China Southern CSI SWS Non-Ferrous Metal ETF Earns B Grade in April Mutual Fund Rating

Strategic Insights -

China's China Southern CSI SWS Non-Ferrous Metal ETF received a B grade in the April Mutual Fund Rating, a monthly rating system that assesses and grades open-ended equity funds listed in China. This rating is based on four major metrics, including net asset value (NAV) return, risk analysis, fund manager performance, and overall portfolio management. The fund manager received a B rating, indicating a general ability to select good-returning stocks, but a C performance scorecard, suggesting returns in line with average performers. The fund's risk control and resiliency against market volatilities also require improvement.

Key Takeaways:

  • The China Southern CSI SWS Non-Ferrous Metal ETF received a B grade in the April Mutual Fund Rating, out of 4,327 open-ended equity funds listed in China.
  • The fund manager received a B rating, indicating a general ability to select good-returning stocks.
  • The fund's previous quarter portfolio management received a "Medium" rating, while its risk control and resiliency against market volatilities require improvement.
  • The fund's C performance scorecard suggests returns in line with average performers.
  • The risk analysis section shows that 24% of the rated funds fell into the same category as the China Southern CSI SWS Non-Ferrous Metal ETF.
  • The fund's ability to perform relatively stably may result in higher returns, but also exposes it to higher risk.

Statistics:

  • 24% of the 4,327 equity funds rated by China Knowledge fell into the same category as the China Southern CSI SWS Non-Ferrous Metal ETF.
  • The fund manager's performance scorecard is C, indicating returns in line with average performers.
  • The fund's previous quarter portfolio management received a "Medium" rating.

Sources:

1. China Knowledge, May 14, 2021: "B for April Mutual Fund Rating of China Southern CSI SWS Non-Ferrous Metal ETF"

2. China Knowledge, May 14, 2021: "ESG Rating, Foreign Investors Rating (FIR), and Trading Risk Analysis (TRA) for China Southern CSI SWS Non-Ferrous Metal ETF"