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Global X Adds Financials To Its China Sector ETFs
December 11, 2009 9:07 am
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Global X added Friday to its lineup of China sector-specific exchange-traded funds by launching a play on China's financial sector. The Global X China Financials ETF (NYSEArca: CHIX) joins Global X's previous November launches: the Global X China Consumer ETF (NYSEArca: CHIQ) and Global X China Industrials ETF (NYSEArca: CHII). All together, these ETFs are the first U.S.-listed ETFs to provide investors with narrow, sector-specific exposure to China. CHIX will track the S-BOX China Financials Index, which invests in financial companies that are either headquartered in or have their main business in China. Only securities that are tradable by foreign investors without restrictions are included in the portfolio. There are currently 25 names in the index. Companies like China Life Insurance and Industrial and Commercial Bank of China hold the most weight in the index with just over 10 percent each. Nearly 45 percent of CHIX's portfolio is dedicated to banks, followed by 31 percent allocated to real estate companies and some 24 percent to insurance. CHIX comes with an expense ratio of 65 basis points. Global X is planning to launch an entire family of China-sector ETFs. You can read about Global X CHIQ and CHII funds here.
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Summing Sector SPDRS = SPY?
You’d think owning the nine sector SPDRs in proportion to their weightings in the S&P 500 is a way to recreate SPY. But you’d be wrong.Round Two: Pimco Vs. BlackRock
It looks like Pimco and BlackRock are at odds again—this time it’s over QE3.
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Socializing About The Social Media ETF
Paul Baiocchi joins Dave Nadig to talk about where theme funds go astray, and why SOCL might just be the exception.
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