VanEck New China UCITS ETF
CNEW.L
London Stock Exchange- -
USD
- -
- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 70 Sir John Rogerson's Quay Dublin Ireland D02 R296
- IPO Date
- Sep 24, 2021
- Website
- vaneck.com
- Similar Companies
- Business
- VanEck New China ESG UCITS ETF (Ticker: CNEW.L) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the CSI New China ESG Select 50 Sustainability Net Zero 2050 Index. The fund invests in a portfolio of 50 large-cap Chinese equities selected for their strong environmental, social, and governance (ESG) characteristics, with a focus on companies aligned with net-zero emissions pathways by 2050; it emphasizes sectors such as technology, consumer discretionary, and industrials while excluding firms involved in controversial activities like tobacco, weapons, or fossil fuels. Launched in 2022 and domiciled in Ireland with administrative operations managed from the Netherlands, the ETF targets institutional and retail investors seeking ESG-compliant exposure to China's A-share and offshore markets, primarily through physical replication with securities lending for additional yield. In late 2024, VanEck announced enhancements to the fund's underlying index methodology to incorporate forward-looking climate transition data, improving alignment with Paris Agreement goals; the firm also expanded distribution partnerships across Europe, including new listings on the London Stock Exchange and Deutsche Börse, amid growing demand for sustainable China-focused strategies. The ETF operates within the broader asset management industry, serving global investors with a minimum investment horizon suited to equity market volatility.