[미국 ETF-중국] ASHRX trackers Harvest CSI 300 China A-Shares ETF

2020.08-14

ASHRX 

trackers Harvest CSI 300 China A-Shares ETF

ETF.com segment:

Equity: China - Total Market

Popular ASHR Comparisons:ASHR vs MCHI, ASHR vs GXC, ASHR vs KBA, ASHR vs CNYA, ASHR vs SPY

Related ETF Channels:Equity, Emerging Markets, China, Asia-Pacific, CSI 300 Index, Vanilla, Broad-based, Total Market, Size and Style

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*Unless otherwise stated, data provided by FactSet.

 

ASHR Fund Description

ASHR tracks an index of the 300 largest and most liquid Chinese shares traded on the Shanghai and Shenzhen exchanges. The fund holds physical China A-shares.

 

ASHR Factset Analytics Insight

ASHR was the first US-listed China ETF capable of accessing the coveted China A-share market directly. The fund is able to hold A-shares through the subadvisor, Harvest Global Investments, which has an RQFII license up to a specific quota. If the quota is reached, the fund will have to either get its quota increased, use derivatives to maintain exposure, or limit or halt creations, so monitoring is warranted. ASHR doesn't Fit our neutral "all-share" benchmark well, since it tracks an index specific to A-shares and misses out on companies solely listed in Hong Kong or the US. ASHR's focus on mainland A-shares also gives it a large-cap tilt and a heavy bias toward financials compared to our "all China" benchmark. Liquidity is good, though the RQFII quota can make creations difficult. An expensive fund to hold due to high fees and significant tracking challenges, ASHR's exposure nevertheless lands it on our Opportunities List for investors willing to watch this fund's performance carefully.

 

SHR MSCI ESG Analytics Insight

Xtrackers Harvest CSI 300 China A-Shares ETF has an MSCI ESG Fund Rating of B based on a score of 2.00 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.

The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Xtrackers Harvest CSI 300 China A-Shares ETF ranks in the 2nd percentile within its peer group and in the 14th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.

 

ASHR MSCI FaCS and Factor Box

MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.

 

• Ping An Insurance (Group) Company of China, Ltd. Class A5.06%
• Kweichow Moutai Co., Ltd. Class A4.94%
• Wuliangye Yibin Co., Ltd. Class A2.43%
• China Merchants Bank Co., Ltd. Class A2.36%
• Midea Group Co. Ltd. Class A2.07%
• Jiangsu Hengrui Medicine Co., Ltd. Class A2.02%
• Gree Electric Appliances, Inc. of Zhuhai Class A1.62%
• CITIC Securities Co. Ltd. Class A1.60%
• Luxshare Precision Industry Co. Ltd. Class A1.35%
• Inner Mongolia Yili Industrial Group Co., Ltd. Class A1.30%

Total Top 10 Weighting24.74%