Invesco just launched the All Country World Enhanced Equity ETF (IE000S0JMIY6) – An active multi-factor alternative to VWCE / ACWI?
Hey everyone,
I was tracking Invesco’s factor-based equity ETFs and noticed they officially launched a new fund this week: the Invesco All Country World Enhanced Equity UCITS ETF Acc (ISIN: IE000S0JMIY6 / Ticker: IQAW).
For context, Invesco already had the Developed Markets version (IQGA / IQSA), which applies a quantitative multi-factor process (Value, Quality, and Momentum) managed by their Invesco Quantitative Strategies (IQS) team. Historical data on that Developed Markets strategy showed solid alpha over standard market-cap indices over the past couple of years.
What's new here?
Universe: It covers both Developed and Emerging Markets (benchmarked against MSCI ACWI / FTSE All-World).
Approach: Systematically selects and overweights stocks based on Value, Quality, and Momentum factors while keeping overall risk, sector, and regional exposure close to the broader market.
Portfolio size: Aiming for roughly 400–500 holdings optimized from the ~3,000 global universe.
It looks like a solid "all-in-one" single-ETF option for those who want global coverage (including Emerging Markets) without needing to manually rebalance between MSCI World and EM, while adding a factor layer to try and beat pure passive Beta.
It was launched on August 18, 2026, so holding details and broker listings (Scalable, Trade Republic, etc.) should pop up over the next few days.
WKN: A401Z1
ISIN: IE000S0JMIY6
Ticker: IQAW