CHII
Global X MSCI China Industrials ETF
The Global X MSCI China Industrials ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Industrials 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 01, 2009 |
| Assets (mns) | $5 |
| 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 +
| ZTO EXPRESS (CAYMAN) INC. SPONSORED ADR | 9.6 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 7.3 % |
| CITIC PACIFIC LIMITED | 5.5 % |
| CHINA COSCO HOLDINGS-H | 3.1 % |
| WEICHAI POWER CO LTD-H | 2.6 % |
| CHINA RAILWAY GROUP LTD - H | 2.2 % |
| CHINA STATE CONSTRUCTION INT | 2.2 % |
| CHINA SOUTH LOCOMOTIVE - H | 2.1 % |
| JD LOGISTICS, INC. | 2.0 % |
| CHINA STATE CONSTRUCTION -A | 1.9 % |
Constituent Breakdown
| Number of holdings | 120 |
| Herfindahl-Hirschman Index | 276 |
| Wgt avg mkt cap (mns) | $13,896 |
| Large cap (>$10bn) | 39.3% |
| Mid cap ($2-10bn) | 41.4% |
| Small cap (<$2bn) | 2.6% |
| Developed mkts. | 25.2% |
| Emerging mkts. | 74.8% |
Country Exposure
 |
CHINA | 80.8 % |
 |
HONG KONG | 17.3 % |
 |
SINGAPORE | 1.6 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -10.5% | -13.1% | -16.1% | -4.6% | -1.5% | 2.4% | -0.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.46 | 13% |
| MSCI EAFE | 0.72 | 33% |
| MSCI Emg Mkts | 1.05 | 65% |
Liquidity Measures
| Avg. volume (000) | 1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.68% |
| ADV of underlying (mns) | $5,648 |
Technical Indicators
| Recent close | $10.92 |
| 30d moving avg. | $11.46 |
| Annualized volatility | 23.2% |
| Relative strength (RSI) | 27 |
| Short interest (ETF) | 0.1% |
| 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. CHII |
Expenses vs. CHII |
ALTAR Score™ vs. CHII |
|---|---|---|---|---|
| KGRN | KraneShares MSCI China Clean Technology Index ETF | 16.4% | +14 bp | -7.3% |
| OBOR | KraneShares MSCI One Belt One Road Index ETF | 16.0% | +14 bp | -3.2% |
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 15.0% | 0 bp | -5.6% |
| KBA | KraneShares Bosera MSCI China A Share ETF | 14.1% | -10 bp | -4.2% |
| RAYC | Rayliant Quantamental China Equity ETF | 12.1% | +15 bp | -5.7% |
| KEJI | Global X China Innovation ETF | 11.8% | +10 bp | -10.8% |
| AFTY | Pacer CSOP FTSE China A50 ETF | 11.1% | +5 bp | -4.6% |
| CNXT | VanEck ChiNext ETF | 10.8% | 0 bp | -10.2% |
| CNYA | iShares MSCI China A ETF | 10.6% | -5 bp | -5.8% |
| FCA | First Trust China AlphaDEX Fund | 10.5% | +15 bp | +5.2% |
Risk and Returns: CHII 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
CHII
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™
CHII
14.6%
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™ | 14.6% |
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 188 funds in the Emerging Market Equities category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. CHII's ALTAR Score™ is approximately
1.7 standard deviations
above
the category average. This places CHII in the 95th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CHII
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) |
|
|---|---|---|---|
| CHII | 65.0 | 67.9 | 132.9 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .