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VanEck Blog & Insights

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

    $5.06
  • Shares outstanding1

    2,000,000
  • Net assets1

    $10.1M
  • Number of holdings1

    121
  • Inception date2

    08-Nov-18
  • ASX commencement

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

as at 18-Jan-19

Key points

  • Access a portfolio of China A-shares via VanEck’s China expertise in a single trade on ASX
  • A portfolio of 120 of the most fundamentally sound companies with the best growth prospects at the forefront of China’s transforming economy
  • Only includes companies from the technology, health care, consumer staples and consumer discretionary sectors

Trading information

  • ASX code

    CNEW
  • IRESS code

    CNEW.AXW
  • Shares outstanding

    2,000,000
  • ISIN

    AU0000028185

Fees and other costs  

  • Management costs p.a.

    0.95%

Prices as at  18-Jan-19

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 $5.06
$5.05
21,013
17,892
$0.04 / +0.86%
$-0.06 / -1.17%
+3.10%
+2.89%
$-0.01
-0.21%

View all indices View all ETFs Performance history (%)

1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. Inception p.a.
Price return -0.25 -- -- -- -- -- -- 0.17
Income return 0.00 -- -- -- -- -- -- 0.00
Total return -0.25 -- -- -- -- -- -- 0.17
Index (CSIN1086) 0.01 -10.83 -22.73 -21.14 -11.50 9.99 16.47 0.35
1 Mth 3 Mths 6 Mths 1 Yr 3 Yrs p.a. 5 Yrs p.a. 10 Yrs p.a. Inception p.a.
Price return -0.25 -- -- -- -- -- -- 0.17
Income return 0.00 -- -- -- -- -- -- 0.00
Total return -0.25 -- -- -- -- -- -- 0.17
Index (CSIN1086) 0.01 -10.83 -22.73 -21.14 -11.50 9.99 16.47 0.35

Top ten holdings (%) View all daily holdings » as at 31-Dec-18

No. of holdings: 121
Holding name
Ticker
No. of securities held Market value % of Net
assets
HANGZHOU ANYSOFT INFORMATI-A
300571 CH
10,700 96,849 0.99
CHONGQING BREWERY CO-A
600132 CH
15,300 96,763 0.99
UNILUMIN GROUP CO LTD-A
300232 CH
46,600 91,494 0.93
JIANGSU PHOENIX PUBLISH-A
601928 CH
55,600 90,856 0.93
TIBET RHODIOLA PHARM-A
600211 CH
14,900 90,493 0.92
FUYAO GROUP GLASS INDUSTR-A
600660 CH
19,300 90,483 0.92
GUANGDONG GOWORLD CO-A
000823 CH
56,300 90,377 0.92
BIEM.L.FDLKK GARMENT CO LT-A
002832 CH
13,000 89,361 0.91
ANGEL YEAST CO LTD-A
600298 CH
17,200 89,311 0.91
FOSHAN HAITIAN FLAVOURING -A
603288 CH
6,300 89,204 0.91
Top ten total (%) 9.33
These are not recommendations to buy or to sell any security.

Sector weightings (%) as at 31-Dec-18

  • Sector

    Weightings (%)
  • Food, Beverage & Tobacco

    22.0
  • Pharmaceuticals, Biotechnology

    20.4
  • Consumer Durables & Apparel

    15.0
  • Technology Hardware & Equipment

    12.5
  • Software & Services

    5.1
  • Capital Goods

    5.0
  • Media & Entertainment

    4.8
  • Health Care Equipment & Services

    4.1
  • Automobiles & Components

    3.5
  • Household & Personal Products

    2.5
  • Materials

    1.7
  • Retailing

    1.6
  • Consumer Services

    0.9
  • Semiconductors & Semiconductor Equipment

    0.8
  • Other/Cash

    0.0
  • Total

    99.9