Deutsche Asset & Wealth Management, begun trading the Deutsche X-trackers CSI 300 China A-Shares Hedged Equity ETF (NYSEArca: ASHX) on Tuesday, October 20, 2015.
FUND INFORMATION:
| Symbol: ASHX | Exchange: NYSE Arca |
| Name: Deutsche X-trackers CSI 300 China A-Shares Hedged Equity ETF | Net Expense Ratio: 0.85% |
FUND OBJECTIVE:
The Deutsche X-trackers CSI 300 China A-Shares Hedged Equity ETF seeks investment results that correspond generally to the performance, before fees and expenses, of the CSI 300 USD Hedged Index.
REFERENCE INDEX:
The CSI 300 USD Hedged Index is designed to reflect the price fluctuation and performance of the China A-Share market hedged against the U.S. dollar.
The Underlying Index includes the 300 largest and most liquid stocks in the China A-Share market. The Underlying Index includes small-cap, mid-cap, and large-cap stocks. Currently, the Fund achieves its investment objective by investing a substantial portion of its assets in Deutsche X-trackers Harvest CSI 300 China A-Shares ETF (NYSE: ASHR) (Underlying Fund). To obtain exposure to the currency hedging component of the Underlying Index, the Adviser intends to invest directly in currency forward contracts.
A-Shares are equity securities issued by companies incorporated in mainland China and are denominated and traded in RMB on the Shenzhen and Shanghai Stock Exchanges.
Top 10 Holdings (ASHR, 10/19/2015):
| PING AN INSURANCE GROUP CO-A | 4.01 % |
| CHINA MERCHANTS BANK-A | 3.34 % |
| CHINA MINSHENG BANKING-A | 2.82 % |
| SHANGHAI PUDONG DEVEL BANK-A | 1.97 % |
| INDUSTRIAL BANK CO LTD -A | 1.93 % |
| CSR CORP LTD -A | 1.49 % |
| CHINA VANKE CO LTD -A | 1.48 % |
| CITIC SECURITIES CO-A | 1.39 % |
| BANK OF COMMUNICATIONS CO-A | 1.37 % |
| HAITONG SECURITIES CO LTD-A | 1.33 % |
Sector Allocation (ASHR, 10/19/2015):
| Financials | 38.45% |
| Industrials | 18.11% |
| Consumer Discretionary | 10.55% |
| Information Technology | 6.92% |
| Materials | 6.73% |
| Consumer Staples | 5.56% |
| Health Care | 5.34% |
| Utilities | 4.52% |
| Energy | 2.91% |
| Telecoms | 0.91% |
Useful Links:
ASHX Home Page
Category: Equities> Regions> Asia> Emerging Asia Equities> China
ETFtrack comment:
ASHX is the world’s first currency-hedged China A-Shares ETF. “As the first provider of a China A-shares ETF to the US market and as a leading provider of currency-hedged ETFs, we believe ASHX truly showcases our capabilities as we endeavor to deliver timely and relevant solutions to the market,” said Fiona Bassett, Head of Passive in the Americas. “With ASHX we aim to capture the growth of one of the world’s fastest-growing economies, while minimizing exposure to currency volatility.”