CNYA
iShares MSCI China A ETF
The iShares MSCI China A ETF tracks a market-cap-weighted index of large- and midcap Chinese equity listed in Shanghai and Shenzhen.
Fund Basics
| Fund sponsor | BlackRock |
| Category | Emerging Market Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 13, 2016 |
| Assets (mns) | $212 |
| Expense ratio | 60 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Value |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| KWEICHOW MOUTAI CO LTD-A | 6.1 % |
| CONTEMPORARY AMPEREX TECHNOLOGY CO., LTD | 2.1 % |
| CHINA MERCHANTS BANK -A | 1.7 % |
| WULIANGYE YIBIN CO LTD-A | 1.6 % |
| CHINA YANGTZE POWER CO LTD-A | 1.5 % |
| PING AN INSURANCE (GROUP) COMPANY OF CHI | 1.2 % |
| BYD CO LTD -A | 1.1 % |
| SHENZHEN MINDRAY BIO-MEDICAL ELECTRONICS | 0.9 % |
| LUZHOU LAOJIAO CO LTD-A | 0.9 % |
| AGRICULTURAL BANK OF CHINA-A | 0.8 % |
Constituent Breakdown
| Number of holdings | 564 |
| Herfindahl-Hirschman Index | 75 |
| Wgt avg mkt cap (mns) | $42,208 |
| Large cap (>$10bn) | 71.2% |
| Mid cap ($2-10bn) | 28.7% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 3.1% |
| Emerging mkts. | 96.9% |
Country Exposure
 |
CHINA | 79.2 % |
Historical Performance
Standardized Annual Returns (as of 11/30/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| -12.3% | -12.7% | -19.2% | -10.5% | 4.3% | -- | 2.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.24 | 4% |
| MSCI EAFE | 0.56 | 19% |
| MSCI Emg Mkts | 0.83 | 45% |
Liquidity Measures
| Avg. volume (000) | 70 |
| Turnover | 0.9% |
| Avg. Bid/Ask (% of price) | 0.09% |
| ADV of underlying (mns) | $18,468 |
Technical Indicators
| Recent close | $26.46 |
| 30d moving avg. | $27.44 |
| Annualized volatility | 22.1% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 0.6% |
| 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. CNYA |
Expenses vs. CNYA |
ALTAR Score™ vs. CNYA |
|---|---|---|---|---|
| ASHR | Xtrackers Harvest CSI 300 China A-Shares ETF | 64.9% | +5 bp | +0.6% |
| KBA | KraneShares Bosera MSCI China A Share ETF | 37.5% | -5 bp | +0.7% |
| AFTY | Pacer CSOP FTSE China A50 ETF | 35.9% | +10 bp | +0.9% |
| RAYC | Rayliant Quantamental China Equity ETF | 28.8% | +20 bp | +0.8% |
| KALL | KraneShares MSCI All China Index ETF | 21.8% | -11 bp | +1.2% |
| CHIS | Global X MSCI China Consumer Staples ETF | 14.3% | +5 bp | -3.9% |
| CHIX | Global X MSCI China Financials ETF | 14.3% | +6 bp | +11.8% |
| TCHI | iShares MSCI China Multisector Tech ETF | 14.2% | -1 bp | -5.8% |
| JCHI | JPMorgan Active China ETF | 13.0% | +5 bp | -0.8% |
| CXSE | WisdomTree China ex-State-Owned Enterprises Fund | 13.0% | -28 bp | -2.2% |
Risk and Returns: CNYA 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
CNYA
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™
CNYA
8.4%
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™ | 8.4% |
Recommendation
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
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
4.1%. CNYA's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places CNYA in the 63rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
CNYA
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
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| 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) |
|
|---|---|---|---|
| CNYA | 60.0 | 9.1 | 69.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .