ETF · Invesco
IQMX Invesco Emerging Markets Enhanced Equity UCITS ETF AccumUnhedged USD
ISIN IE000U07IGB1London Stock Exchange: IQMXInvesco Ltd.
- Emerging markets
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£4.51
on
- Ongoing charge
- 0.38% a year
- Fund size
- £146m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, IQMX (Invesco Emerging Markets Enhanced Equity UCITS ETF AccumUnhedged USD, ISIN IE000U07IGB1) closed at £4.51 on the London Stock Exchange. Its ongoing charge is 0.38% a year (about £38 on £10,000). Over the year to 13/11/2026 its total return was +17.7%, or +13.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +17.7%
- +13.6% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Invesco Markets II PLC - Invesco Emerging Markets Enhanced Equity UCITS ETF AccumUnhedged USD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +14.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +14.6% | +10.9% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
20.3%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since October 2025
- −15.8%
- From to
- Below its highest weekly close since October 2025
- 13.6%
- High of , latest
In words: Volatility of Invesco Markets II PLC - Invesco Emerging Markets Enhanced Equity UCITS ETF AccumUnhedged USD in pounds, annualised from weekly returns to 13/11/2026: 20.3% over 1 year. Largest fall in the price of Invesco Markets II PLC - Invesco Emerging Markets Enhanced Equity UCITS ETF AccumUnhedged USD since October 2025, in pounds: −15.8% from 19/06/2026 to 06/11/2026. On 13/11/2026 the price of Invesco Markets II PLC - Invesco Emerging Markets Enhanced Equity UCITS ETF AccumUnhedged USD was 13.6% below its highest weekly close since October 2025 (19/06/2026), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.38%
- a year
- On £10,000
- £38
- a year, roughly
- Over five years
- £189
- of £10,000, before growth
- 73 charge less
- 1 the same
- 77 charge more
Ongoing charge of Invesco Markets II PLC - Invesco Emerging Markets Enhanced Equity UCITS ETF AccumUnhedged USD 0.38% a year. Compared on 14/11/2026, 77 of the 151 other emerging-market share funds charge more, 1 the same and 73 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Invesco Markets II PLC - Invesco Emerging Markets Enhanced Equity UCITS ETF AccumUnhedged USD is an exchange-traded fund (ETF) from Invesco, launched in 2025.
It tracks the No Underlying Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.38% a year — about £38 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Emerging markets: Companies in faster-growing but less mature economies such as China, India, Taiwan and Brazil. Prices tend to move more.
Key facts
- Ticker
- IQMX
- ISIN
- IE000U07IGB1
- Also listed as
- IQMA (London Stock Exchange, US dollars), MHQA (Xetra, euros)
- Provider
- Invesco
- Tracks
- No index — the manager chooses the holdings
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.38% a year · about £38 on £10,000
- Fund size
- £146m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Emerging markets
Price chart
Over the last year, the closing price went from £3.93 on 14/11/2025 to £4.51 on 13/11/2026 (+15.0%). The lowest close shown was £3.78 on 21/11/2025 and the highest £5.23 on 19/06/2026.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
58 weekly closes, from 10/10/2025 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 341
- 344 reported in all
- Ten largest
- 34.0%
- of the whole fund
- Effective number of holdings
- 46
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 9.4%
- TSMC
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | TSMC2330 | 9.38% |
| 2 | Samsung Electronics005930 | 7.76% |
| 3 | SK hynix000660 | 4.91% |
| 4 | Tencent700 | 2.63% |
| 5 | MediaTek2454 | 1.73% |
| 6 | ICICI BankICICIBANK | 1.72% |
| 7 | Alibaba GroupBABA | 1.71% |
| 8 | China Construction Bank601939 | 1.50% |
| 9 | HDFC BankHDFCBANK | 1.38% |
| 10 | Reliance IndustriesRELIANCE | 1.25% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- Taiwan27.1%
- South Korea19.4%
- United States13.2%
- Cayman Islands8.8%
- China8.3%
- Brazil4.2%
- South Africa3.2%
- Mexico2.2%
- Other countries13.4%
- Not classified0.2%
By type of asset
- Equity99.8%
- Cash and money market0.2%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
All holdings
The fund publishes 344 holdings; the ten largest make up 34.0% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Sector split
As a share of the whole fund. 83.8% of it is classified by sector; bonds, cash and positions that cannot be matched are left out rather than guessed.
- Electronic Technology35.9%
- Finance17.6%
- Non-Energy Minerals4.1%
- Technology Services3.9%
- Retail Trade3.3%
- Energy Minerals2.8%
- Producer Manufacturing2.8%
- Transportation2.6%
- Other classified sectors10.8%
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The 3 largest falls since October 2025, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1 year among up to 142 emerging-market share funds, not currency-hedged, highest first.
Pro
Pro — currently by invitation
Pro includes the rank among similar funds
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of IQMX?
The ongoing charge of IQMX is 0.38% a year — about £38 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Invesco Markets II PLC - Invesco Emerging Markets Enhanced Equity UCITS ETF AccumUnhedged USD 0.38% a year. Compared on 14/11/2026, 77 of the 151 other emerging-market share funds charge more, 1 the same and 73 less (share classes counted once).
Is IQMX accumulating or distributing?
IQMX is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of IQMX?
The ISIN of IQMX is IE000U07IGB1. An ISIN identifies one exact share class of a fund; IQMX is its ticker on the London Stock Exchange. The same share class is also listed as IQMA (London Stock Exchange, US dollars) and MHQA (Xetra, euros).
What does IQMX hold?
As of 12/11/2026, IQMX holds 344 positions, according to its published holdings. The largest is TSMC at 9.38% of the fund; the ten largest make up 34.0%. Its ten largest holdings are TSMC (9.38%), Samsung Electronics (7.76%), SK hynix (4.91%), Tencent (2.63%), MediaTek (1.73%), ICICI Bank (1.72%), Alibaba Group (1.71%), China Construction Bank (1.50%), HDFC Bank (1.38%) and Reliance Industries (1.25%).
What were IQMX’s returns in each of the last five years?
Calendar-year returns of IQMX in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +14.6%. Past performance is not a guide to future returns.
How has IQMX done after inflation?
Over the year to 13/11/2026 IQMX’s total return was +17.7%, or +13.6% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
Methodology:ReturnsCategoriesAll methods
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