Morningstar

Matthews China Active ETF MCH

Morningstar Medalist Rating
Medalist Rating as of | See Matthews Asia Investment Hub

Morningstar’s Analysis MCH

Will MCH outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable MCH’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the MCH management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of MCH’s parent organization’s priorities and whether they’re in line with investors’ interests.

Team turnover remains an ongoing challenge.

Associate Analyst Yutong Cheng

Yutong Cheng

Associate Analyst

Summary

While long-tenured lead manager Andrew Mattock remains at the helm and provides meaningful continuity, the scale and persistence of turnover at both the strategy and firm levels have eroded confidence in the depth of research support underpinning his stock selection. Reflecting this, we downgrade the Process rating to Average from Above Average, while maintaining the People rating at Average.

by Yutong Cheng
Rated on Published on

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Portfolio Holdings MCH

More MCH Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 44.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Tencent Holdings Ltd

12.43 3M
Communication Services

Alibaba Group Holding Ltd Ordinary Shares

4.77 995,116
Consumer Cyclical

China Construction Bank Corp Class H

4.75 989,903
Financial Services

Meituan Class B

3.88 809,665
Consumer Cyclical

Ping An Insurance (Group) Co. of China Ltd Class H

3.40 709,020
Financial Services

China Life Insurance Co Ltd Class H

3.09 644,795
Financial Services

China International Capital Corp Ltd Shs -H- Unitary 144A/Reg S

2.96 617,841
Financial Services

Bank Of Ningbo Co Ltd Class A

2.95 614,202
Financial Services

Wuxi AppTec Co Ltd Class A

2.91 606,653
Healthcare

China Merchants Bank Co Ltd Class A

2.66 554,610
Financial Services

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