[미국 ETF - 중국] FXI i-Shares China Large-Cap ETF

매입일자: 2020.08.13

티커 : FXI

iShares China Large-Cap ETF is a company in the U.S. stock market and it is a holding in 3 U.S.-traded ETFs. FXI has around 3.4M shares in the U.S. ETF market. The largest ETF holder of FXI is the Direxion Daily FTSE China Bull 3X Shares (YINN), with approximately 3.30M shares.

 

FXI Fund Description

FXI tracks an index of the 50 largest and most liquid Chinese stocks traded on the Hong Kong Stock Exchange.

 

FXI Factset Analytics Insight

FXI is among the largest and most popular China ETFs, with superb AUM and strong daily volume. The fund holds 50 of the largest H-shares, P-chips and Red Chips listed in Hong Kong—mainland-listed A-shares and US-listed Chinese mega-caps, like Baidu (classified as an N-share), aren't included. Understandably, FXI doesn't fit well with our MSCI benchmark, which holds hundreds of securities and includes A-shares traded in Shanghai and Shenzhen which still aren't fully accessible to foreign investors. The fund also carries a heavy concentration in financials, with China's big, state-run banks making up a huge portion of the portfolio.FXI is one of the oldest China-focused ETFs on the market, and it has recently faced increasing competition from newer large-cap and total-market funds with lower fees and more complete portfolios. However, the fund's strong liquidity is still a point in its favor for short-term traders.

iShares China Large-Cap ETF has an MSCI ESG Fund Rating of BB based on a score of 3.53 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. iShares China Large-Cap ETF ranks in the 9th percentile within its peer group and in the 56th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings