MSCI China Real Estate ETF

Reasons to Consider CHIR

Targeted Exposure

CHIR is a targeted play on the Real Estate Sector in China – the world's second largest economy by GDP.

ETF Efficiency

In a single trade, CHIR delivers access to dozens of real estate companies within the MSCI China Index, providing investors an efficient vehicle to express a sector view on China.

All Share Exposure

The Index incorporates all eligible securities as per MSCI’s Global Investable Market Index Methodology, including China A, B and H shares, Red chips, P chips and foreign listings, among others.

Key Information As of 12/05/23

Inception Date 12/07/18
Total Expense Ratio 0.66%
Net Assets $6.34 million
NAV $14.10
Fact Sheet View the document

ETF Summary

The Global X MSCI China Real Estate ETF (CHIR) seeks to invest in large- and mid-capitalization segments of the MSCI China Index that are classified in the Real Estate Sector as per the Global Industry Classification System (GICS).

ETF Objective

The Global X MSCI China Real Estate ETF (CHIR) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Real Estate 10/50 Index.

Trading Details As of 12/04/23

Ticker CHIR
Bloomberg Index Ticker NU721936
CUSIP 37960A685
ISIN US37960A6854
Primary Exchange NYSE Arca
Shares Outstanding 449,879
Number of Holdings 24
30-Day Median Bid-Ask Spread 1.76%

Distributions As of 12/05/23

30-Day SEC Yield 3.51%
Distribution Frequency Semi-Annually

ETF Prices As of 12/05/23

NAV $14.10 Daily Change -$0.41 -2.83%
Market Price $14.10 Daily Change -$0.38 -2.62%

Performance History

As of recent
As of recent
Fund NAV Market Price Index
1 Year -18.53% -19.00% -17.79%
3 Years -28.36% -28.80% -28.78%
Since Inception -15.93% -16.10% -16.02%
1 Year -32.99% -33.56% -32.38%
3 Years -31.24% -31.26% -31.61%
Since Inception -16.82% -16.83% -16.89%
Year-to-Date -24.01% -24.01% -23.54%
1 Month -6.24% -8.95% -6.17%
3 Months -7.94% -8.27% -7.63%
Since Inception -56.63% -57.07% -56.87%
Year-to-Date -30.01% -29.35% -29.48%
1 Month 3.60% 3.82% 3.70%
3 Months -13.63% -15.35% -13.45%
Since Inception -60.05% -60.09% -60.22%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 12/05/23

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
9.22 BEKE KE HOLDINGS INC-ADR BMBX7M2 15.31 38,207 584,949.17
9.01 960 HK LONGFOR GROUP HO B56KLY9 1.64 347,500 571,595.76
8.49 688 HK CHINA OVERSEAS 6192150 1.74 309,500 538,384.79
8.27 1109 HK CHINA RESOURCES LAND LTD 6193766 3.45 151,800 524,238.32
5.63 2202 HK CHINA VANKE CO LTD-H BN320P8 0.93 382,300 356,960.68
5.07 2007 HK COUNTRY GARDEN B1VKYN6 0.10 3,068,800 321,866.41
4.57 3900 HK GREENTOWN CHINA HOLDINGS B17N9P6 0.99 292,200 289,651.07
4.35 6098 HK COUNTRY GARDEN S BDQZP48 0.86 321,100 275,996.01
4.31 001979 C2 CHINA MERCHANT-A BD5CPM8 1.34 203,600 273,477.47
4.19 123 HK YUEXIU PROPERTY CO LTD BNR5PB4 0.86 310,126 265,770.15
4.14 600048 C1 POLY DEVELOPME-A BP3R336 1.35 194,653 262,546.93
4.08 1908 HK C&D INTERNATIONA BZBY9R5 1.92 134,400 258,547.49
3.38 600515 C1 HAINAN AIRPORT I BK4PYQ4 0.57 376,500 214,483.49
3.23 000002 C2 CHINA VANKE CO LTD -A BD5CPW8 1.51 136,100 205,044.58
2.90 600177 C1 YOUNGOR GROUP CO-A BP3R6R1 0.93 197,200 183,654.45
2.78 600895 C1 SHANG ZHANGJIA-A BP3R927 3.04 58,000 176,058.20
2.76 601155 C1 SEAZEN HOLDINGS CO LTD-A BZ3F6M0 1.67 104,800 175,009.32
2.72 600606 C1 GREENLAND HOLD-A BZ3F5X4 0.33 522,600 172,206.73
2.64 000069 C2 SHENZHEN OVERS-A BD5CP51 0.46 364,800 167,578.94
2.61 600848 C1 SHANGHAI LINGA-A BK947Q7 1.49 111,200 165,512.47
2.41 002244 C2 HANGZHOU BINJ-A BD5CHG6 1.06 144,500 152,531.08
2.29 600383 C1 GEMDALE CORP-A BP3R3Q9 0.69 209,700 145,520.28
0.39 2669 HK CHINA OVERSEAS P BYYMZN7 0.77 31,800 24,404.59
0.37 1209 HK CHINA RESOURCES BMXWXT6 3.45 6,750 23,267.82
0.28 CASH 1.00 17,775 17,774.92
0.00 CHINESE YUAN RENMINBI 0.14 612 85.45
-0.07 OTHER PAYABLE & RECEIVABLES 1.00 -4,185 -4,184.73
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 11/30/23

Industry Weight (%)
Real Estate Development 86.7
Internet Software/Services 10.1
Apparel/Footwear 3.2

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 12/04/23

Return on Equity 4.20%
Weighted Avg. Market Cap 10,809 M
2022 2023
Price-to-earnings 8.96 11.25
Price-to-book value 0.47 0.47

Source: new windowAltaVista Research, LLC

ETF Risk Stats As of 11/30/23

Versus Beta
S&P 500 -1.27
NASDAQ-100 -1.32
MSCI Emg. Mkts 1.61
Standard Deviation 118.20%

Source: new windowAltaVista Research, LLC

ETF Research

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Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country and narrowly focused investments may be subject to higher volatility. Real estate is highly sensitive to economic conditions and developments, and characterized by intense competition and periodic overbuilding. CHIR is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Since the Fund’s shares did not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.