CHIC
Global X MSCI China Communication Services ETF
The Global X MSCI China Communication Services ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Communication Services Sector as per the Global Industry Classification System.
Fund Basics
| Fund sponsor | Global X Management Co LLC |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 09, 2009 |
| Assets (mns) | $7 |
| Expense ratio | 65 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| BAIDU, INC. CLASS A | 9.8 % |
| NETEASE, INC | 9.2 % |
| TENCENT HOLDINGS LTD | 8.8 % |
| KUAISHOU TECHNOLOGY CLASS B | 7.5 % |
| CHINA TOWER CORP. LTD. CLASS H | 3.5 % |
| YY INC-ADR | 3.4 % |
| KANZHUN LTD. SPONSORED ADR | 3.4 % |
| KINGSOFT CORP LTD | 3.3 % |
| HENGTEN NETWORKS GROUP LIMITED | 3.2 % |
| BILIBILI, INC. CLASS Z | 3.1 % |
Constituent Breakdown
| Number of holdings | 32 |
| Herfindahl-Hirschman Index | 560 |
| Wgt avg mkt cap (mns) | $52,446 |
| Large cap (>$10bn) | 44.5% |
| Mid cap ($2-10bn) | 55.5% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 9.5% |
| Emerging mkts. | 90.5% |
Country Exposure
 |
CHINA | 96.6 % |
 |
HONG KONG | 3.2 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 6.0% | 2.9% | -13.2% | -17.1% | -9.7% | -1.1% | 1.1% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.33 | 3% |
| MSCI EAFE | 0.78 | 16% |
| MSCI Emg Mkts | 1.53 | 57% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.56% |
| ADV of underlying (mns) | $2,092 |
Technical Indicators
| Recent close | $14.17 |
| 30d moving avg. | $15.02 |
| Annualized volatility | 36.2% |
| Relative strength (RSI) | 34 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. CHIC |
Expenses vs. CHIC |
ALTAR Score™ vs. CHIC |
|---|---|---|---|---|
| KWEB | KraneShares CSI China Internet ETF | 35.8% | +4 bp | +2.3% |
| CQQQ | Invesco China Technology ETF | 33.5% | +5 bp | -2.6% |
| KTEC | KraneShares Hang Seng TECH Index ETF | 29.7% | +4 bp | +2.1% |
| TCHI | iShares MSCI China Multisector Tech ETF | 25.1% | -6 bp | +8.0% |
| KESG | KraneShares MSCI China ESG Leaders Index ETF | 21.2% | -6 bp | +14.9% |
| FXI | iShares China Large-Cap ETF | 19.9% | +9 bp | +16.6% |
| FDNI | First Trust Dow Jones International Internet ETF | 19.6% | 0 bp | +6.3% |
| EMQQ | EMQQ The Emerging Markets Internet & Ecommerce ETF | 18.9% | +21 bp | +5.2% |
| SOCL | Global X Social Media ETF | 17.2% | 0 bp | -2.2% |
| KEMQ | Kraneshares Emerging Markets Consumer Technology Index ETF | 16.8% | -5 bp | +2.8% |
Risk and Returns: CHIC vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2022 | 2023E | Fwd Est | 2024E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 9/20/2023
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
CHIC
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
CHIC
-3.4%
Cat. Avg
7.7%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | -3.4% |
Recommendation
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
Category Overview
There are 188 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. CHIC's ALTAR Score™ is approximately
2.7 standard deviations
below
the category average. This places CHIC in the 1st percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CHIC
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| CHIC | 65.0 | 56.2 | 121.2 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .