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

 

  • Exchange

    ASX

  • ASX code

    CNEW

  • Bloomberg index code

    CSIN1086

  • Index provider

    China Securities Index Co, Ltd.

  • NAV1

    $8.94

  • Units outstanding1

    19,305,020

  • Net assets1

    $172.7M

  • Number of holdings1

    120

  • 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 22-Jan-21

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.

Performance history (%) View all ETFs View all indices

1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return -2.17 -4.87 -0.81 25.14 -- -- -- 29.53
Income return 0.00 0.00 0.00 1.74 -- -- -- 1.54
Total return -2.17 -4.87 -0.81 26.88 -- -- -- 31.07
Index (CSIN1086) -2.01 -4.60 -0.28 28.49 12.92 4.83 14.27 32.62
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. ETF Inception p.a.
Price return -2.17 -4.87 -0.81 25.14 -- -- -- 29.53
Income return 0.00 0.00 0.00 1.74 -- -- -- 1.54
Total return -2.17 -4.87 -0.81 26.88 -- -- -- 31.07
Index (CSIN1086) -2.01 -4.60 -0.28 28.49 12.92 4.83 14.27 32.62
The tables above show past performance of the ETF from 8 November 2018. Index performance shown prior to 15 June 2017 is simulated based on the current Index methodology. Results are calculated to the last trading day of the month in China and assume immediate reinvestment of distributions. ETF results are net of management fees and costs, but before brokerage fees or bid/ask spreads incurred when investors buy/sell on the ASX. Returns for periods longer than one year are annualised. Past performance is not a reliable indicator of current or future performance which may be lower or higher.

Growth of hypothetical $10,000 investment

This graph illustrates a hypothetical $10,000 investment in the fund invested at NAV. The returns included in the hypothetical growth chart have been converted to Australian dollars. Returns reflect capital appreciation and the reinvestment of dividends and capital gains, if any, as well as all fees and expenses. The Index is unmanaged and includes the reinvestment of all dividends, but does not reflect the payment of transaction costs incurred in the fund, advisory fees or expenses that are associated with an investment in the Fund. An index's performance is not illustrative of the fund's performance. You cannot invest in an index. Results reflect past performance and do not guarantee future results.

Calendar year returns (%) as at 31 Dec 2020

NAV & premium/discount history
as at 31-Dec-20

Best & worst
quarter returns (%)
as of 31-Dec-20

  • Best quarter

    1Q'19 +36.54%

  • Worst quarter

    2Q'19 -5.39%

Best & worst quarter returns are based on NAV, reflect the period since the Fund's inception, and are updated quarterly.