UOBAM FTSE China A50 Index ETF delivers 6‑month return of 18.6% but trails 19.1% benchmark; NAV climbs to S$24.3m with 99.8% in China A‑shares
Summary:
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For the 6 months to 31 December 2025, the ETF returned 18.62% versus 19.09% for the FTSE China A50 Index; 1‑year performance was 14.79% against 16.03% for the benchmark.
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Total return for the half year was S$4.0 million, lifting net assets to S$24.3 million from S$21.6 million despite net redemptions of about S$0.69 million and cash distributions of S$0.55 million.
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The portfolio is almost fully invested in quoted equities, with 99.8% of NAV in China (plus a small Swiss ADR position), and is heavily tilted to Financials (32.6%), Information Technology (18.0%) and Consumer Staples (13.9%).
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Top holdings include Kweichow Moutai (8.6% of NAV), Contemporary Amperex Technology (8.0%) and China Merchants Bank (4.3%), reflecting the index’s focus on large‑cap A‑share financial, consumer and tech names.
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Expense ratio ticked up to 0.96% (2024: 0.93%) while portfolio turnover rose to 13.3%, with the manager flagging continued exposure to China’s tech‑ and consumption‑led themes amid elevated volatility and policy‑dependent macro conditions.