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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

 

  • Exchange

    ASX

  • ASX code

    CNEW

  • Bloomberg index code

    CSIN1086

  • Index provider

    China Securities Index Co, Ltd.

  • NAV1

    $9.38

  • Units outstanding1

    11,905,020

  • Net assets1

    $111.7M

  • 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 14-Aug-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

    11,905,020

  • ISIN

    AU0000028185

Fees and other costs  

  • Management costs p.a.

    0.95%

Key risks

An investment in the ETF carries risks associated with: 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  14-Aug-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 $9.38
$9.51		 120,629
70,782		 $0.13 / +1.35%
$0.01 / +0.11%		 +39.43%
+39.57%
 $0.13
+1.34%

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 9.15 21.25 27.88 48.70 -- -- -- 45.77
Income return 0.00 1.69 1.79 2.07 -- -- -- 2.18
Total return 9.15 22.94 29.67 50.77 -- -- -- 47.95
Index (CSIN1086) 9.26 23.59 30.64 52.92 21.20 7.99 16.65 49.75
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 8.27 12.72 26.15 37.29 -- -- -- 40.92
Income return 1.51 1.57 1.76 1.92 -- -- -- 2.21
Total return 9.78 14.29 27.91 39.21 -- -- -- 43.13
Index (CSIN1086) 10.15 14.87 28.85 41.17 15.49 4.81 16.33 44.88
The tables above show past performance of the ETF from its Inception Date and of the Index from its Base Date. Index performance shown prior to its Launch Date 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.

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

No. of holdings: 120
Holding name
Ticker
 No. of securities held Market value % of Net
assets
TIBET RHODIOLA PHARMACEUTICAL HOLDING C
600211 CH
 79,200 2,442,555 2.26
XIAMEN KINGDOMWAY GROUP CO
002626 CH
 157,900 1,833,170 1.70
GUANGDONG BIOLIGHT MEDITECH CO LTD
300246 CH
 176,400 1,380,322 1.28
TECH-BANK FOOD CO LTD
002124 CH
 345,400 1,279,885 1.18
ANGEL YEAST CO LTD
600298 CH
 92,300 1,204,653 1.11
JIANGSU ZITIAN MEDIA TECHNOLOGY CO LTD
300280 CH
 114,800 1,173,185 1.09
GUANGZHOU LINGNAN GROUP HOLDINGS CO LTD
000524 CH
 570,800 1,171,166 1.08
XIAMEN JIHONG TECHNOLOGY CO LTD
002803 CH
 144,100 1,169,814 1.08
LENS TECHNOLOGY CO LTD
300433 CH
 179,100 1,165,214 1.08
EDAN INSTRUMENTS INC
300206 CH
 246,800 1,148,162 1.06
Top ten total (%) 12.92
These are not recommendations to buy or to sell any security.

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

  • Sector

    Weightings (%)

  • Food, Beverage & Tobacco

    23.3

  • Pharmaceuticals, Biotechnology

    16.3

  • Consumer Durables & Apparel

    12.8

  • Technology Hardware & Equipment

    12.1

  • Health Care Equipment & Services

    11.2

  • Automobiles & Components

    4.6

  • Media & Entertainment

    4.3

  • Materials

    3.9

  • Capital Goods

    2.6

  • Semiconductors & Semiconductor Equipment

    2.1

  • Software & Services

    1.7

  • Retailing

    1.6

  • Consumer Services

    1.1

  • Commercial & Professional Services

    1.0

  • Real Estate

    0.7

  • Food & Staples Retailing

    0.7

  • Other/Cash

    0.1

  • Total

    100.1