VanEck Blog & Insights

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

    $6.13
  • Shares outstanding1

    6,500,835
  • Net assets1

    $39.9M
  • 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 23-Jul-19

Key points

  • Access a portfolio of China A-shares via VanEck’s China expertise in a single trade on ASX
  • A portfolio of 120 of the most fundamentally sound companies with the best growth prospects at the forefront of China’s transforming economy
  • Only includes companies from the technology, health care, consumer staples and consumer discretionary sectors

Trading information

  • ASX code

    CNEW
  • IRESS code

    CNEW.AXW
  • Shares outstanding

    6,500,835
  • ISIN

    AU0000028185

Fees and other costs  

  • Management costs p.a.

    0.95%

Prices as at  23-Jul-19

NAV/
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Volume:
30-day avg/
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YTD change:
NAV/
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NAV
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CNEW $6.13
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0
0
$0.06 / +0.92%
$0.00 / +0.00%
+24.92%
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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 2.81 -6.44 27.75 -- -- -- -- 27.96
Income return 1.14 1.05 1.42 -- -- -- -- 1.43
Total return 3.95 -5.39 29.17 -- -- -- -- 29.39
Index (CSIN1086) 3.99 -5.24 29.71 0.22 1.64 17.16 15.53 30.16
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 2.81 -6.44 27.75 -- -- -- -- 27.96
Income return 1.14 1.05 1.42 -- -- -- -- 1.43
Total return 3.95 -5.39 29.17 -- -- -- -- 29.39
Index (CSIN1086) 3.99 -5.24 29.71 0.22 1.64 17.16 15.53 30.16

Top ten holdings (%) View all daily holdings » as at 30-Jun-19

No. of holdings: 120
Holding name
Ticker
No. of securities held Market value % of Net
assets
WUS PRINTED CIRCUIT KUNSHA-A
002463 CH
140,700 397,927 1.00
SHANXI XINGHUA-A
600809 CH
26,400 378,529 0.95
JIANGSU KING'S LUCK BREWER-A
603369 CH
63,300 366,593 0.92
LUZHOU LAOJIAO-A
000568 CH
21,800 365,899 0.92
JIANGSU HENGSHUN VINEGAR I-A
600305 CH
95,600 365,662 0.92
CHENGDU JIAFAANTAI EDUCATI-A
300559 CH
73,900 363,838 0.91
C&S PAPER CO LTD-A
002511 CH
142,600 363,622 0.91
CHONGQING ZHIFEI BIOLOGICA-A
300122 CH
40,500 362,463 0.91
WULIANGYE YIBIN
000858 CH
14,700 360,037 0.90
CHINA INTERNATIONAL TRAVEL-A
601888 CH
19,500 358,959 0.90
Top ten total (%) 9.24
These are not recommendations to buy or to sell any security.

Sector weightings (%) as at 30-Jun-19

  • Sector

    Weightings (%)
  • Food, Beverage & Tobacco

    22.1
  • Pharmaceuticals, Biotechnology

    19.1
  • Consumer Durables & Apparel

    14.7
  • Technology Hardware & Equipment

    13.3
  • Health Care Equipment & Services

    6.1
  • Capital Goods

    5.6
  • Media & Entertainment

    4.9
  • Software & Services

    4.2
  • Automobiles & Components

    3.2
  • Household & Personal Products

    1.8
  • Consumer Services

    1.8
  • Retailing

    1.6
  • Materials

    1.5
  • Other/Cash

    0.2
  • Total

    100.1