CNYA: new China A-share ETF by iShares launched

BlackRock’s iShares, begun trading the iShares MSCI China A ETF (BATS: CNYA) on Wednesday, June 15, 2016. Here is a synopsis of the new ETF:

 

FUND INFORMATION:

Symbol: CNYA Exchange: BATS
Name: iShares MSCI China A ETF Net Expense Ratio: 0.65%

 

FUND OBJECTIVE:
The iShares MSCI China A ETF  seeks to track the investment results of the MSCI China A International Index.

 

REFERENCE INDEX:
The MSCI China A International Index is designed to measure the equity market performance in the China A-shares market. China A-shares are equity securities of companies based in mainland China that trade on Chinese stock exchanges such as the Shanghai Stock Exchange and the Shenzhen Stock Exchange (A-shares).

Foreign investment in A-shares is permitted principally through regulations in the People’s Republic of China known as the Qualified Foreign Institutional Investor (QFII) and Renminbi Qualified Foreign Institutional Investor (RQFII) systems. The Underlying Index applies eligibility criteria for the MSCI Global Investable Market Indexes (GIMI), along with MSCI’s investability and minimum size criteria for emerging markets. The Underlying Index is weighted by each issuer’s free float-adjusted market capitalization available to foreign investors and may include large- or midcapitalization companies. Components primarily include consumer discretionary, financials and industrials companies.

 

Fund Top Holdings (06/15/16):

Symbol

Name

Weight

CNY CNY CASH 14.81%
600519 KWEICHOW MOUTAI LTD A 2.04%
600036 CHINA MERCHANTS BANK CO LTD A 2.03%
601318 PING AN INSURANCE (GROUP) OF CHINA 1.97%
600000 SHANGHAI PUDONG DEVELOPMENT BANK L 1.88%
601166 INDUSTRIAL BANK CO. LTD. 1.66%
600016 CHINA MINSHENG BANKING CORP. LTD. 1.52%
601288 AGRICULTURAL BANK OF CHINA LTD. 1.42%
601398 INDUSTRIAL & COMMERCIAL BANK OF CH 1.36%
601328 BANK OF COMMUNICATIONS CO. LTD. 1.20%

 

Fund Sector Allocation (06/15/16):

Financials 35.01%
Industrials 17.19%
Consumer Discretionary 11.11%
Materials 7.76%
Information Technology 7.58%
Consumer Staples 6.60%
Health Care 6.28%
Utilities  4.34%
Energy 2.73%
Telecommunications 0.60%

 

 

Useful Links:
CNYA Home Page

Category: Equities> Regions> Asia> Emerging Asia Equities> China

ETFtrack comment:
Here is a comment from Martin Small, Head of US iShares at BlackRock:
“With over 60 single country ETFs in the US, iShares offers the broadest range of funds to help investors access the international markets. By introducing CNYA we now have a truly global China A-share ETF suite. Investors all around the globe can meet their specific preferences for a US, Europe or Asia-domiciled iShares ETF to directly invest in this previously inaccessible market in a convenient way.”

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