CNEW
VanEck China New Economy ETF
CNEW
VanEck China New Economy ETF
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NAV$6.97
as at 23-Dec-24 -
Total Net Assets$114.06M
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Dividend Frequency1 each year
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Management fee (p.a.)0.95%
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Number of securities120
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Inception Date08-Nov-18
Overview
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.
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 fundamentally strong companies
Invests in 120 fundamentally sound and attractively valued companies with growth prospects in China's New Economy.
Index Key points
Underlying Index:
MarketGrader China New Economy Index
Underlying universe:
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.
Selection criteria:
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.
Weighting:
The Index is equally weighted.
Market Capitalisation requirements:
All Index constituents must have a minimum total market cap of USD 500 million. 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.
Liquidity requirements:
A minimum 3-month daily traded value of USD 5 million.
Rebalance frequency:
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.
For full details of the methodology, click here.
Performance
Holdings & allocations
Dividends
Election of Dividend Reinvestment Plan (DRP)
You can elect DRP by logging into Link’s Investor Centre (https://investorcentre.linkmarketservices.com.au/Login). Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.