Global X MSCI China Industrials
ALTAR
Score™
12.4% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
9.4x P/Sales
ratio
0.6x
P/BV
ratio
1.0x Div.
yield
2.9%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Industrials ETF seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Industrials Sector as per the Global Industry Classification System.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X Management Co LLC
Website www.globalxfunds.com
Inception date Dec 01, 2009
Assets (mns) $2
Currency USD
Expense ratio 66 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian Brown Brothers Harriman & Co
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 122
Wgt avg mkt cap (mns) $11,644
Large cap (>$10bn) 43.5%
Mid cap ($2-10bn) 56.2%
Small cap (<$2bn) 0.3%
Developed mkts 28.9%
Emerging mkts 71.1%

TOP TEN HOLDINGS
CHINA CONCH VENTURE HOLDINGS 6.5 %
CITIC PACIFIC LIMITED 6.1 %
ZTO EXPRESS (CAYMAN) INC. SPONSORE 6.1 %
COUNTRY GARDEN SERVICES HOLDINGS C 3.6 %
FOSUN INTERNATIONAL 3.2 %
WEICHAI POWER CO LTD-H 3.1 %
CHINA COMMUNICATIONS CONST-H 2.8 %
CHINA SOUTH LOCOMOTIVE - H 2.6 %
CHINA EVERBRIGHT INTL LTD 2.4 %
CHINA MERCHANTS HLDGS INTL 2.0 %
Total 38.4 %

TOP COUNTRY EXPOSURE
CHINA 76.6 %
HONG KONG 17.0 %
SINGAPORE 1.7 %








HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
5.3% 5.3% 1.5% -- 0.3%

Market Correlations
versus... Beta R-squared
S&P500 0.88 36%
MSCI EAFE 1.12 48%
MSCI Emg. Mkts. 0.96 61%

Technical Indicators
Recent close $13.30
30d moving avg. $13.59
Annualized volatility 17.7%
Short interest (ETF) 0.1%
Relative strength (RSI) 55

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.7%
Bid/Ask (% of price) 2.44%
ADV underlying (mns) $2,852

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X MSCI China Industrials ETF based on the alternatives' overlap in portfolio holdings with CHII. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CHII Expense: 66 bp ALTAR Score™: 12.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHII
Ticker Fund
Name
Overlap1
vs CHII
(%)
Expense
ratio
(bp)
Savings
vs CHII
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHII
(%)
OBOR KraneShares MSCI One Belt One Road Index 13.9 79 -13 9.1 -3.3
HAO Invesco China Small Cap ETF 13.5 75 -9 10.5 -1.9
ASHX Xtrackers MSCI China A Inclusion 10.6 60 6 8.5 -3.9
KBA KraneShares MSCI China A Int'l 10.6 60 6 8.6 -3.9
PEK VanEck Vectors ChinaAMC A-Shares 10.5 60 6 8.9 -3.5
ASHR Xtrackers Harvest CSI 300 China A-Shares 10.4 65 1 9.0 -3.4
CNYA iShares MSCI China A 10.4 65 1 8.4 -4.0
KGRN KraneShares MSCI China Environment Index 10.0 80 -14 8.0 -4.5
CNHX CSOP MSCI China A International Hedged 9.6 79 -13 8.7 -3.8
FCA First Trust China AlphaDEX 9.5 80 -14 12.2 -0.2
EMIF iShares S&P Emerging Markets Infrastructure 9.4 75 -9 7.3 -5.1
WCHN WisdomTree ICBCCS S&P China 500 7.9 55 11 8.6 -3.8
ECOW Pacer Emerging Markets Cash Cows 100 7.7 70 -4 10.2 -2.2
FEM First Trust Emerging Markets AlphaDEX 7.6 80 -14 10.2 -2.2
KALL KraneShares MSCI China All Shares 7.4 49 17 8.7 -3.7
UEVM USAA MSCI Emerging Markets Value Momentum Blend Index 6.9 45 21 12.9 +0.5
KFYP KraneShares CICC China Leaders 100 6.2 70 -4 12.8 +0.4
EMGF iShares Edge MSCI Multifactor Emerging Markets 6.1 45 21 9.4 -3.0
PGJ Invesco Golden Dragon China 5.6 70 -4 3.6 -8.9
FPXI First Trust International IPO 5.4 70 -4 4.1 -8.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

Content on this tab for subscribers only**

RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

Content on this tab for subscribers only

VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Global X MSCI China Industrials
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 12.4 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 66 bp
Equals: ALTAR Score 12.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.48
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.