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Global X Launches China Energy, Tech ETFs
December 16, 2009 6:24 am
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Global X Management expanded its play on China sectors with the launch today of its energy fund. The Global X China Energy ETF (NYSEArca: CHIE) is the first ETF to provide investors with targeted exposure to companies operating in the energy sector in China. CHIE will track the S-Box China Energy Index.
In terms of individual securities, top holdings included PetroChina, CNOOC, China Shenhua Energy and China Petroleum & Chemical in a portfolio comprising 24 names. The Chinese energy sector is expected to directly benefit from China’s growing consumer class, but also from growing production efforts. Global X’s growing lineup of China sector ETFs is the first of its kind available to U.S. investors. CHIE comes on the heels of last week’s launch of Global X’s China Technology ETF (NYSEArca: CHIB). CHIB tracks the S-Box China Technology Index, which invests heavily in Internet companies. All together, the basket comprises 26 securities.
Global X’s other China-sector ETFs include the China Consumer ETF (NYSEArca: CHIQ), China Financials ETF (NYSEArca: CHIX), and China Industrials ETF (NYSEArca: CHII). The China Materials ETF (NYSEArca: CHIM) has not been launched yet. All funds come with an expense ratio of 65 basis points. You can read additional coverage here.
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