Global X MSCI China Information Technology
ALTAR
Score™
6.4% info Recommen-
dation
UNDERWEIGHT
2019E    2020E
P/E
ratio
23.1x P/Sales
ratio
0.9x
P/BV
ratio
2.2x Div.
yield
1.3%


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

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Dec 11, 2018
Assets (mns) $2
Currency USD
Expense ratio 65 bp
Distributions Annually

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Market Cap
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 85
Wgt avg mkt cap (mns) $10,313
Large cap (>$10bn) 31.3%
Mid cap ($2-10bn) 66.5%
Small cap (<$2bn) 2.2%
Developed mkts 39.3%
Emerging mkts 60.7%

TOP TEN HOLDINGS
SUNNY OPTICAL TECH 10.0 %
AAC TECHNOLOGIES HOLDINGS INC. 8.9 %
XIAOMI CORP. CLASS B 7.5 %
LENOVO GROUP LTD 7.3 %
SEMICONDUCTOR MANUFACTURING INTERN 6.3 %
GDS HOLDINGS LTD. SPONSORED ADR CL 4.7 %
KINGDEE INTERNATIONAL SFTWR 4.0 %
XINYI SOLAR HOLDINGS LTD 3.8 %
TRAVELSKY TECHNOLOGY LTD-H 3.8 %
KINGSOFT CORP LTD 3.7 %
Total 60.1 %

TOP COUNTRY EXPOSURE
CHINA 82.9 %
HONG KONG 11.3 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
30.6% -- -- -- 30.6%

Market Correlations
versus... Beta R-squared
S&P500 -- --
MSCI EAFE -- --
MSCI Emg. Mkts. -- --

Technical Indicators
Recent close $18.72
30d moving avg. $18.14
Annualized volatility 0.0%
Short interest (ETF) 1.1%
Relative strength (RSI) 64

Liquidity measures
Avg. volume (thou.) 1
Turnover 1.0%
Bid/Ask (% of price) 0.72%
ADV underlying (mns) $6,057

Distributions


FINDING ALTERNATIVE FUNDS

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

Benchmark ticker: CHIK Expense: 65 bp ALTAR Score™: 6.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIK
Ticker Fund
Name
Overlap1
vs CHIK
(%)
Expense
ratio
(bp)
Savings
vs CHIK
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIK
(%)
CQQQ Invesco China Technology 21.4 70 -5 5.3 -1.2
CNXT VanEck Vectors China AMC SME-ChiNext 11.2 65 0 5.5 -0.9
KGRN KraneShares MSCI China Environment Index 7.7 80 -15 10.1 +3.7
ASHX Xtrackers MSCI China A Inclusion 7.5 60 5 8.8 +2.4
CNYA iShares MSCI China A 7.5 65 0 9.3 +2.8
HAO Invesco China Small Cap ETF 7.3 75 -10 9.5 +3.1
PEK VanEck Vectors ChinaAMC A-Shares 6.9 60 5 9.2 +2.8
ASHR Xtrackers Harvest CSI 300 China A-Shares 6.9 65 0 9.2 +2.8
CNHX CSOP MSCI China A International Hedged 6.8 79 -14 9.3 +2.9
IPOS Renaissance International IPO 6.4 80 -15 5.7 -0.8
KBA KraneShares MSCI China A Int'l 6.2 60 5 8.8 +2.4
CXSE WisdomTree China ex-State Owned Enterprises 6.1 32 33 7.0 +0.6
WCHN WisdomTree ICBCCS S&P China 500 5.7 55 10 9.1 +2.7
FHK First Trust Hong Kong 5.5 80 -15 9.5 +3.0
KALL KraneShares MSCI China All Shares 5.2 49 16 9.0 +2.6
SRVR Pacer Benchmark Data & Infrastructure Real Estate 4.7 60 5 5.6 -0.9
ICLN iShares S&P Global Clean Energy 3.8 46 19 3.8 -2.6
TAN Invesco Global Solar Energy 3.8 70 -5 -3.3 -9.8
GXC SPDR S&P China ETF 3.6 59 6 9.2 +2.7
MCHI iShares MSCI China 3.5 59 6 9.4 +2.9

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 Information Technology
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 14.4 %
Divided by: Fwd. P/BV 2.0 x
Less: Expense ratio 65 bp
Equals: ALTAR Score 6.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.41 CATEGORY
AVERAGE
1.49
 
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.