VanEck Vectors 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 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
$8.51 -
Units outstanding1
19,305,020 -
Net assets1
$164.2M -
Number of holdings1
120 -
Inception date2
08-Nov-18 -
ASX commencement
09-Nov-18
2The date the ETF was seeded prior to quotation on ASX.
as at 16-Apr-21
-
Distribution frequency
1 each year -
Management costs p.a.
0.95% - Investment management team »
- Market Announcements
- CNEW Fact Sheet
- Flyer: Step into tomorrow's prosperity today
- CNEW Index Rebalance
Key benefits
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
19,305,020 -
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 16-Apr-21
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 | 0.15 | -1.71 | -6.49 | 9.91 | -- | -- | -- | 25.22 |
Income return | 0.00 | 0.00 | 0.00 | 1.53 | -- | -- | -- | 1.33 |
Total return | 0.15 | -1.71 | -6.49 | 11.44 | -- | -- | -- | 26.55 |
Index (CSIN1086) | 0.23 | -1.47 | -6.01 | 12.87 | 9.74 | 8.79 | 14.83 | 28.02 |
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 | 0.15 | -1.71 | -6.49 | 9.91 | -- | -- | -- | 25.22 | |
Income return | 0.00 | 0.00 | 0.00 | 1.53 | -- | -- | -- | 1.33 | |
Total return | 0.15 | -1.71 | -6.49 | 11.44 | -- | -- | -- | 26.55 | |
Index (CSIN1086) | 0.23 | -1.47 | -6.01 | 12.87 | 9.74 | 8.79 | 14.83 | 28.02 |
Top ten holdings (%) View all daily holdings » as at 31-Mar-21
Holding name |
Ticker
|
No. of securities held | Market value | % of Net assets |
|
---|---|---|---|---|---|
SHANDONG LINGLONG TYRE CO LTD |
601966 CH
|
268,900 | 2,517,533 | 1.55 | |
SUZHOU TA&A ULTRA CLEAN TECHNOLOGY CO L |
300390 CH
|
367,100 | 2,187,729 | 1.35 | |
SHANGHAI BAIRUN INVESTMENT HOLDING GROU |
002568 CH
|
87,700 | 1,912,338 | 1.18 | |
NINGBO PEACEBIRD FASHION CO LTD |
603877 CH
|
198,600 | 1,907,037 | 1.18 | |
SHANGHAI KINDLY ENTERPRISE DEVELOPMENT |
603987 CH
|
453,900 | 1,857,823 | 1.15 | |
JIUGUI LIQUOR CO LTD |
000799 CH
|
61,000 | 1,856,816 | 1.15 | |
SHENZHEN TOPBAND CO LTD |
002139 CH
|
833,500 | 1,842,496 | 1.14 | |
NINGBO EXCITON TECHNOLOGY CO LTD |
300566 CH
|
202,000 | 1,828,557 | 1.13 | |
SHANXI XINGHUACUN FEN WINE FACTORY CO L |
600809 CH
|
26,900 | 1,790,912 | 1.11 | |
MUYUAN FOODS CO LTD |
002714 CH
|
89,100 | 1,782,980 | 1.10 | |
Top ten total (%) | 12.04 |
Sector weightings (%) as at 31-Mar-21
-
Sector
Weightings (%) -
Food, Beverage & Tobacco
24.4 -
Consumer Durables & Apparel
13.6 -
Pharmaceuticals, Biotechnology
12.8 -
Health Care Equipment & Services
12.2 -
Technology Hardware & Equipment
10.5 -
Automobiles & Components
6.9 -
Capital Goods
4.4 -
Semiconductors & Semiconductor Equipment
3.0 -
Materials
2.8 -
Retailing
2.6 -
Media & Entertainment
2.2 -
Software & Services
2.2 -
Food & Staples Retailing
0.9 -
Household & Personal Products
0.8 -
Commercial & Professional Services
0.7 -
Other/Cash
0.1 -
Total
100.1