ETF · Invesco
MCHS Invesco MSCI China All Shares Connect UCITS ETF AccumUSD
ISIN IE00BK80XL30London Stock Exchange: MCHSInvesco Ltd.
- Emerging markets
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£20.45
on
- Ongoing charge
- 0.35% a year
- Fund size
- £90.9m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, MCHS (Invesco MSCI China All Shares Connect UCITS ETF AccumUSD, ISIN IE00BK80XL30) closed at £20.45 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its price changed by −19.3%, or −37.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −17.3%
- −20.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +19.0%
- +7.5% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −19.3%
- −37.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £807 on 13/11/2026 — about £630 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data) and worked out from recorded daily closes. 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 MSCI China All Shares Connect UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2022 −15.0%, 2023 −17.5%, 2024 +16.9%, 2025 +23.5%; 2026 to 13/11/2026 −14.5%. Returns of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −11.5%; to 30/09/2025: +31.1%; to 30/09/2024: +5.0%; to 30/09/2023: −9.6%; to 30/09/2022: −16.5%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −14.5% | −17.2% | |
| to | +23.5% | +19.2% | |
| to | +16.9% | +13.0% | |
| −17.5% | −20.8% | ||
| −15.0% | −22.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −11.5% | −14.6% |
| from | +31.1% | +26.0% |
| from | +5.0% | +2.3% |
| from | −9.6% | −15.0% |
| from | −16.5% | −23.2% |
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)
23.4%over 5 years
| 1 year | 14.9% |
|---|---|
| 3 years | 22.3% |
| 5 years | 23.4% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −40.0%
- From to
- Lowest 12-month return
- −32.4%
- 12 months to
- Highest 12-month return
- +51.5%
- 12 months to
- Below its highest weekly close since November 2021
- 17.7%
- High of , latest
In words: Volatility of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD in pounds, annualised from weekly returns to 13/11/2026: 14.9% over 1 year, 22.3% over 3 years, 23.4% over 5 years. Largest fall in the price of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD since November 2021, in pounds: −40.0% from 10/12/2021 to 02/02/2024. The lowest 12-month return of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since March 2021 was −32.4% (12 months to 02/02/2024); the highest was +51.5% (12 months to 12/09/2025). On 13/11/2026 the price of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD was 17.7% below its highest weekly close since November 2021 (10/12/2021), 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
- 0.35%
- a year
- On £10,000
- £35
- a year, roughly
- Over five years
- £174
- of £10,000, before growth
- 68 charge less
- 4 the same
- 79 charge more
Ongoing charge of Invesco MSCI China All Shares Connect UCITS ETF AccumUSD 0.35% a year. Compared on 14/11/2026, 79 of the 151 other emerging-market share funds charge more, 4 the same and 68 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 MSCI China All Shares Connect UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Invesco, launched in 2021.
It tracks the MSCI China All Shares Stock Connect Select Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.35% a year — about £35 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.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- MCHS
- ISIN
- IE00BK80XL30
- Also listed as
- MCHN (London Stock Exchange, US dollars)
- Provider
- Invesco
- Tracks
- MSCI China All Shares Stock Connect Select Index
- 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
- 0.35% a year · about £35 on £10,000
- Fund size
- £90.9m
- 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 £24.60 on 14/11/2025 to £20.45 on 13/11/2026 (−16.9%). The lowest close shown was £20.06 on 30/10/2026 and the highest £24.60 on 14/11/2025.
One close a week. Before 13/08/2026 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
260 weekly closes, from 12/11/2021 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
- 577
- on record
- Ten largest
- 26.5%
- of the whole fund
- Effective number of holdings
- 72
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 8.1%
- Tencent
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Tencent700 | 8.07% |
| 2 | Alibaba GroupBABA | 5.19% |
| 3 | China Construction Bank601939 | 2.89% |
| 4 | Kweichow Moutai600519 | 2.05% |
| 5 | Ind & Comm Bk of China-H CNY1 | 1.71% |
| 6 | Xiaomi · Class B1810 | 1.69% |
| 7 | Bank of China601988 | 1.38% |
| 8 | Contemporary Amperex Technology300750 | 1.23% |
| 9 | Meituan · Class B3690 | 1.20% |
| 10 | NetEaseNTES | 1.13% |
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 sector
- Financials22.0%
- Information Technology16.4%
- Consumer Discretionary15.7%
- Communication Services11.2%
- Industrials8.7%
- Materials7.7%
- Health Care5.6%
- Consumer Staples5.0%
- Other sectors7.6%
By country
- China99.0%
- United States0.7%
- Hong Kong0.2%
- Singapore0.1%
By type of asset
- Equity99.9%
- Cash and money market0.1%
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 577 holdings; the ten largest make up 26.5% 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.
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, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 244 rolling 12-month returns since March 2021, and of 140 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 2 largest falls since November 2021, 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, every rolling return 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 and 3 years among up to 142 emerging-market share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI EM IMI UCITS ETF, over the three years to 13/11/2026 (153 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
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 MCHS?
The ongoing charge of MCHS is 0.35% a year — about £35 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 MSCI China All Shares Connect UCITS ETF AccumUSD 0.35% a year. Compared on 14/11/2026, 79 of the 151 other emerging-market share funds charge more, 4 the same and 68 less (share classes counted once).
What does MCHS track?
MCHS tracks the MSCI China All Shares Stock Connect Select Index.
Is MCHS accumulating or distributing?
MCHS 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 MCHS?
The ISIN of MCHS is IE00BK80XL30. An ISIN identifies one exact share class of a fund; MCHS is its ticker on the London Stock Exchange. The same share class is also listed as MCHN (London Stock Exchange, US dollars).
What does MCHS hold?
As of 12/11/2026, MCHS holds 577 positions, according to its published holdings. The largest is Tencent at 8.07% of the fund; the ten largest make up 26.5%. Its ten largest holdings are Tencent (8.07%), Alibaba Group (5.19%), China Construction Bank (2.89%), Kweichow Moutai (2.05%), Ind & Comm Bk of China-H CNY1 (1.71%), Xiaomi · Class B (1.69%), Bank of China (1.38%), Contemporary Amperex Technology (1.23%), Meituan · Class B (1.20%) and NetEase (1.13%).
What were MCHS’s returns in each of the last five years?
Calendar-year returns of MCHS in pounds (price, with income reinvested in the fund): 2022 −15.0%, 2023 −17.5%, 2024 +16.9%, 2025 +23.5%; 2026 to 13/11/2026 −14.5%. Past performance is not a guide to future returns.
How has MCHS done after inflation?
Over the five years to 13/11/2026 MCHS’s price changed by −19.3%, or −37.0% 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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