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

    $6.61
  • Shares outstanding1

    3,800,000
  • Net assets1

    $25.1M
  • 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 20-Mar-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

    3,800,000
  • ISIN

    AU0000028185

Fees and other costs  

  • Management costs p.a.

    0.95%

Prices as at  20-Mar-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 $6.61
$6.58
71,721
18,438
$0.01 / +0.10%
$-0.03 / -0.45%
+34.64%
+34.06%
$-0.03
-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 21.15 21.87 -- -- -- -- -- 22.39
Income return 0.00 0.00 -- -- -- -- -- 0.00
Total return 21.15 21.87 -- -- -- -- -- 22.39
Index (CSIN1086) 21.24 22.40 8.84 -4.49 5.24 14.14 15.56 22.82
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 -0.25 -- -- -- -- -- -- 0.17
Income return 0.00 -- -- -- -- -- -- 0.00
Total return -0.25 -- -- -- -- -- -- 0.17
Index (CSIN1086) 0.01 -10.83 -22.73 -21.14 -11.50 9.99 16.47 0.35

Top ten holdings (%) View all daily holdings » as at 28-Feb-19

No. of holdings: 120
Holding name
Ticker
No. of securities held Market value % of Net
assets
SHANDONG XIANTAN CO LTD-A
002746 CH
48,700 231,757 1.14
FUJIAN SUNNER DEVELOPMENT-A
002299 CH
40,900 225,664 1.11
UNILUMIN GROUP CO LTD-A
300232 CH
79,000 216,367 1.06
JILIN ZIXIN PHARMACEUTICAL-A
002118 CH
152,400 214,925 1.05
LUXSHARE PRECISION INDUSTR-A
002475 CH
47,100 206,970 1.02
HANGZHOU ANYSOFT INFORMATI-A
300571 CH
18,200 204,230 1.00
WULIANGYE YIBIN
000858 CH
13,400 200,770 0.98
ANHUI GUJING DISTILLERY CO-A
000596 CH
12,200 198,896 0.98
SHANGHAI CONANT MACROFLAG-A
300061 CH
106,000 197,689 0.97
GUANGDONG GOWORLD CO-A
000823 CH
95,400 196,512 0.96
Top ten total (%) 10.27
These are not recommendations to buy or to sell any security.

Sector weightings (%) as at 28-Feb-19

  • Sector

    Weightings (%)
  • Food, Beverage & Tobacco

    22.9
  • Pharmaceuticals, Biotechnology

    20.6
  • Consumer Durables & Apparel

    14.6
  • Technology Hardware & Equipment

    13.4
  • Software & Services

    5.2
  • Media & Entertainment

    4.6
  • Health Care Equipment & Services

    4.3
  • Capital Goods

    4.2
  • Automobiles & Components

    3.2
  • Household & Personal Products

    2.3
  • Materials

    1.7
  • Consumer Services

    0.8
  • Food & Staples Retailing

    0.8
  • Retailing

    0.7
  • Semiconductors & Semiconductor Equipment

    0.7
  • Other/Cash

    0.1
  • Total

    100.1