ETF · Invesco
MKUW Invesco MSCI Kuwait UCITS ETF USD
ISIN IE00BK63RN45London Stock Exchange: MKUWInvesco Ltd.
- Emerging markets
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$70.72
on
- Ongoing charge
- 0.50% a year
- Fund size
- £2.9m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, MKUW (Invesco MSCI Kuwait UCITS ETF USD, ISIN IE00BK63RN45) closed at $70.72 on the London Stock Exchange. Its ongoing charge is 0.50% a year (about £50 on £10,000). Over the five years to 13/11/2026 its total return was +24.7%, or −2.7% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.7%
- −4.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +29.2%
- +16.7% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +24.7%
- −2.7% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,247 on 13/11/2026 — about £973 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). 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 Kuwait UCITS ETF USD in pounds (price, with income reinvested in the fund): 2021 +30.2%, 2022 +18.8%, 2023 −13.8%, 2024 +11.6%, 2025 +15.9%; 2026 to 13/11/2026 0.0%. Returns of Invesco MSCI Kuwait UCITS ETF USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +3.9%; to 30/09/2025: +20.5%; to 30/09/2024: +1.8%; to 30/09/2023: −15.4%; to 30/09/2022: +25.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | 0.0% | −3.1% | |
| to | +15.9% | +11.9% | |
| to | +11.6% | +7.8% | |
| −13.8% | −17.3% | ||
| +18.8% | +8.7% | ||
| +30.2% | +24.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +3.9% | +0.2% |
| from | +20.5% | +15.9% |
| from | +1.8% | −0.8% |
| from | −15.4% | −20.5% |
| from | +25.7% | +15.6% |
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)
12.3%over 5 years
| 1 year | 10.4% |
|---|---|
| 3 years | 10.1% |
| 5 years | 12.3% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −23.5%
- From to
- Lowest 12-month return
- −21.7%
- 12 months to
- Highest 12-month return
- +48.8%
- 12 months to
- Below its highest weekly close since November 2021
- 3.4%
- High of , latest
In words: Volatility of Invesco MSCI Kuwait UCITS ETF USD in pounds, annualised from weekly returns to 13/11/2026: 10.4% over 1 year, 10.1% over 3 years, 12.3% over 5 years. Largest fall in the price of Invesco MSCI Kuwait UCITS ETF USD since November 2021, in pounds: −23.5% from 06/05/2022 to 01/12/2023. The lowest 12-month return of Invesco MSCI Kuwait UCITS ETF USD in pounds (price, with income reinvested in the fund) since January 2021 was −21.7% (12 months to 10/11/2023); the highest was +48.8% (12 months to 22/04/2022). On 13/11/2026 the price of Invesco MSCI Kuwait UCITS ETF USD was 3.4% below its highest weekly close since November 2021 (14/08/2026), 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
- 0.50%
- a year
- On £10,000
- £50
- a year, roughly
- Over five years
- £248
- of £10,000, before growth
- 92 charge less
- 12 the same
- 47 charge more
Ongoing charge of Invesco MSCI Kuwait UCITS ETF USD 0.50% a year. Compared on 14/11/2026, 47 of the 151 other emerging-market share funds charge more, 12 the same and 92 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 Kuwait UCITS ETF USD is an exchange-traded fund (ETF) from Invesco, launched in 2019.
It tracks the MSCI Kuwait 20/35 Index.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.5% a year — about £50 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
- MKUW
- ISIN
- IE00BK63RN45
- Provider
- Invesco
- Tracks
- MSCI Kuwait 20/35 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
- 0.50% a year · about £50 on £10,000
- Fund size
- £2.9m
- 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
- USD
- Category
- Emerging markets
Price chart
Over the last year, the closing price went from $70.90 on 14/11/2025 to $70.72 on 13/11/2026 (−0.3%). The lowest close shown was $68.00 on 06/03/2026 and the highest $74.91 on 14/08/2026.
One close a week. Before 04/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Weeks missing from our record are filled from the same history.
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
Top 7 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Kuwait Fin House | 32.00% |
| 2 | Mobile Telecommunications | 17.66% |
| 3 | National Bank Kuwait | 15.95% |
| 4 | Gulf Bank | 11.21% |
| 5 | Mabanee | 10.40% |
| 6 | Warbabank | 10.13% |
| 7 | Boubyan Bank | 2.65% |
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
- Financials72.0%
- Communication Services17.6%
- Real Estate10.4%
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 253 rolling 12-month returns since January 2021, and of 149 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 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, 3 and 5 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 (152 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 MKUW?
The ongoing charge of MKUW is 0.50% a year — about £50 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 Kuwait UCITS ETF USD 0.50% a year. Compared on 14/11/2026, 47 of the 151 other emerging-market share funds charge more, 12 the same and 92 less (share classes counted once).
What does MKUW track?
MKUW tracks the MSCI Kuwait 20/35 Index.
Is MKUW accumulating or distributing?
MKUW 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 MKUW?
The ISIN of MKUW is IE00BK63RN45. An ISIN identifies one exact share class of a fund; MKUW is its ticker on the London Stock Exchange.
What does MKUW hold?
As of 23/09/2026, MKUW holds 7 positions, according to its published holdings. The largest is Kuwait Fin House at 32.00% of the fund; the 7 largest make up 100.0%. Its 7 largest holdings are Kuwait Fin House (32.00%), Mobile Telecommunications (17.66%), National Bank Kuwait (15.95%), Gulf Bank (11.21%), Mabanee (10.40%), Warbabank (10.13%) and Boubyan Bank (2.65%).
What were MKUW’s returns in each of the last five years?
Calendar-year returns of MKUW in pounds (price, with income reinvested in the fund): 2021 +30.2%, 2022 +18.8%, 2023 −13.8%, 2024 +11.6%, 2025 +15.9%; 2026 to 13/11/2026 0.0%. Past performance is not a guide to future returns.
How has MKUW done after inflation?
Over the five years to 13/11/2026 MKUW’s total return was +24.7%, or −2.7% 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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