VanEck Vectors China New Economy ETF CNEW
Fund description: CNEW gives investors a portfolio of fundamentally sound companies in China having growth prospects in sectors making up ‘the New Economy’, namely technology, health care, consumer staples and consumer discretionary. CNEW aims to provide investment returns, before fees and other costs, which track the performance of the Index.
Index description: The CSI MarketGrader China New Economy Index aims to select the 120 companies in China with the best growth at a reasonable price (GARP) attributes, which are considered the best drivers of long-term capital appreciation. Companies are selected on the basis of the strength of 24 fundamental indicators across four factor categories: growth, value, profitability and cash flow.
Management style: Replication
Country of domicile: Australia
Bloomberg index codeCSIN1086
Index providerChina Securities Index Co, Ltd.
Number of holdings1120
2The date the ETF was seeded prior to quotation on ASX.
as at 27-Jan-21
Distribution frequency1 each year
Management costs p.a.0.95%
- Investment management team »
- Market Announcements
- CNEW Fact Sheet
- Flyer: Step into tomorrow's prosperity today
- CNEW Index Rebalance
CSI MarketGrader China New Economy Index
All A-shares listed on the Shanghai and Shenzhen Stock Exchanges that are covered and rated by MarketGrader, that are classified as consumer discretionary, consumer staples, health care or technology, and which have not suffered losses for two or more consecutive years.
All Index components are selected based on their overall MarketGrader grade. Built on a scale between 0 and 100, the MarketGrader grade is based on 24 fundamental indicators, which are broken down into four analytical categories: growth, value, profitability and cash flow. All of MarketGrader’s indicators and overall grades are calculated daily for all companies under coverage.
The Index is equally weighted.
Market Capitalisation requirements:
All Index constituents must have a minimum total market cap of RMB 1.38 billion. At least 20% of all Index constituents (24 companies, 6 from each sector) must be designated as large or mid-caps according to MarketGrader’s annual size classification of all Shanghai and Shenzhen-listed equities under coverage.
A minimum 3-month daily traded value of RMB 13.8 million and at least 12-month aggregate trading volume of RMB 345 million as of the selection date.
The Index is reconstituted and rebalanced twice a year on the next trading day after the close of trading on the second Friday in June and December.
Bloomberg index codeCSIN1086
|SHANXI XINGHUACUN FEN WINE-A||
|JIUGUI LIQUOR CO LTD-A||
|SHANDONG LINGLONG TYRE CO -A||
|SHANGHAI BAIRUN INVESTMENT-A||
|SUZHOU TA&A ULTRA CLEAN TE-A||
|GUANGZHOU WONDFO BIOTECH C-A||
|BEIJING WANJI TECHNOLOGY-A||
|LUZHOU LAOJIAO CO LTD-A||
|SICHUAN SWELLFUN CO LTD-A||
|CHANGCHUN HIGH & NEW TECH-A||
|Top ten total (%)||10.84|
Index sector weightings (%) as at 31-Dec-20