What happened
According to an SEC filing dated February 12, 2026, Nipun Capital, L.P. increased its position in iShares MSCI China ETF (NASDAQ:MCHI) by 116,100 shares during the fourth quarter. The estimated value of this trade was $7.3 million, calculated using the fund’s average closing price for the quarter. The quarter-end value of the position rose by $13.58 million, a figure that reflects both trading activity and market price changes.
What else to know
The fund bought more MCHI, bringing the stake to 22.96% of 13F assets under management.
Top holdings after this filing:
NYSEMKT:INDA: $90.78 million (41.4% of AUM)
NASDAQ:MCHI: $50.31 million (23.0% of AUM)
NYSEMKT:FXI: $46.08 million (21.0% of AUM)
NYSE:TSM: $22.29 million (10.2% of AUM)
NYSEMKT:VWO: $4.96 million (2.3% of AUM)
As of February 12, 2026, shares were priced at $60.58, up 19.4% over the past year, outperforming the S&P 500 by 6.52 percentage points. MCHI’s annualized dividend yield was 2.10%.
The position was 23.2% of the fund’s AUM as of the prior quarter.
ETF overview
Metric
Value
AUM
$7.94 billion
Price (as of market close 2/12/26)
$60.58
Dividend yield
2.10%
1-year total return
19.42%
ETF snapshot
The iShares MSCI China ETF’s investment strategy seeks to track the MSCI China Index, providing exposure to large- and mid-cap Chinese equities listed as H-shares and B-shares.
The portfolio is composed primarily of equity securities representing the top 85% of market capitalization in Chinese equity markets, with sector and issuer weights reflecting index methodology.
Structured as a non-diversified ETF, the fund offers a competitive annualized dividend yield and passively managed exposure to China. The expense ratio is 0.59%.
The iShares MSCI China ETF (MCHI) offers investors targeted access to the Chinese equity market through a broad, market-cap-weighted portfolio. The fund’s strategy emphasizes efficient, liquid exposure to leading Chinese companies, making it a core holding for those seeking to capture China’s market performance. Its scale and index-driven approach provide institutional investors with a cost-effective solution for country-specific allocation.
What this transaction means for investors
Nipun Capital’s purchase of additional stock in the iShares MSCI China ETF (MCHI) suggests a bullish outlook towards the exchange-traded fund. That said, the buy aligns with Nipun Capital’s focus as a specialized asset management firm targeting emerging markets and Asian equities.
MCHI is best for investors who want to increase exposure to the China market. The ETF’s AUM of nearly $8 billion provides good liquidity, and its beta of one indicates reasonable volatility. It also offers a solid dividend yield over 2% although its 0.59% expense ratio isn’t cheap for a passively-managed fund.