CNEW - VanEck China New Economy ETF | China equities

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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

Country of domicile: Australia

 

  • Exchange

    ASX
  • ASX code

    CNEW
  • Bloomberg index code

    CSIN1086
  • Index provider

    China Securities Index Co, Ltd.
  • NAV1

    $8.82
  • Units outstanding1

    17,505,020
  • Net assets1

    $154.3M
  • 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-Nov-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.

Key benefits

Step into China's future prosperity today
Access companies at the forefront of China's transformation representing the New Economy

Diversified across companies and sectors
Target New Economy companies within the technology, health care, consumer staples and consumer discretionary sectors

A portfolio of China A-shares comprising the most fundamentally strong companies
Invests in 120 fundamentally sound and attractively valued companies with the best growth prospects in China's New Economy

Trading information

  • ASX code

    CNEW
  • IRESS code

    CNEW.AXW
  • Shares outstanding

    17,505,020
  • ISIN

    AU0000028185

Fees and other costs  

  • Management costs p.a.

    0.95%

Key risks

An investment in the ETF carries risks associated with: ASX trading time differences, China, financial markets generally, individual company management, industry sectors, foreign currency, sector concentration, political, regulatory and tax risks, fund operations, liquidity and tracking an index. See the PDS for details.

Prices as at  27-Nov-20

NAV/
Last trade
Volume:
30-day avg/
Previous day
Daily change: NAV/
Last trade
YTD change:
NAV/
Last trade
Premium/
Discount
Premium/
Discount
Distribution charts
NAV &
Premium /Discount
History
NAV
Chart
CNEW $8.82
$8.89
132,373
137,994
$-0.01 / -0.09%
$-0.12 / -1.33%
+30.99%
+30.58%
$0.07
+0.84%

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 3.54 -1.10 19.92 43.84 -- -- -- 38.18
Income return 0.00 0.00 1.68 2.00 -- -- -- 1.78
Total return 3.54 -1.10 21.60 45.84 -- -- -- 39.96
Index (CSIN1086) 3.58 -0.90 22.48 47.85 15.45 7.76 15.08 41.59
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 -7.72 4.27 17.53 39.49 -- -- -- 37.64
Income return 0.00 0.00 1.64 1.94 -- -- -- 1.86
Total return -7.72 4.27 19.17 41.43 -- -- -- 39.50
Index (CSIN1086) -7.66 4.54 20.08 43.44 16.29 10.24 15.18 41.17

Top ten holdings (%) View all daily holdings » as at 31-Oct-20

No. of holdings: 119
Holding name
Ticker
No. of securities held Market value % of Net
assets
ADD INDUSTRY ZHEJIANG CORP LTD
603089 CH
771,300 1,979,440 1.37
JIUGUI LIQUOR CO LTD
000799 CH
91,200 1,943,259 1.35
JIANGSU YUNYI ELECTRIC CO LTD
300304 CH
1,282,300 1,915,572 1.33
LUZHOU LAOJIAO CO LTD
000568 CH
51,700 1,897,804 1.32
TIBET RHODIOLA PHARMACEUTICAL HOLDING C
600211 CH
106,900 1,887,883 1.31
ZHEJIANG MEIDA INDUSTRIAL CO LTD
002677 CH
455,100 1,839,092 1.28
JIANGSU ZITIAN MEDIA TECHNOLOGY CO LTD
300280 CH
154,900 1,767,131 1.23
SHANXI XINGHUACUN FEN WINE FACTORY CO L
600809 CH
36,300 1,738,971 1.21
JASON FURNITURE HANGZHOU CO LTD
603816 CH
113,340 1,724,250 1.20
XIAMEN KINGDOMWAY GROUP CO
002626 CH
213,200 1,714,947 1.19
Top ten total (%) 12.79
These are not recommendations to buy or to sell any security.

Sector weightings (%) as at 31-Oct-20

  • Sector

    Weightings (%)
  • Food, Beverage & Tobacco

    24.0
  • Pharmaceuticals, Biotechnology

    15.3
  • Consumer Durables & Apparel

    13.9
  • Technology Hardware & Equipment

    12.2
  • Health Care Equipment & Services

    9.5
  • Automobiles & Components

    6.5
  • Materials

    4.0
  • Media & Entertainment

    3.8
  • Capital Goods

    2.6
  • Semiconductors & Semiconductor Equipment

    1.9
  • Retailing

    1.5
  • Software & Services

    1.2
  • Commercial & Professional Services

    1.1
  • Consumer Services

    0.9
  • Real Estate

    0.8
  • Food & Staples Retailing

    0.6
  • Other/Cash

    0.0
  • Total

    99.8