CHIR
Global X MSCI China Real Estate ETF
The Global X MSCI China Real Estate ETF seeks to invest in large-, mid- and small-capitalization segments of the MSCI China IMI Index that are classified in the Real Estate Sector as per the Global Industry Classification System.
Fund Basics
| Fund sponsor | Global X |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 07, 2018 |
| Assets (mns) | $6 |
| 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 +
| KE HOLDINGS, INC. SPONSORED ADR CLASS A | 10.6 % |
| LONGFOR PROPERTIES | 9.3 % |
| CHINA OVERSEAS LAND & INVEST | 9.1 % |
| CHINA RESOURCES LAND LTD | 9.1 % |
| COUNTRY GARDEN HOLDINGS CO | 6.2 % |
| GREENTOWN CHINA HOLDINGS | 5.9 % |
| CHINA VANKE CO LTD-H | 5.9 % |
| COUNTRY GARDEN SERVICES HOLDINGS CO. LTD | 5.8 % |
| CHINA MERCHANTS SHEKOU INDUSTRIAL ZONE H | 4.5 % |
| FRANSHION PROPERTIES | 4.5 % |
Constituent Breakdown
| Number of holdings | 24 |
| Herfindahl-Hirschman Index | 579 |
| Wgt avg mkt cap (mns) | $11,018 |
| Large cap (>$10bn) | 46.5% |
| Mid cap ($2-10bn) | 49.1% |
| Small cap (<$2bn) | 4.4% |
| Developed mkts. | 37.8% |
| Emerging mkts. | 62.2% |
Country Exposure
 |
CHINA | 70.8 % |
 |
HONG KONG | 31.7 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -29.4% | 99.5% | 19.0% | -0.8% | -- | -- | 3.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | -1.27 | 4% |
| MSCI EAFE | 0.88 | 2% |
| MSCI Emg Mkts | 1.61 | 6% |
Liquidity Measures
| Avg. volume (000) | 7 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 1.37% |
| ADV of underlying (mns) | $803 |
Technical Indicators
| Recent close | $14.14 |
| 30d moving avg. | $15.37 |
| Annualized volatility | 118.2% |
| Relative strength (RSI) | 33 |
| Short interest (ETF) | 4.0% |
| 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. CHIR |
Expenses vs. CHIR |
ALTAR Score™ vs. CHIR |
|---|
Risk and Returns: CHIR 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
CHIR
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™
CHIR
29.9%
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™ | 29.9% |
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%. CHIR's ALTAR Score™ is approximately
5.5 standard deviations
above
the category average. This places CHIR in the 99th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CHIR
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) |
|
|---|---|---|---|
| CHIR | 66.0 | 137.4 | 203.4 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .