CNEW - VanEck China New Economy ETF | China equities | Dividends

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VanEck Vectors China New Economy ETF CNEW

Fund description: CNEW gives investors a portfolio of the most fundamentally sound companies in China having the best 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

 

  • Exchange

    ASX
  • ASX code

    CNEW
  • Bloomberg index code

    CSIN1086
  • Index provider

    China Securities Index Co, Ltd.
  • NAV1

    $9.31
  • Units outstanding1

    15,505,020
  • Net assets1

    $144.4M
  • Number of holdings1

    119
  • Inception date2

    08-Nov-18
  • ASX commencement

    09-Nov-18
1As of the close of the previous trading day.
2The date the ETF was seeded prior to quotation on ASX.

as at 27-Oct-20

The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 3pm next business day.

Distribution history

Anticipated dividend & capital gains frequency: One each year
Dividend
Period
Ending
Payment Date Cash Dividend
(cents per unit, AUD)
Part subject to
interest
withholding tax
(cents per unit, AUD)
Part subject to
dividend
withholding tax
(cents per unit, AUD)
Part subject to
fund payment
withholding tax
(cents per unit, AUD)
Income year
to which the
dividend relates
30-Jun-20 24-Jul-20 12.000000 0.000000 0.000000 0.000000 2020
30-Jun-19 22-Jul-19 7.000000 0.000000 0.000000 0.000000 2019
Distribution figures in the table above represent past distributions declared and paid by the above Fund. There is no guarantee that a distribution will be declared, or that if declared, the amount of any distribution would remain constant or increase over time. Tax consequences of distributions may vary between investors as taxpayers. See the PDS for more details.

Tax Attribution - click here