iShares MSCI China Small-Cap ETF (ECNS)
| Assets | $105.53M |
| Expense Ratio | 0.59% |
| PE Ratio | 14.97 |
| Shares Out | 2.90M |
| Dividend (ttm) | $1.63 |
| Dividend Yield | 4.49% |
| Ex-Dividend Date | Jun 16, 2025 |
| Payout Frequency | Semi-Annual |
| Payout Ratio | 66.96% |
| Volume | 22,415 |
| Open | 36.42 |
| Previous Close | 37.03 |
| Day's Range | 36.23 - 36.50 |
| 52-Week Low | 22.91 |
| 52-Week High | 40.05 |
| Beta | 0.40 |
| Holdings | 270 |
| Inception Date | Sep 28, 2010 |
About ECNS
Fund Home PageThe iShares MSCI China Small-Cap ETF (ECNS) is an exchange-traded fund that is based on the MSCI China Small Cap index. The fund tracks an index of small-cap Chinese securities. The fund covers roughly the bottom 14% of Chinese securities by market cap. ECNS was launched on Sep 28, 2010 and is issued by BlackRock.
Top 10 Holdings
14.11% of assets| Name | Symbol | Weight |
|---|---|---|
| China Gold International Resources Corp. Ltd. | 2099 | 2.07% |
| Minth Group Limited | 0425 | 1.66% |
| Zai Lab Limited | 9688 | 1.50% |
| XD Inc. | 2400 | 1.46% |
| China Nonferrous Mining Corporation Limited | 1258 | 1.31% |
| Ubtech Robotics Corp Ltd | 9880 | 1.31% |
| China Everbright Environment Group Limited | 0257 | 1.27% |
| Ascentage Pharma Group International | 6855 | 1.25% |
| Kingboard Holdings Limited | 0148 | 1.15% |
| XtalPi Holdings Limited | 2228 | 1.13% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 16, 2025 | $0.58573 | Jun 20, 2025 |
| Dec 17, 2024 | $1.04201 | Dec 20, 2024 |
| Jun 11, 2024 | $0.48426 | Jun 17, 2024 |
| Dec 20, 2023 | $0.91217 | Dec 27, 2023 |
| Jun 7, 2023 | $0.3435 | Jun 13, 2023 |
| Dec 13, 2022 | $0.65707 | Dec 19, 2022 |
Performance
ECNS had a total return of 44.87% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.39%.
News
ECNS: Are Investors Missing The Forest For The Trees?
iShares MSCI China Small-Cap ETF is rated a Strong Buy due to resilience against U.S. tariffs and attractive dividend yield. ECNS benefits from high diversification, a stable 4.5% yield, and sector ex...
China's Flow-Driven Equity Rally May Have Further Upside
Despite mounting macro headwinds at the start of the year, Chinese equities have continued to deliver positive performance. While near-term flows can provide further upside, the durability for the equ...
Should EM Investors Trim or Retain Their China Exposure?
Getting emerging market exposure is a viable option in the current market environment. That's especially so given the global de-dollarization and prospect of further rate cuts by the Federal Reserve.
ECNS: A Flawed Product, But Some Mitigating Reasons To Consider
The iShares MSCI China Small-Cap ETF (ECNS) offers exposure to Chinese small caps but suffers from high volatility, poor tracking capabilities, and significant underperformance. ECNS's annual turnove...
MCHI: A Gateway To Chinese Equities
MCHI, with over $7B in AUM, covers around 550 Chinese stocks, most of which are giant-caps and come in varied share classes. We highlight who MCHI would be best suited for. There are some key risks as...
APAC Equities: The Sensitivity To Oil Prices
Among APAC equity markets, Australia has a higher beta to oil prices while India, Indonesia and Thailand have lower betas. Domestic political uncertainties have been one main reason for the decoupling...
Hang Seng Index: Transforming Into A Medium-Term Bearish Trend Despite Improving Services PMI From China
Sentiment remains fragile in China and Hong Kong stock market even China services activities have improved in December. Weak market breadth and a persistent bearish trend of the Chinese yuan since Nov...
China's Policy Measures: A Pivotal Week?
China's policymakers have announced a significant package of easing measures designed to lift China from a state of entrenched economic weakness. The reception from global markets has been very positi...
China's Data Dump Shows That Time Is Running Out To Achieve This Year's Growth Target
Data largely came in weaker than already cautious forecasts, and with a less supportive base effect, we will need to see a significant stimulus push to reach this year's growth target. Looking at the ...
Chinese Equities: How Investors Can Unlock The Power Of Dividends
Chinese companies are being encouraged to return cash to shareholders - and are finding good reasons to do so. Regulators are encouraging companies to focus on shareholder returns, and changing macroe...
China's Stalling Credit Market Signals an Era Of Stagnation
The latest figures published by the People's Bank of China show that credit and liquidity are stalling as demand for new loans declines. Deteriorating confidence in China's prospects explains why hous...
China's Key Growth Indicators Continue To Present A Case For Further Policy Easing
Data came in generally in line or slightly weaker than forecasts, as weak confidence continued to depress investment and consumption. New home prices fell by -0.65% MoM in July, compared to a -0.67% M...
The Chinese Economy Is In Trouble, Here Are The Warning Signs
China has been hit with two major crises as their financial and real estate sectors collapse simultaneously. Deflation, unemployment, divestiture, and lowered consumption are affecting all levels of s...
China's Credit Activity Remained Weak In July
New aggregate financing and loans both missed forecasts again in July amid high real interest rates and limited borrowing appetite. New RMB loans fell into contraction at RMB 770.8bn, lowering the yea...
