Global X MSCI China Large-Cap 50
ALTAR
Score™
9.6% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
11.8x P/Sales
ratio
1.6x
P/BV
ratio
1.7x Div.
yield
2.4%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Global X MSCI China Large-Cap 50 ETF seeks to invest in the 50 largest securities from the MSCI China Index that meet minimum size and liquidity requirements.

FUND BASICS
Category Emerging Market Equities
Fund Sponsor Global X
Website www.globalxfunds.com
Inception date Dec 11, 2018
Assets (mns) $3
Currency USD
Expense ratio 29 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 50
Wgt avg mkt cap (mns) $179,826
Large cap (>$10bn) 100.0%
Mid cap ($2-10bn) 0.0%
Small cap (<$2bn) 0.0%
Developed mkts 16.4%
Emerging mkts 83.6%

TOP TEN HOLDINGS
TENCENT HOLDINGS LTD 10.1 %
ALIBABA GROUP HOLDING LTD. SPONSOR 9.9 %
CHINA CONSTRUCTION BANK-H 5.8 %
PING AN INSURANCE GROUP CO-H 5.0 %
KWEICHOW MOUTAI CO LTD-A 4.1 %
CHINA MOBILE LIMITED 3.8 %
IND & COMM BK OF CHINA - H 3.6 %
BAIDU INC - SPON ADR 2.9 %
BANK OF CHINA LTD - H 2.7 %
CNOOC LTD 2.5 %
Total 50.4 %

TOP COUNTRY EXPOSURE
CHINA 85.5 %
HONG KONG 14.0 %









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.
25.8% -- -- -- 25.8%

Market Correlations
versus... Beta R-squared
S&P500 1.64 88%
MSCI EAFE 1.79 84%
MSCI Emg. Mkts. 1.27 88%

Technical Indicators
Recent close $30.00
30d moving avg. $29.71
Annualized volatility 22.5%
Short interest (ETF) 0.0%
Relative strength (RSI) 75

Liquidity measures
Avg. volume (thou.) 0
Turnover 0.0%
Bid/Ask (% of price) 0.64%
ADV underlying (mns) $10,620

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Global X MSCI China Large-Cap 50 ETF based on the alternatives' overlap in portfolio holdings with CHIL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: CHIL Expense: 29 bp ALTAR Score™: 9.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH CHIL
Ticker Fund
Name
Overlap1
vs CHIL
(%)
Expense
ratio
(bp)
Savings
vs CHIL
(bp)
ALTAR
Score™
(%)
ALTAR
vs CHIL
(%)
MCHI iShares MSCI China 55.4 59 -30 8.4 -1.2
FLCH Franklin FTSE China 54.4 19 10 8.8 -0.8
WCHN WisdomTree ICBCCS S&P China 500 53.5 55 -26 8.3 -1.3
GXC SPDR S&P China ETF 51.9 59 -30 8.4 -1.2
KALL KraneShares MSCI China All Shares 50.8 49 -20 8.4 -1.2
FXI iShares China Large-Cap 49.0 74 -45 13.2 +3.5
CXSE WisdomTree China ex-State Owned Enterprises 48.6 32 -3 6.3 -3.3
2800-HK Tracker Fund of Hong Kong 44.8 9 20 9.8 +0.2
BKF iShares MSCI BRIC 41.4 67 -38 7.9 -1.7
CN Xtrackers Harvest MSCI All China 41.2 50 -21 8.5 -1.1
ECON Columbia Emerging Markets Consumer 32.3 59 -30 5.1 -4.5
GMF SPDR S&P Emerging Asia Pacific 31.0 49 -20 7.6 -2.0
KWEB KraneShares CSI China Internet 30.5 76 -47 3.6 -6.0
EEB Invesco BRIC 30.5 64 -35 6.2 -3.4
EEMA iShares MSCI Emg Mkts Asia 30.3 50 -21 8.2 -1.5
FDNI First Trust Dow Jones International Internet 29.9 65 -36 3.8 -5.8
AIA iShares S&P Asia 50 29.6 50 -21 8.6 -1.0
CQQQ Invesco China Technology 27.3 70 -41 4.8 -4.9
TTTN TigerShares China-U.S. Internet Titans 26.8 59 -30 3.7 -6.0
AAXJ iShares MSCI Asia ex-Japan 26.7 67 -38 7.6 -2.0

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%.

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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 Large-Cap 50
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

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.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 15.6 %
Divided by: Fwd. P/BV 1.6 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.27 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.