CNEW gives investors a portfolio of the most fundamentally sound companies in China having the best growth prospects in sectors making up ‘the New Economy’, namely technology, health care, consumer staples and consumer discretionary. The index aims to select 120 companies in China with the best growth at a reasonable price which are considered the best drivers of long-term capital appreciation. Companies are selected on the basis of the strength of 24 fundamental indicators across four factor categories: growth, value, profitability and cash flow. (Source: vaneck.com.au/etf/equity/cnew/snapshot/)
Heard about them on the AusBiz daily show and they look like an interesting way to get exposure to Chinese markets.