Rayliant Quantamental China Equity ETF
RAYC
New York Stock Exchange Arca- -
USD
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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
- Address
- 5140 Birch Street Newport Beach DE United States of America 92660
- IPO Date
- Dec 31, 2020
- CIK
- 0001593547
- Similar Companies
- Business
- Rayliant Quantamental China Equity ETF (RAYC) is an actively managed exchange-traded fund that seeks long-term capital appreciation by investing at least 80% of its net assets in equity securities of issuers based in China, primarily onshore A-shares listed on the Shanghai and Shenzhen exchanges; it employs a systematic quantamental approach combining quantitative models, machine learning, big data analysis, and fundamental insights to exploit behavioral mispricings in China's retail-dominated market, targeting factors unique to Chinese accounting, regulations, market structure, state ownership, and investor behavior. The ETF, launched on December 30, 2020, and domiciled in the United States, benchmarks against the CSI 300 Index while maintaining a portfolio of approximately 70 holdings with a weighted average market cap of around $53 billion and a trailing P/E ratio of about 12; top holdings as of mid-2025 include Contemporary Amperex Technology Co Ltd Class A, Midea Group Co Ltd Class A, and Cambricon Technologies Corp Ltd. RAYC forms part of the Rayliant Quantamental ETF Series managed by Rayliant Asset Management, which was founded in 2016 and is headquartered in Newport Beach, California, with additional offices in Pasadena, Los Angeles, Beijing, Shanghai, Hangzhou, London, Hong Kong, and Taipei. Rayliant Asset Management, the ETF's investment adviser, oversees a suite of quantamental ETFs including the Rayliant Quantitative Developed Market Equity ETF (RAYD), Rayliant Quantamental Emerging Market ex-China Equity ETF (RAYE), Rayliant SMDAM Japan Equity ETF (RAYJ), and Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ); these funds target institutional and retail investors seeking active exposures to international, emerging, Japan, and China technology sectors beyond U.S. equities. The firm distributes RAYD, RAYE, RAYJ, and RAYC through SEI Investments Distribution Co., while CNQQ uses Northern Lights Distributors, LLC. In recent developments, Rayliant established the Rayliant Funds Trust on January 24, 2025, along with a new board of trustees featuring ETF veterans John Hyland and Laura Morrison as independent trustees and David Scott as interested trustee and chairman, signaling a strategic shift to bring ETF governance in-house from the prior series-trust provider Advisors’ Inner Circle Fund III to support expansion and broaden its advisory role. On September 26, 2025, Rayliant partnered with China Asset Management Co., Ltd. (ChinaAMC), China's largest ETF provider, to launch the Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ; NASDAQ: CNQQ), focusing on high-growth Chinese tech firms in next-generation IT, new energy, and advanced manufacturing. These moves align with Rayliant's growth to over $200 million in ETF assets under management as of mid-2025, emphasizing active strategies amid surging interest in China benchmarks.