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.


Passive, Concentrated

MANAGEMENT MATRIX

CLOSEST COMP

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorGlobal X
CategoryEmerging Market Equities
Asset classEquity
Websitelink...
Inception dateDec 07, 2018
Assets (mns)$6
Expense ratio66 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
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 holdings24
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)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-29.4% 99.5% 19.0% -0.8% -- -- 3.7%
Market Correlations
versus...BetaR-squared
S&P 500-1.274%
MSCI EAFE0.882%
MSCI Emg Mkts1.616%
Liquidity Measures
Avg. volume (000)7
Turnover1.6%
Avg. Bid/Ask (% of price)1.37%
ADV of underlying (mns)$803
Technical Indicators
Recent close$14.14
30d moving avg.$15.37
Annualized volatility118.2%
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  
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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 --%
0.2 6.6 0.4 4.8% --
Based on closing prices from 12/6/2023
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
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
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
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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 .
Fundamental data for individual fund constituents sourced from FactSet Research Systems.