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
$8.46 -
Units outstanding1
15,215,998 -
Net assets1
$128.8M -
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 04-Jul-22
-
Dividend 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
15,215,998 -
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 04-Jul-22
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 | 3.34 | -17.63 | -24.66 | -20.56 | 6.76 | -- | -- | 12.37 |
Income return | 0.00 | 0.00 | 0.00 | 0.84 | 1.27 | -- | -- | 1.13 |
Total return | 3.34 | -17.63 | -24.66 | -19.72 | 8.03 | -- | -- | 13.50 |
Index (MGCNEAUN) | 3.48 | -17.38 | -24.19 | -18.86 | 9.28 | 7.28 | 14.46 | 14.78 |
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 | -11.25 | -18.33 | -10.48 | -4.73 | 6.06 | -- | -- | 15.53 | |
Income return | 0.00 | 0.00 | 0.00 | 1.01 | 1.27 | -- | -- | 1.22 | |
Total return | -11.25 | -18.33 | -10.48 | -3.72 | 7.33 | -- | -- | 16.75 | |
Index (MGCNEAUN) | -11.17 | -18.14 | -9.97 | -2.73 | 8.53 | 8.50 | 16.89 | 18.06 |
Top ten holdings (%) View all daily holdings » as at 31-May-22
Holding name |
Ticker
|
No. of securities held | Market value | % of Net assets |
|
---|---|---|---|---|---|
PULIKE BIOLOGICAL ENGINEERING INC |
603566 CH
|
294,300 | 1,503,908 | 1.35 | |
WUHAN EASYDIAGNOSIS BIOMEDICINE CO LTD |
002932 CH
|
75,400 | 1,476,548 | 1.32 | |
GUANGXI YUEGUI GUANGYE HOLDING CO LTD |
000833 CH
|
827,300 | 1,427,659 | 1.28 | |
HUBEI JUMPCAN PHARMACEUTICAL CO LTD |
600566 CH
|
296,600 | 1,425,081 | 1.28 | |
SHENZHEN SHENGXUNDA TECHNOLOGY CO LTD |
300518 CH
|
117,100 | 1,374,863 | 1.23 | |
BIEM.L.FDLKK GARMENT CO LTD |
002832 CH
|
238,466 | 1,288,921 | 1.16 | |
KINGNET NETWORK CO LTD |
002517 CH
|
1,130,500 | 1,274,579 | 1.14 | |
SHENYANG XINGQI PHARMACEUTICAL CO LTD |
300573 CH
|
42,300 | 1,242,886 | 1.12 | |
DONGRUI FOOD GROUP CO LTD |
001201 CH
|
147,100 | 1,227,087 | 1.10 | |
THREE'S CO MEDIA GROUP CO LTD |
605168 CH
|
71,655 | 1,222,750 | 1.10 | |
Top ten total (%) | 12.08 |
Sector weightings (%) as at 31-May-22
-
Sector
Weightings (%) -
Food, Beverage & Tobacco
19.5 -
Pharmaceuticals, Biotechnology
16.7 -
Consumer Durables & Apparel
16.1 -
Health Care Equipment & Services
8.4 -
Technology Hardware & Equipment
8.3 -
Media & Entertainment
7.7 -
Semiconductors & Semiconductor Equipment
5.5 -
Materials
4.5 -
Household & Personal Products
2.7 -
Food & Staples Retailing
2.6 -
Retailing
1.9 -
Capital Goods
1.5 -
Real Estate
1.1 -
Commercial & Professional Services
0.9 -
Software & Services
0.8 -
Consumer Services
0.7 -
Diversified Financials
0.7 -
Other/Cash
0.3 -
Total
99.9