Invesco Global Enhanced Equity UCITS ETF Acc

What this fund is

Invesco Global Enhanced Equity UCITS ETF Acc is an exchange-traded fund (ETF) from Invesco, traded under the ticker IQGA (ISIN IE000TZ4SIN6). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread broadly across markets worldwide. It passively tracks the MSCI World Total Return (Net) Index index — mirroring that market instead of paying a manager to pick winners, which keeps costs low, and its largest holdings include APPLE INC USD0.00001, NVIDIA CORP USD0.001 and ALPHABET INC-CL A USD0.001. It holds around 495 positions (the ten largest ≈ 27.2%), spreading risk so no single holding decides your outcome.

By geography it is weighted towards ~70.1% United States, ~6.5% Japan and ~3.7% United Kingdom. By industry it concentrates most in ~28.9% Technology and ~17.4% Financials. Investors often use a broad fund like this as a long-term 'core' holding — a single building block that covers much of a global portfolio in one trade. Its ongoing charge (TER) is 0.24% a year — about €24 a year on a €10,000 holding, taken automatically from the fund; counting the trading costs inside the fund, the all-in figure is around 0.29%. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything.

It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. On the standard KID risk scale it is rated 4 out of 7 and its price has swung about 11.6% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2025, and its KID suggests a holding period of 5 years. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Invesco.)