China ETF
VanEck New China ESG UCITS ETF
China ETF
VanEck New China ESG UCITS ETF
Fund Description
The VanEck New China ESG UCITS ETF invests for growth in tomorrow’s China. Using an in-depth methodology, it invests in the Chinese economy’s sweet spot – the sustainable companies benefiting from consumer spending, healthcare demand and tech innovation.
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NAV$14.21
as of 09 May 2024 -
YTD RETURNS1.80%
as of 09 May 2024 -
Total Net Assets$6.0 million
as of 09 May 2024 -
Total Expense Ratio0.60%
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Inception Date24 Sep 2021
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SFDR ClassificationArticle 8
Overview
Fund Description
The VanEck New China ESG UCITS ETF invests for growth in tomorrow’s China. Using an in-depth methodology, it invests in the Chinese economy’s sweet spot – the sustainable companies benefiting from consumer spending, healthcare demand and tech innovation.
- Targeting tomorrow’s winners in China’s growth economy
- In-depth methodology identifies financially sound growth companies
- OWL Analytics environmental, social and governance methodology identifies sustainable businesses
Risk Factors:
Risk of investing in Emerging Markets, Risk of investing in China, Risk of investing in smaller companies. Please refer to the
KIDand the Prospectus for other important information before investing.
Underlying Index
MarketGrader New China ESG Index
Fund Highlights
- Targeting tomorrow’s winners in China’s growth economy
- In-depth methodology identifies financially sound growth companies
- OWL Analytics environmental, social and governance methodology identifies sustainable businesses
Risk Factors: Currency Risk, Risk of investing in Emerging Markets, Risk of investing in China, Risk of investing in smaller companies. Please refer to the
and the Prospectus for other important information before investing.
Underlying Index
MarketGrader New China ESG Index
Performance
Holdings
Portfolio
Literature
Index
Index Description
The Index consists of the 100 most fundamentally sound companies (being companies with good financial results based on an analysis of each company’s income statements, statements of cash flows and balance sheets) with the most solid growth prospects in China's new economy sectors (Consumer Discretionary, Consumer Staples, Health Care and Technology) that are domiciled in China. In addition, the companies selected into the Index are compliant (above median performers) with Environmental, Sustainability and Governance (ESG) criteria based on the OWL Analytics consensus ESG Score.
Index Key Points
Underlying Index
MarketGrader New China ESG Index
Index composition
The MarketGrader New China ESG Index is an equally-weighted index that includes 100 chinese stocks screened thoroughly from both a fundamental and ESG perspective. The selected companies operate in those four sectors that are expected to drive the future growth of the Chinese economy, as identified by the MarketGrader Global Classification System. The index is subject to semi-annual rebalance and presents a sector cap of 30%.
Companies initially eligible for inclusion in Index
- Companies need to be active in one of those four sectors expected to lead future growth: consumer staples and discretionary, healthcare and technology
- Market cap exceeding USD 500 million
- 3-Month average daily traded volume exceeding USD 2 million
- Only companies displaying strong fundamentals are eligible for inclusion. The index provider calculates a series of fundamental metrics that are then aggregated into 24 indicators. These are classified into the four categories of Growth, Value, Profitability and Cash Flow. As last step, these 24 metrics are then reduced to one single MarketGrader score ranging from 0 to 100. A score higher than 60 signifies a “buy” rating, meaning that the company is forecasted to generate long-term and sustainable value.
- Thorough ESG screening in partnership with OWL Analytics which leverages the largest ESG data set in the industry, gathered through corporate disclosures and filings, news sources, research firms and more. Selected companies need to rank above the median ESG rating of their sector. In this way only the companies applying the best ESG principles in their field are included in the index.
Index Provider
MarketGrader