CHIE
Global X MSCI China Energy ETF
The Global X MSCI China Energy ETF seeks to invest in large-, mid- and small-capitalization segments of the MSCI China IMI Index that are classified in the Energy 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 16, 2009 |
| Assets (mns) | $5 |
| Expense ratio | 66 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 +
| CHINA SHENHUA ENERGY CO - H | 9.6 % |
| YANZHOU COAL MINING CO-H | 8.5 % |
| CHINA PETROLEUM & CHEMICAL-H | 8.0 % |
| PETROCHINA CO LTD-H | 7.6 % |
| CGN MINING CO LTD | 5.2 % |
| SHAANXI COAL INDUSTRY CO., LTD. CLASS A | 5.0 % |
| CHINA COAL ENERGY CO - H | 5.0 % |
| CHINA SHIPPING DEVELOPMENT-H | 4.7 % |
| INNER MONGOLIA YITAI COAL-B | 4.2 % |
| CHINA OILFIELD SERVICES-H | 4.0 % |
Constituent Breakdown
| Number of holdings | 26 |
| Herfindahl-Hirschman Index | 508 |
| Wgt avg mkt cap (mns) | $25,765 |
| Large cap (>$10bn) | 44.6% |
| Mid cap ($2-10bn) | 42.2% |
| Small cap (<$2bn) | 13.2% |
| Developed mkts. | 11.0% |
| Emerging mkts. | 89.1% |
Country Exposure
 |
CHINA | 92.5 % |
 |
HONG KONG | 11.6 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 15.6% | 8.1% | 25.4% | 27.0% | 9.8% | 3.5% | 3.3% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.19 | 2% |
| MSCI EAFE | 0.53 | 14% |
| MSCI Emg Mkts | 0.65 | 23% |
Liquidity Measures
| Avg. volume (000) | 2 |
| Turnover | 0.6% |
| Avg. Bid/Ask (% of price) | 0.58% |
| ADV of underlying (mns) | $843 |
Technical Indicators
| Recent close | $15.64 |
| 30d moving avg. | $15.49 |
| Annualized volatility | 24.2% |
| Relative strength (RSI) | 47 |
| Short interest (ETF) | 1.5% |
| 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. CHIE |
Expenses vs. CHIE |
ALTAR Score™ vs. CHIE |
|---|---|---|---|---|
| FCA | First Trust China AlphaDEX Fund | 16.3% | +14 bp | +7.1% |
| SDEM | Global X MSCI SuperDividend Emerging Markets ETF | 14.7% | +1 bp | +5.0% |
Risk and Returns: CHIE 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 12/6/2023
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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
CHIE
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™
CHIE
13.6%
Cat. Avg
7.0%
Fund Category: Emerging Market Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 13.6% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
Category Overview
There are 175 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.0% and a standard deviation of
4.2%. CHIE's ALTAR Score™ is approximately
1.6 standard deviations
above
the category average. This places CHIE in the 94th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CHIE
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
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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) |
|
|---|---|---|---|
| CHIE | 66.0 | 58.4 | 124.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .