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

    $6.02
  • Shares outstanding1

    6,100,000
  • Net assets1

    $36.7M
  • 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 24-May-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

    6,100,000
  • ISIN

    AU0000028185

Fees and other costs  

  • Management costs p.a.

    0.95%

Prices as at  24-May-19

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 $6.02
$6.12
53,973
1,285
$-0.04 / -0.68%
$-0.04 / -0.65%
+22.71%
+24.69%
$0.10
+1.61%

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 -1.68 33.11 -- -- -- -- -- 34.48
Income return 0.00 0.00 -- -- -- -- -- 0.00
Total return -1.68 33.11 -- -- -- -- -- 34.48
Index (CSIN1086) -1.63 33.39 38.33 -0.56 4.92 18.93 15.63 35.13
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 11.75 36.54 -- -- -- -- -- 36.77
Income return 0.00 0.00 -- -- -- -- -- 0.00
Total return 11.75 36.54 -- -- -- -- -- 36.77
Index (CSIN1086) 11.85 36.89 22.06 0.55 5.06 18.88 16.10 37.37

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

No. of holdings: 120
Holding name
Ticker
No. of securities held Market value % of Net
assets
JILIN ZIXIN PHARMACEUTICAL-A
002118 CH
273,000 623,512 1.55
ANHUI GUJING DISTILLERY CO-A
000596 CH
21,800 539,425 1.34
SHANDONG XIANTAN CO LTD-A
002746 CH
87,200 535,800 1.33
WULIANGYE YIBIN
000858 CH
24,100 519,277 1.29
LUZHOU LAOJIAO-A
000568 CH
29,900 490,173 1.22
ANHUI KOUZI DISTILLERY CO -A
603589 CH
35,400 484,286 1.20
LUXSHARE PRECISION INDUSTR-A
002475 CH
84,400 463,520 1.15
KWEICHOW MOUTAI CO LTD-A
600519 CH
2,200 451,059 1.12
JIANGSU KING'S LUCK BREWER-A
603369 CH
80,000 439,861 1.09
SICHUAN SWELL-A
600779 CH
39,500 418,980 1.04
Top ten total (%) 12.33
These are not recommendations to buy or to sell any security.

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

  • Sector

    Weightings (%)
  • Food, Beverage & Tobacco

    25.4
  • Pharmaceuticals, Biotechnology

    21.0
  • Consumer Durables & Apparel

    14.6
  • Technology Hardware & Equipment

    12.2
  • Software & Services

    5.0
  • Media & Entertainment

    4.5
  • Health Care Equipment & Services

    4.4
  • Capital Goods

    4.1
  • Automobiles & Components

    2.8
  • Household & Personal Products

    2.2
  • Consumer Services

    0.9
  • Food & Staples Retailing

    0.8
  • Materials

    0.7
  • Semiconductors & Semiconductor Equipment

    0.6
  • Retailing

    0.6
  • Other/Cash

    0.1
  • Total

    99.9