China's Sluggish May Economic Data To Increase Calls For Rate Cuts
The People's Bank of China kept the one-year medium-term lending facility rate unchanged at 2.5% today, in line with market expectations. We believe that in conjunction with today's data releases and ...
China Accelerates Policy Support Rollout Amid Mixed Data
Key economic indicators are mixed in China and, in fact, were mostly weaker than expected last month. So, policymakers are now stepping up support for the property sector in particular.
China's May PMI Disappointed As Manufacturing Fell Back Into Contraction
Manufacturing sector PMI fell back into contraction amid weak orders and slowing production. Given a fairly strong positive correlation between the data, the disappointing PMI release sends a warning ...
Thinking Hard About The China Overproduction Narrative
Concerns about “overcapacity” arise primarily for goods linked to high-wage jobs, not for low-wage industries like clothing or toys. China sees its success as a result of a system that blends state co...
ECNS: Small-Cap China, A Good Cyclical Value Play
Small-cap Chinese stocks are cheap and have broken out of their downtrend, making them a potential opportunity for investors. iShares MSCI China Small-Cap ETF has struggled to keep up with other China...
PBOC Held Rates Steady In March
The PBOC held the 1-year medium-term lending facility (MLF) rate at 2.5% in March. The PBOC remains on a dovish tilt, but depreciation pressure on the RMB limits room for monetary easing in China befo...
Enter The Dragon: Parsing Lunar New Year Opportunities Among Emerging Markets
China and Hong Kong markets had a humbling 2023 with equities down more than 10%. Beijing has also begun stepping up tourism and travel promotions, granting visa-free entry to 11 countries, with Singa...
China Might Not Be A Paper Dragon In 2024
In general, Chinese stocks quoted in Hong Kong are extremely cheap, and growth prospects for China remain strong. China's total debt-to-GDP ratio is driven by corporate debt, while the central governm...
ECNS: Chinese Economic And Market Conditions Unfavorable To Small Caps
The iShares MSCI China Small-Cap ETF provides exposure to small caps in China's equity market. Weak investor sentiment, unfavorable macro conditions, and the ongoing turmoil in the Chinese real estate...
China: January 2024 CPI Inflation Fell To The Lowest Level Since 2009, Likely To Mark The Bottom
China's January CPI inflation was weaker than forecast at -0.8% YoY, which marks the lowest level since September 2009. We expect this to mark the bottom of the current cycle.
China Begins Year Of The Dragon With Weak Economic Momentum
The Chinese economy is stabilising, but the only fireworks will come from the new year celebrations, which begin on February 11, as momentum remains weak. China's GDP growth for the fourth quarter ros...
China Growth Could Slow Amid Limited Policy Options
While recent policy announcements and data surprises have generated some optimism, we maintain a cautious stance on China's economic prospects. We believe weak consumption trends, a downbeat labor mar...
China Outlook: Market Rescue Welcomed, But More Needed
In response to the recent China equity market rout, policymakers vowed last week to stabilize the market through more forceful measures. Despite a very positive initial market reaction (an 8% rebound ...
China Canary Warns About Global Economy And The Downside To Euphoria
Chinese stock prices have lost money in the 16 years since 2007 and are now back near 2005 levels. Chinese treasury bonds have rallied sharply as beaten-up capital capitulates out of riskier markets a...
Consider This: Is India The New China?
India's potential for economic growth lies in its young population, business-friendly reforms, and technology sectors. To unlock this potential, India needs long-term policies to address structural co...
China PMI Signals Tentative Growth Revival, Prices Edge Higher
Mainland Chinese economy shows signs of regaining growth momentum in November, with higher output, new orders, and improved business conditions. Business expectations remain below average, leading to ...
China: Momentum Waned In October
PMI data for October showed momentum in China's economy waned following recent improvements in hard activity data. By industry type, most manufacturing sectors experienced a slowdown in growth in Octo...
China: September Inflation Flirting With Disinflation Again
September's inflation data remind us that despite some firming in activity indicators recently, China's economic recovery remains challenged, and is perhaps behind recent rumours of a slightly more ac...
China Could Derail Japan's Fragile Recovery
The IMF, the World Bank, and the United Nations all rank China and Japan as the second and third largest economies on the planet. More of what is occurring in the markets should reflect what is happen...
How China Is Dodging The Doom Loop
While China's economy is still struggling, it is at least not getting incrementally worse and there are some pockets of improvement. Exports continue to decline in year-on-year terms, but the rates of...
China Focus: Are Investors Being Too Pessimistic?
As China accelerates stimulus across multiple sectors, its sluggish economy is showing early signs of recovery, boding well for the A-share market. For most of 2023, sentiment toward China's A-share m...
China's Growth Is Slowing: What Does It Mean?
While slower growth in China will impact the global economy and financial markets, we think the short-term pain is necessary to avoid bigger problems down the road. China's economy is in the early sta...
China's Property Slump Takes Center Stage
China's economic performance has been extremely disappointing since the lifting of lockdowns late last year. While diverse, much of the financial stress and deepening economic weakness can be traced b...
China Could Be A Ticking Time Bomb
China's economic troubles, including the Evergrande bankruptcy, could lead to a global credit collapse. The Chinese government is in a difficult position, trying to revive the economy while defending ...
Short Interest Climbs Higher Across The Asia Real Estate Management And Development Sector
Falling sales in Asia's real estate sector are causing short interest to increase, putting pressure on property developers. China's property industry, historically a key driver of economic growth, is ...
China Is No 1990s Japan - But It Could Have Been
Talk of deflation for China is well wide of the mark, and obsessing over historical growth rates misses the point that 5% growth is sustainable and about the right pace of growth for an economy of Chi...