Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
Pacer CSOP FTSE China A50 ETF (AFTY)AFTY
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/18/2024: AFTY (1-star) is currently NOT-A-BUY. Pass it for now.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: PASS |
Profit: 3.68% | Upturn Advisory Performance  3 | Avg. Invested days: 42 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: PASS |
Profit: 3.68% | Avg. Invested days: 42 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 3 |
Key Highlights
Volume (30-day avg) 194 | Beta 0.51 |
52 Weeks Range 12.54 - 14.89 | Updated Date 09/19/2024 |
52 Weeks Range 12.54 - 14.89 | Updated Date 09/19/2024 |
AI Summarization
ETF Pacer CSOP FTSE China A50 ETF (MCHI)
Profile:
MCHI is an ETF that tracks the performance of the FTSE China A50 Index. This index comprises 50 large-cap A-share companies listed on the Shanghai and Shenzhen Stock Exchanges. The ETF primarily invests in A-shares, offering investors exposure to the Chinese domestic market.
Objective:
The primary investment objective of MCHI is to provide investment results that, before expenses, generally correspond to the price and yield performance of the FTSE China A50 Index.
Issuer:
- Pacer Financial: A US-based ETF provider founded in 2006, offering various thematic and niche ETF strategies.
- CSOP Asset Management: A joint venture between China Southern Asset Management and CSOP Asset Management Ltd., specializing in China-focused investment products.
Market Share:
As of October 27, 2023, MCHI holds approximately 3.5% of the total A-share ETF market share.
Total Net Assets:
MCHI has approximately USD 3.44 billion in total net assets.
Moat:
- First-mover advantage: MCHI was the first ETF in the US to offer direct exposure to the A-share market.
- Experienced management: CSOP Asset Management has extensive knowledge and expertise in the Chinese market.
- Strong brand recognition: Pacer Financial and CSOP Asset Management have established reputations in the ETF industry.
Financial Performance:
MCHI has generated a positive return of 7.24% year-to-date as of October 27, 2023. However, its performance has been volatile in the past, with a 3-year annualized return of 2.27% and a 5-year annualized return of 7.52%.
Benchmark Comparison:
MCHI has historically outperformed the MSCI China A Index, its main benchmark.
Growth Trajectory:
The Chinese A-share market has experienced steady growth in recent years. MCHI is expected to benefit from this trend, especially considering the increasing interest from international investors in accessing China's domestic market.
Liquidity:
- Average Trading Volume: 1.34 million shares per day
- Bid-Ask Spread: 0.02%
Market Dynamics:
- Economic growth in China: China's economic growth and stability significantly impact the A-share market.
- Government policies: Regulatory changes and government initiatives can significantly influence the market dynamics.
- Global market sentiment: International investor sentiment towards emerging markets and China specifically affects the A-share market.
Competitors:
- iShares China A50 ETF (A50)
- Xtrackers Harvest CSI 300 China A Share ETF (ASHR)
Expense Ratio:
0.70%
Investment Approach and Strategy:
- Index tracking: MCHI passively tracks the FTSE China A50 Index.
- Composition: The ETF invests primarily in A-shares of large-cap companies across various sectors of the Chinese economy.
Key Points:
- Direct exposure to China's A-share market: Provides access to a large and growing market.
- First-mover advantage: Established presence in the A-share ETF space.
- Experienced management: Expertise in China-focused investments.
Risks:
- Market volatility: The A-share market can be volatile, leading to significant price fluctuations.
- Currency risk: Fluctuations in the Chinese Yuan can affect the ETF's value.
- Political and economic risks: China's political and economic environment can significantly impact the market.
Who Should Consider Investing:
- Investors seeking exposure to the Chinese A-share market
- Investors with a long-term investment horizon
- Investors tolerant of high volatility
Fundamental Rating Based on AI: 8/10
MCHI exhibits strong fundamentals based on AI analysis. Factors contributing to this rating include:
- Solid financial performance: Positive returns and outperformance compared to the benchmark.
- Experienced management: Strong track record and expertise in the Chinese market.
- Growing market: Potential for continued growth in the A-share market.
However, the high volatility and political/economic risks associated with the Chinese market warrant cautious consideration.
Resources and Disclaimers:
- MCHI Fact Sheet: https://www.paceretf.com/products/mchi/
- FTSE China A50 Index: https://www.ftserussell.com/products/indices/fta50
- CSOP Asset Management: https://www.csopasset.com/en/
- Pacer Financial: https://www.paceretf.com/
This analysis should not be considered financial advice. Please consult with a qualified financial professional before making investment decisions.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Pacer CSOP FTSE China A50 ETF
The fund employs a "passive management" investment approach designed to track the total return performance, before fees and expenses, of the index. The index is comprised of A-Shares issued by the 50 largest companies in the China A-Shares market. At least 80% of the fund"s total assets will be invested in the component securities of the index. The fund may invest the remainder of its assets in investments that are not included in the index, but which the Sub-Adviser believes will help it track the index.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.