New York-based Global X Funds, the issuer behind the first U.S.-listed ETFs offering exposure to Colombia and the Nordic region, announced the launch of two new funds focusing on China on Tuesday. The Global X China Industrials ETF (CHII) and China Consumer ETF (CHIQ) are the first funds to offer sector-specific exposure within the China market. CHIQ will seek to replicate the performance of the S-BOX China Consumer Index, a benchmark that measures the performance of the consumer sector in China. As of October 30, the largest companies in the index included food and beverage companies Tingyi and Want Want China, automobile company Dongfeng Motor Group, department store firm Parkson Retail Group, and sports apparel company Li Ning. [click to continue…]
{ Comments on this entry are closed }
