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I've been unhappy with performance since buying in Sept'20. Trying to research why the decline in February'21. Nothing in VanEck's updates. The ETF mirrors "CSI MarketGrader China New Economy Index". MarketGrader is a research company that grades company's from differing industries into a score then uses that score to rebalance the index semi-annually. If a company becomes overvalued it may be removed on rebalancing. 30 company's from 4 sectors, healthcare, consumer staples, consumer discretionary & technology making up 120 companies index. See https://www.marketgrader.com/indexes/literature/CSI_MG_China_New_Economy. I guess we need to wait to see the June'21 rebalance notes.
Interesting reading.
