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.”