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Invesco MSCI China Technology All Shares Stock Connect UCITS ETF AccIndex, costs, backtest, listings and taxation

ISIN: IE00BM8QS095Ticker: MCHT (Borsa Italiana) · ICNT (Xetra) · MCHT (London SE) · MCHT (SIX)Issuer: InvescoClass: Acc
Issuer-declared data
Declared index
MSCI China Technology All Shares Stock Connect Select Index
TER
0.49%
Transaction costs
0.06% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Fund assets
129.3 mln EUR
NAV
29.97 USD (1 September 2026)
Domicile
Ireland
Inception date
11 June 2021
Data as declared by Invesco in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc tracks the issuer-declared index: MSCI China Technology All Shares Stock Connect Select Index. The declared annual cost (TER) is 0.49%, plus 0.06% in transaction costs estimated by the issuer in the KID. Replication is physical replication (it buys the index constituents); income is accumulated and reinvested in the fund. The fund has assets of about 129 million euro, was launched on 11 June 2021 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

Investment objective: The objective of the Fund is to achieve the net total return performance of the MSCI China Technology All Shares Stock Connect Select Index (the "Index"), less fees, expenses and transaction costs.

Keep reading the KID section ▾

Intended Retail InvestorThe Fund is intended for investors aiming for long term capital growth, who may not have specific financial expertise but are able to make an informed investment decision based on this document, the supplement, and the prospectus, have a risk appetite consistent with the risk indicator displayed below and understand that there is no capital guarantee or protection (100% of capital is at risk). Investment approach: The Fund is a passively managed ETF. To achieve the investment objective, the Fund will, as far as possible and practicable, hold all the securities in the Index in their respective weightings. The Fund may use derivative instruments for the purposes of managing risk, reducing costs, generating additional capital or income. The Fund may engage in securities lending, whereby 90% of the revenues arising from securities lending will be returned to the Fund and 10% of the revenues will be retained by the securities lending agent. The Fund may be exposed to the risk of the borrower defaulting on its obligation to return the securities at the end of the loan period and of being unable to sell the collateral provided to it if the borrower defaults. The Fund’s base currency is USD. Practical Information Fund Depositary: The Bank of New York Mellon SA/NV, Dublin Branch, Riverside Two, Sir John Rogerson’s Quay, Grand Canal Dock, Dublin 2, D02 KV60, Ireland. Find out more: This document is specific to the Fund. Further information about the Fund can be obtained from the supplement, the prospectus, annual and interim reports. The prospectus, annual and interim reports are prepared for the Umbrella Fund, of which the Fund is a sub-fund. These documents are available free of charge in English. They can be obtained along with other information, such as share prices, at https://etf.invesco.com (select your country and navigate to the Documents section on the product page), or by calling +353 1 439 8000. The assets of the Fund are segregated as a matter of Irish law and as such, in Ireland, the assets of one sub-fund will not be available to satisfy the liabilities of another sub-fund. This position may be considered differently by the courts in jurisdictions outside of Ireland. Subject to satisfying certain criteria as set out in the prospectus, investors may be able to exchange their investment in the Fund for shares in another sub-fund of the Umbrella which is being offered at that time. The Index: The Index is designed to reflect the performance of large and mid-capitalisation technology stocks of the Chinese equity market across China A shares, China B shares, China H shares, Red chips, P chips and foreign listings (e.g. American Depositary Receipts ("ADRs")). The Index aims to represent the performance of a set of companies that are expected to derive significant revenue from the development of new products and services from technology innovations leading to breakthroughs in areas such as internet and digitisation, mobility, autonomous technology, industrial automation and digital healthcare. The Index is rebalanced on a semi-annual basis. This document provides a summary of the principal features of the Index, the

From the KID’s “Objectives” section · 14 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.49%: above the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: -0.63% p.a., against a declared TER of 0.49%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Jun 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-33.5%
Annualised
-7.5%
Volatility (ann.)
30.2%
Max drawdown
-62.70%
-62%-44%-27%-9%+8%Jun 2021Sept 2022Jan 2024May 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)-33%Jun 2021Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-20%-40%-60%-80%202120222023202420252026−62.70% · 02 Feb 2024
Max drawdown
-62.70%
peak → trough
Trough
02 Feb 2024
from the 29 Jun 2021 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
1,892 days
decline + recovery: peak to break-even · ≈ 5 years and 2 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
29 Jun 202102 Feb 2024-62.70%ongoing1,892
11 Jun 202116 Jun 2021-2.71%18 Jun 20217
18 Jun 202122 Jun 2021-1.77%23 Jun 20215

