China

DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES

ASHR_CFD.ETF

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ASHR was the first US-listed China ETF capable of accessing the coveted China A-share market directly. The fund is able to hold A-shares through the subadvisor, Harvest Global Investments, which has an RQFII license up to a specific quota. If the quota is reached, the fund will have to either get its quota increased, use derivatives to maintain exposure, or limit or halt creations, so monitoring is warranted. ASHR doesn't Fit our neutral "all-share" benchmark well, since it tracks an index specific to A-shares and misses out on companies solely listed in Hong Kong or the US. ASHR's focus on mainland A-shares also gives it a large-cap tilt and a heavy bias toward financials compared to our "all China" benchmark. Liquidity is good, though the RQFII quota can make creations difficult. An expensive fund to hold due to high fees and significant tracking challenges, ASHR's exposure nevertheless lands it on our Opportunities List for investors willing to watch this fund's performance carefully.

ETF name

ASHR_CFD.ETF

Market

Stocks

Costs

0.07 %

China

DEUTSCHE X-TRACKERS HARVEST CSI 300 CHINA A-SHARES

ASHR_CFD.ETF

ASHR was the first US-listed China ETF capable of accessing the coveted China A-share market directly. The fund is able to hold A-shares through the subadvisor, Harvest Global Investments, which has an RQFII license up to a specific quota. If the quota is reached, the fund will have to either get its quota increased, use derivatives to maintain exposure, or limit or halt creations, so monitoring is warranted. ASHR doesn't Fit our neutral "all-share" benchmark well, since it tracks an index specific to A-shares and misses out on companies solely listed in Hong Kong or the US. ASHR's focus on mainland A-shares also gives it a large-cap tilt and a heavy bias toward financials compared to our "all China" benchmark. Liquidity is good, though the RQFII quota can make creations difficult. An expensive fund to hold due to high fees and significant tracking challenges, ASHR's exposure nevertheless lands it on our Opportunities List for investors willing to watch this fund's performance carefully.

Portfolio composition (TOP 10)

01.12.2021
Ping An Insurance (Group) Company of China, Ltd. Class A
Kweichow Moutai Co., Ltd. Class A
Wuliangye Yibin Co., Ltd. Class A
China Merchants Bank Co., Ltd. Class A
Jiangsu Hengrui Medicine Co., Ltd. Class A
Midea Group Co. Ltd. Class A
Gree El

Instrument specification in OANDA TMS Brokers

Name
ASHR_CFD.ETF
Description
XTRACKERS HERVEST CSI 300 CHINA A-SHARES
Type
ETF
Contract size / 1 lot
Price * 1 USD
Value of 1 pip
0.01
Minimal step
0.01
Short sale
NO
Distance SL and TP
0
Minimum order value
1
Maximum order value
100
Transaction Step
1
Trading Hours
monday-friday 15:35-22:00
Deposit required
20%
Financial leverage
5:1
Long swap (daily)
-0.02308%
Short Swap (daily)
0.00642%
3-day swap (date)
5
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