Overview

Performance

Growth of USD 10,000

Holdings

Listings

Fund Documents

Overview

Investment Strategy:

KA50 is an index-tracking, passively managed, UCITS ETF that is benchmarked to the MSCI China A 50 Connect Index, consisting of 50 large-cap Shanghai and Shenzhen listed stocks (A-shares) available through Stock Connect. A key feature of this Index is that it offers the first officially recognized Futures contracts for Stock Connect-eligible A-shares, representing a powerful risk management tool that makes its underlying stocks attractive to international investors. KA50 focuses on the largest, most liquid stocks, which receive most foreign interest and inflows and may benefit from increased global investment in China’s onshore market over the long term.

MSCI China A 50 Connect Index Features:

  • Designed to meet the requirements of the growing number of investors in China’s mainland A-share markets.
  • In addition to offering high correlation to broad China A-share benchmarks, the MSCI China A 50 Connect Index may offer greater liquidity and investability due to its balanced sector weighting methodology and focus on China’s largest, most liquid securities.
  • An expected reduction in tracking error and bid-ask spreads given that market makers can directly hedge exposure with Futures.

China A-Share Internationalization Highlights:

  • China A-Shares are vastly underrepresented in global indexes. While the United States has a weight of 58.67% in the MSCI All Country World Index, China only has a weight of 4.85%1
  • MSCI is realigning China’s overall weight in their Global Standard Indexes through an incremental inclusion process. Upon completion, China A-shares are predicted to account for about 20% of the MSCI Emerging Market (EM) Index1.
  • Greater accessibility and inclusion in global indexes has led to significant foreign inflows into the China A-share market over the past several years.

1.) Data from MSCI as of 30/Sept/2021.

Daily Performance

Data for USD share class as of 27/Mar/2024
Daily Net Asset Value (NAV)
NAV $24.31
NAV Daily Change -1.30%

Performance History

Cumulative %
Data for USD share class as of: 29/Feb/2024
Fund NAV Index
1 Month 8.87% 8.91%
3 Month -0.17% -0.04%
6 Month -8.03% -7.90%
YTD 0.72% 0.79%
Since Inception -4.76% -0.42%
Avg Annualized %
Data for USD share class as of month end: 29/Feb/2024
Fund NAV Index
1 Year -18.57% -18.31%
3 Year -14.98% -14.44%
Since Inception -1.04% -0.09%
Avg Annualized %
Data for USD share class as of quarter end: 31/Dec/2023
Fund NAV Index
1 Year -16.85% -16.61%
3 Year -14.60% -14.04%
Since Inception -1.23% -0.27%

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

Growth of USD 10,000

Data as of 27/Mar/2024

The Growth of USD 10,000 chart reflects an initial investment of USD 10,000 in the Fund's USD share class on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of USD 10,000 chart since inception, the initial investment of USD 10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a USD 10,000 investment in the fund is hypothetical and for illustration purposes only. Fund performance data used in this chart is based on Fund NAV and represents past performance. Past performance does not guarantee future results.

Top 10 Holdings

Data as of 28/Mar/2024 Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 KWEICHOW MOUTAI CO LTD-A 7.73% 600519 CNE0000018R8 700 164,061
2 CONTEMPORARY A-A 7.45% 300750 CNE100003662 6,080 158,088
3 ZIJIN MINING-A 6.44% 601899 CNE100000B24 61,700 136,820
4 FOXCONN INDUST-A 5.78% 601138 CNE1000031P3 38,000 122,734
5 WANHUA CHEMIC-A 4.91% 600309 CNE0000016J9 9,400 104,158
6 LUXSHARE PRECI-A 3.96% 002475 CNE100000TP3 20,540 84,164
7 CHINA MERCHANTS BANK-A 3.46% 600036 CNE000001B33 16,593 73,545
8 BYD CO LTD -A 3.38% 002594 CNE100001526 2,498 71,695
9 CHINA YANGTZE-A 2.92% 600900 CNE000001G87 18,100 61,950
10 BOE TECHNOLOGY-A 2.77% 000725 CNE0000016L5 106,000 58,837

Holdings are subject to change.

Listings

Data as of 27/Mar/2024
Exchange Ticker Currency Listing Date SEDOL ISIN
London Stock Exchange KA50 LN USD 27/Jun/2019 BJ9JTF8 IE00BJLFK515
Borsa Italiana KA50 IM EUR 13/Oct/2022 IE00BJLFK515
Deutsche Börse Xetra KBA EUR 10/Oct/2023 IE00BJLFK515

Each share class is offered in the base currency noted above. To the extent the fund holds exposure to any positions in a currency different to the base currency, that position is unhedged.