Calendar-year returns

2021
-18.1%
2022
-30.7%
2023
-18.6%
2024
20.3%
2025
32.2%
2026
-9.5%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20262.7-5.2-6.78.33.1-4.3-2.7-1.1-3.3-9.5
20251.215.1-1.0-4.61.82.92.58.914.5-5.7-4.80.032.2
2024-15.110.83.35.7-0.6-3.30.21.127.5-4.2-2.61.320.3
202313.7-12.95.5-9.0-6.95.111.5-10.1-8.2-3.8-0.1-1.1-18.6
2022-7.2-4.9-9.6-6.03.710.7-9.3-1.1-16.6-16.223.63.9-30.7
2021-13.3-0.5-6.37.8-4.7-6.0-18.1
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Invesco. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.63% /anno
Declared TER
0.49%
YearFundIndexDifference
2025+32.19%+32.99%-0.80%
2024+20.34%+21.01%-0.67%
2023-18.57%-18.15%-0.42%
2022-30.72%-30.44%-0.28%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 years
Volatility (ann.)23.56%26.32%29.83%
Max drawdown-19.36%-28.11%-56.57%
Sharpe-0.350.19-0.13
Sortino-0.470.28-0.20
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
101
Top-10 weight
52.6%

Top 10 holdings

TENCENT HOLDINGS LTD HKD0.00002
10.64%
ALIBABA GROUP HOLDING LTD HKD 0.0000
9.18%
CONTEMPORARY AMPEREX TECHN-A CNY 1.0000
7.60%
XIAOMI CORP-CLASS B USD0.0000025
6.71%
JD.COM INC - CL A HKD 0.0000
3.50%
CAMBRICON TECHNOLOGIES-A CNY 1.0000
3.49%
FOXCONN INDUSTRIAL INTERNE-A CNY 1.0000
3.15%
CHINA YANGTZE POWER CO LTD-A CNY 1.0000
3.05%
LENOVO GROUP LTD NPV
2.77%
BAIDU INC-CLASS A HKD 0.0000
2.52%

Sectors

Information Technology
30.3%
Consumer Discretionary
22.3%
Communication Services
16.9%
Industrials
15.5%
Materials
6.0%
Utilities
4.3%
Financials
1.5%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChina: 100%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFranceGabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIrelandIranIraqIcelandIsraelItalyJamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
China100%
Download the full portfolio — Excel, 101 rows
Full portfolio declared by Invesco, as of 1 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BM8QS095MCHT
  • Moneyfarmzero on single buys from 1,000 €, agreement until 31 December 2026
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)MCHT2 Jul 2021
Börse DüsseldorfICNT18 Jun 2021
Börse FrankfurtICNT17 Jun 2021
Börse HamburgICNT25 Oct 2021
Börse HannoverICNT9 Dec 2024
Börse München / gettexICNT24 Jun 2021
Börse StuttgartICNT1 Jul 2021
Tradegate ExchangeICNT2 Jul 2021
Xetra (Deutsche Börse)ICNT17 Jun 2021
+ 19 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Invesco MSCI China Technology All Shares Stock Connect UCITS ETF Acc track?
The issuer Invesco declares the benchmark: MSCI China Technology All Shares Stock Connect Select Index.
How much does MCHT cost?
The issuer-declared TER is 0.49% per year; the transaction costs estimated in the KID are 0.06%.
How is MCHT taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of MCHT?
The fund size declared by Invesco is about 129 million euro.
When was MCHT launched?
The fund was launched on 11 June 2021: it has 5 years of history.
How does MCHT replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Physical”).
Does MCHT pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does MCHT trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (MCHT), Börse Düsseldorf (ICNT), Börse Frankfurt (ICNT), Börse Hamburg (ICNT), Börse Hannover (ICNT), Börse München / gettex (ICNT).
What was MCHT's worst fall?
Over the available history (since 2021), the maximum drawdown was -62.70%, reached in February 2024. Past performance is not indicative of future results.
What is MCHT's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.63% per year versus its index (from issuer-declared series).
How many securities does MCHT hold?
The declared portfolio holds 101 securities; the top 10 positions weigh 52.6%.
Transparency note
The data in this sheet is declared by Invesco in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.