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 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

    $9.06
  • Units outstanding1

    18,115,998
  • Net assets1

    $164.2M
  • Number of holdings1

    119
  • 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 05-Aug-21

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.
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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

    18,115,998
  • 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  05-Aug-21

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 $9.06
$9.10
74,906
90,697
$-0.11 / -1.15%
$0.01 / +0.11%
+7.25%
+6.98%
$0.04
+0.43%

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 -5.99 0.52 2.41 -5.64 -- -- -- 24.29
Income return 0.00 1.07 1.08 1.00 -- -- -- 1.64
Total return -5.99 1.59 3.49 -4.64 -- -- -- 25.93
Index (CSIN1086) -5.92 1.91 4.07 -3.61 16.49 9.03 16.24 27.40
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 0.94 12.36 10.44 9.55 -- -- -- 28.12
Income return 1.07 1.19 1.18 1.17 -- -- -- 1.75
Total return 2.01 13.55 11.62 10.72 -- -- -- 29.87
Index (CSIN1086) 2.19 13.93 12.25 11.94 16.56 10.66 17.25 31.40

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

No. of holdings: 120
Holding name
Ticker
No. of securities held Market value % of Net
assets
INVENTRONICS HANGZHOU INC
300582 CH
337,600 2,618,780 1.63
SHANGHAI BELLING CO LTD
600171 CH
315,300 2,316,237 1.44
LUOYANG GLASS CO LTD
600876 CH
409,200 2,285,413 1.42
JIANGSU NANFANG BEARING CO LTD
002553 CH
735,900 2,220,110 1.38
EOPTOLINK TECHNOLOGY INC LTD
300502 CH
202,428 1,942,434 1.21
OCEAN'S KING LIGHTING SCIENCE & TECHNOL
002724 CH
579,900 1,899,018 1.18
FUJIAN TORCH ELECTRON TECHNOLOGY CO LTD
603678 CH
113,200 1,880,316 1.17
SINO WEALTH ELECTRONIC LTD
300327 CH
126,110 1,842,002 1.15
YANGZHOU YANGJIE ELECTRONIC TECHNOLOGY
300373 CH
148,100 1,810,477 1.13
SUZHOU TFC OPTICAL COMMUNICATION CO LTD
300394 CH
252,500 1,800,375 1.12
Top ten total (%) 12.83
These are not recommendations to buy or to sell any security.

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

  • Sector

    Weightings (%)
  • Food, Beverage & Tobacco

    19.7
  • Pharmaceuticals, Biotechnology

    14.9
  • Consumer Durables & Apparel

    14.7
  • Technology Hardware & Equipment

    11.0
  • Capital Goods

    10.7
  • Health Care Equipment & Services

    8.6
  • Semiconductors & Semiconductor Equipment

    4.7
  • Software & Services

    4.6
  • Automobiles & Components

    4.4
  • Media & Entertainment

    2.9
  • Household & Personal Products

    2.0
  • Commercial & Professional Services

    0.8
  • Materials

    0.7
  • Other/Cash

    0.2
  • Total

    99.9