SCIX: new Multi Factor Asia ex-Japan Equity ETF by Global X

CLOSED 08/21/2020

Global X begun trading the Global X Scientific Beta Asia ex-Japan ETF (NYSE Arca: SCIX) on Tuesday, May 12, 2015.
Here is a synopsis of the new ETF:



Symbol: SCIX Exchange: NYSE Arca
Name: Global X Scientific Beta Asia ex-Japan ETF Net Expense Ratio: 0.38%



The Global X Scientific Beta Asia ex-Japan ETF seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Scientific Beta Developed Asia-Pacific ex Japan Multi-Beta Multi-Strategy Equal Risk Contribution Index.
The Fund invests at least 80% of its total assets in the securities of the Underlying Index and in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) based on the securities in the Underlying Index.


The objective of the Scientific Beta Developed Asia-Pacific ex Japan Multi-Beta Multi-Strategy Equal Risk Contribution Index is to outperform traditional market capitalization-weighted indexes, with lower volatility. The method to achieve outperformance relative to traditional market capitalization-weighted indexes is derived from a proprietary process for selecting and weighting index components from the initial universe.
The components of the Underlying Index are selected from a universe of the 400 largest, as measured by free float market capitalization, and most liquid stocks traded principally on a stock exchange in and incorporated or domiciled (i.e., maintain a principal place of business) in developed markets in Asia, excluding Japan, but including Hong Kong, New Zealand, Singapore, South Korea and Australia.
The Underlying Index’s components are selected by applying 4 factors that have been widely recognized by academic literature to outperform market capitalization weighted-indexes over the long run:
Value, Size, Low-Volatility and Momentum.
Each of these factors is applied by using the following metrics: price-to-book ratio for Value, free-float market capitalization for Size, historical volatility over the trailing 104 week period for Low-Volatility, and one-year-minus-one-month total returns for Momentum.
Finally, components are weighted by employing a proprietary, multi-step process that combines multiple weighting methodologies to diversify the risks associated with any one weighting scheme.

Index Country Breakdown (05/12/15):

Hong Kong 33.8%
Australia 24.0%
South Korea 23.3%
Singapore 13.0%
New Zealand 4.9%

Index Top Consituents (05/12/15):

Hanergy Thin Film Power Group Ltd. 1.1%
Fosun International Ltd. 1.0%
PCCW Ltd. 0.9%
Mapletree Industrial Trust 0.8%
Fisher & Paykel Healthcare Corporation Ltd. 0.8%
NWS Holdings Ltd. 0.8%
Link Real Estate Investment Trust 0.8%


Index Industry Breakdown (05/12/15):

Financials 27.4%
Industrials 17.1%
Consumer Discretionary 15.7%
Materials 7.2%
Utilities 6.6%
Consumer Staples 6.6%
Information Technology 6.1%
Health Care 6.0%
Telecommunication Services 5.2%
Energy 2.1%


Useful Links:
SCIX Home Page

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