSCI ACWI UCITS ETF USD (Acc)	0.01%	Equity World	22,640
iShares Emerging Markets Equity Enhanced Active UCITS ETF USD (Acc)	0.09%	Equity Emerging Markets Social/Environmental Multi-Asset Strategy	835
Vanguard LifeStrategy 80% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	69
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (acc)	0.01%	Equity World Social/Environmental	169
HSBC MSCI Emerging Markets UCITS ETF USD (Acc)	0.07%	Equity Emerging Markets	880
HSBC MSCI China UCITS ETF USD (Acc)	0.30%	Equity China	107
State Street SPDR MSCI All Country World UCITS ETF EUR Hedged (Acc)	0.00%	Equity World	1,087
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF EUR Hedged (acc)	0.01%	Equity World Social/Environmental	17
iShares Conservative Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	15
UBS Core MSCI EM UCITS ETF USD acc	0.07%	Equity Emerging Markets	5,554
Amundi Prime Emerging Markets UCITS ETF DR (C)	0.08%	Equity Emerging Markets	305
Vanguard FTSE Emerging Markets UCITS ETF (USD) Accumulating	0.07%	Equity Emerging Markets	1,645
iShares MSCI Emerging Markets Consumer Growth UCITS ETF USD (Acc)	0.35%	Equity World Consumer Discretionary	36
Franklin MSCI China Paris Aligned Climate UCITS ETF	1.03%	Equity China Social/Environmental Climate Change	8
KraneShares CSI China Internet UCITS ETF USD	4.59%	Equity China Technology	356
iShares MSCI China UCITS ETF USD (Dist)	0.30%	Equity China	378
Invesco FTSE All-World UCITS ETF Dist	0.01%	Equity World	199
Vanguard LifeStrategy 20% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	94
HANetf EMQQ Emerging Markets Internet UCITS ETF	0.79%	Equity Emerging Markets Social/Environmental E-commerce	96
Vanguard LifeStrategy 60% Equity UCITS ETF Accumulating	0.00%	Equity World Multi-Asset Strategy	725
iShares Moderate Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	7
Amundi Core MSCI Emerging Markets UCITS ETF USD Dist	0.08%	Equity Emerging Markets	113
Amundi MSCI Digital Economy UCITS ETF Acc	0.05%	Equity World Technology Social/Environmental Digitalisation	107
UBS MSCI China Universal UCITS ETF USD dis	0.43%	Equity China Social/Environmental Climate Change	206
Xtrackers MSCI Emerging Markets Climate Transition UCITS ETF 1C	0.08%	Equity Emerging Markets Social/Environmental Climate Change	116
iShares Growth Portfolio UCITS ETF EUR (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	77
iShares Conservative Portfolio UCITS ETF GBP Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	3
Amundi Prime All Country World UCITS ETF Dist	0.01%	Equity World	3,343
JPMorgan All Country Research Enhanced Index Equity Active UCITS ETF USD (dist)	0.01%	Equity World Social/Environmental	52
HSBC MSCI Emerging Markets Climate Paris Aligned UCITS ETF	0.10%	Equity Emerging Markets Social/Environmental Climate Change	30
Vanguard FTSE All-World UCITS ETF (USD) Distributing	0.01%	Equity World	19,001
UBS MSCI ACWI Universal UCITS ETF hUSD acc	0.01%	Equity World Social/Environmental	1,150
State Street SPDR MSCI All Country World UCITS ETF USD Unhedged (Acc)	0.00%	Equity World	8,359
iShares Growth Portfolio UCITS ETF USD Hedged (Acc)	0.00%	Equity World Social/Environmental Multi-Asset Strategy	1
Amundi MSCI China Tech UCITS ETF EUR Acc	1.25%	Equity China Social/Environmental Innovation	228
Xtrackers MSCI Emerging Markets ESG UCITS ETF 1C	0.15%	Equity Emerging Markets Social/Environmental	1,468
Amundi MSCI Emerging Markets ESG Broad Transition UCITS ETF DR (C)	0.02%	Equity Emerging Markets Social/Environmental Climate Change	1,444
Invesco FTSE All-World UCITS ETF CHF PfHdg Acc	0.01%	Equity World	32
Invesco FTSE RAFI Emerging Markets UCITS ETF	0.08%	Equity Emerging Markets Fundamental/Quality	74
L&G Emerging Markets Equity UCITS ETF USD Acc	0.09%	Equity Emerging Markets Social/Environmental	111
Vanguard LifeStrategy 60% Equity UCITS ETF Distributing	0.00%	Equity World Multi-Asset Strategy	92
Franklin MSCI Emerging Markets Paris Aligned Climate UCITS ETF	0.10%	Equity Emerging Markets Social/Environmental Climate Change	7

Performance

Returns overview

YTD	-45.70%
1 month	-34.31%
3 months	-45.50%
6 months	-59.29%
1 year	-37.48%
3 years	+14.42%
5 years	-50.28%
Since inception (MAX)	-35.85%
2025	+42.93%
2024	+34.31%
2023	+2.39%
2022	+50.34%

Monthly returns in a heat map

Risk

Risk metrics in this section:

Volatility, annualised, measured for 1, 3 and 5 year periods. The annualised volatility reflects the degree of price fluctuations during a one year period. The higher the volatility, the more significantly the price of the asset (stock, ETF, etc.) has changed in the past. Assets with higher volatility are generally considered more risky. We calculate the volatility based on the data for the past 1, 3 and 5 years so that you can see if price fluctuations for the ETF became stronger or weaker over time.
Return per risk for 1, 3 and 5 year periods. This is the annualised (i.e. converted to a one year period) past return divided by the past annualised volatility. The metric puts the historical return of an asset in relation to its historical risk and gives you a retrospective indication of the degree of price fluctuation you had to bear with in order to obtain the return. We calculate this parameter for 1, 3 and 5 year periods to display its evolution over time.
Maximum drawdown for a period. This shows the worst possible loss an investor could have suffered during the respective period, by first buying and subsequently selling the asset at the least favourable prices. For example, if there was the following sequence of daily ETF prices: 10€, 5€, 12€, 20€, an investor would have suffered the worst loss by buying for 10€ and subsequently selling for 5€. Therefore in this case the maximum drawdown would be (5€ - 10€)/10€ = -50%.

ETF returns include dividend payments (if applicable).