VanEck Vectors ChinaAMC CSI 300 ETF
PEK
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- VanEck Vectors ChinaAMC CSI 300 ETF (PEK) is an exchange-traded fund that seeks to replicate, before fees and expenses, the price and yield performance of the CSI 300 Index, which comprises the 300 largest and most liquid constituent companies listed and trading on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE), representing approximately 70% of the total market capitalization of Chinese A-shares. The ETF provides investors with targeted exposure to large-cap Chinese equities across key sectors including financials, consumer discretionary, industrials, information technology, and communication services; it holds approximately 198 securities with significant concentration in its top 10 holdings accounting for over 64% of assets. Issued by VanEck Vectors ETF Trust and managed by Van Eck Associates Corporation in partnership with China Asset Management Co., Ltd. (ChinaAMC) as sub-adviser, the fund features an expense ratio of 0.60% and distributes dividends semi-annually. Launched on October 13, 2010, and headquartered at 666 Third Avenue, New York, NY 10017 for VanEck, the ETF originally traded on NYSE Arca under the ticker PEK and focused exclusively on synthetic replication of China A-shares via swaps to access mainland Chinese stocks. In a major strategic shift announced on April 17, 2020, and effective May 1, 2020, the fund underwent a comprehensive reorganization: it was renamed VanEck Vectors China Growth Leaders ETF, changed its ticker to GLCN, and shifted its benchmark to the MarketGrader China All-Cap Growth Leaders Index, broadening exposure to growth-oriented Chinese companies across all market capitalizations using a proprietary fundamental scoring methodology emphasizing growth at reasonable valuations. This transformation expanded the investable universe beyond the prior CSI 300 focus, incorporated value and quality factors aligned with VanEck's active management philosophy, and aimed to deliver improved risk-adjusted returns amid evolving emerging market dynamics; the legacy PEK ticker is no longer active. The ETF primarily targets institutional and retail investors seeking diversified access to China's domestic equity market, with geographic operations centered on mainland China A-shares through its index methodology and sub-advisory expertise from ChinaAMC based in Hong Kong. VanEck, founded in 1955 as an investment adviser, oversees the fund as part of its broader suite of over 100 ETFs managing approximately $113.9 billion in assets as of August 2024, including other China-focused products like the VanEck New China UCITS ETF (CNEW). No significant partnerships, acquisitions, funding rounds, or new product launches specific to PEK have been reported since the 2020 reorganization, though VanEck continues expanding its emerging markets and thematic offerings globally.