CNEW - VanEck China New Economy ETF | China equities

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VanEck 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 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

    MGCNEAUN
  • Index provider

    MarketGrader
  • NAV1

    $9.67
  • Units outstanding1

    16,615,998
  • Net assets1

    $160.6M
  • 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 19-Jan-22

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 1pm next business day.
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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

Trading information

  • ASX code

    CNEW
  • IRESS code

    CNEW.AXW
  • Shares outstanding

    16,615,998
  • 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  19-Jan-22

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 $9.67
$9.65
53,722
18,024
$-0.06 / -0.64%
$-0.12 / -1.23%
-1.27%
-0.72%
$-0.02
-0.17%

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 -0.61 9.60 3.82 14.66 25.88 -- -- 24.61
Income return 0.00 0.00 0.00 1.22 1.50 -- -- 1.42
Total return -0.61 9.60 3.82 15.88 27.38 -- -- 26.03
Index (MGCNEAUN) -0.44 9.97 4.29 17.07 28.82 12.40 19.13 27.46
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 -0.61 9.60 3.82 14.66 25.88 -- -- 24.61
Income return 0.00 0.00 0.00 1.22 1.50 -- -- 1.42
Total return -0.61 9.60 3.82 15.88 27.38 -- -- 26.03
Index (MGCNEAUN) -0.44 9.97 4.29 17.07 28.82 12.40 19.13 27.46

Top ten holdings (%) View all daily holdings » as at 31-Dec-21

No. of holdings: 120
Holding name
Ticker
No. of securities held Market value % of Net
assets
HUBEI JUMPCAN PHARMACEUTICAL CO LTD
600566 CH
326,300 1,998,539 1.23
THREE'S CO MEDIA GROUP CO LTD
605168 CH
54,400 1,986,806 1.22
ZBOM HOME COLLECTION CO LTD
603801 CH
286,700 1,884,875 1.16
XILINMEN FURNITURE CO LTD
603008 CH
220,500 1,859,956 1.14
ZHEJIANG ORIENT GENE BIOTECH CO LTD
688298 CH
36,275 1,807,066 1.11
MANGO EXCELLENT MEDIA CO LTD
300413 CH
136,900 1,692,961 1.04
YIFENG PHARMACY CHAIN CO LTD
603939 CH
135,300 1,611,476 0.99
OPPEIN HOME GROUP INC
603833 CH
50,100 1,597,075 0.98
ZHE JIANG LI ZI YUAN FOOD CO LTD
605337 CH
148,200 1,591,843 0.98
ZHEJIANG ENTIVE SMART KITCHEN APPLIANCE
300911 CH
89,100 1,577,478 0.97
Top ten total (%) 10.82
These are not recommendations to buy or to sell any security.

Sector weightings (%) as at 31-Dec-21

  • Sector

    Weightings (%)
  • Food, Beverage & Tobacco

    18.0
  • Pharmaceuticals, Biotechnology

    17.0
  • Consumer Durables & Apparel

    16.2
  • Technology Hardware & Equipment

    9.4
  • Health Care Equipment & Services

    8.3
  • Media & Entertainment

    7.6
  • Semiconductors & Semiconductor Equipment

    5.8
  • Materials

    3.8
  • Household & Personal Products

    3.1
  • Food & Staples Retailing

    2.8
  • Capital Goods

    1.9
  • Retailing

    1.7
  • Diversified Financials

    0.9
  • Commercial & Professional Services

    0.9
  • Real Estate

    0.9
  • Consumer Services

    0.8
  • Software & Services

    0.8
  • Other/Cash

    0.0
  • Total

    99.9