China Materials ETF (CHIM) Added to Family of China Sector ETFs
January 14 2010 - 9:06AM
PR Newswire (US)
NEW YORK, Jan. 14 /PRNewswire/ -- New York-based asset manager
Global X Management Company today launched the Global X China
Materials ETF (NYSE Arca: CHIM), the first ETF offering targeted
access to the China Materials sector. CHIM is the latest addition
to the comprehensive family of China sector ETFs offered by Global
X Funds. The Global X China Materials ETF seeks to replicate the
S-BOX China Materials Index, which is designed to reflect the
performance of the materials sector in China. As of December 30,
2009, the Metals & Mining sector represents 66% of the index
and Chemicals 34%. The largest index components were Aluminum
Corporation of China, Angang Steel, Fufeng Group and Shougang
Concord International. China is the world's largest consumer of
copper, zinc, tin, aluminum, lead, platinum, steel, iron ore,
fertilizer and many other materials. China is also the world's top
producer of steel, aluminum, zinc, tin, fertilizer and other
materials, including 95% of the world's rare earths, used in a
variety of applications, especially in the high technology area.
"China is a large producer and the world's largest consumer of
materials, and its hunger for resources will continue to grow as it
builds more cars, railroads and high rises," said Bruno del Ama,
CEO of Global X Management. "China's GDP is expected to expand 9.4%
in 2010, after growing 8.5% in 2009, according to the median
estimate of economists surveyed by Bloomberg. The country's
economic upswing will help drive demand for materials in 2010 and
beyond." The China Materials ETF is the latest launch in the family
of China sector ETFs offered by Global X Funds, joining the China
Consumer ETF (CHIQ), China Energy ETF (CHIE), China Financials ETF
(CHIX), China Industrials ETF (CHII), and China Technology ETF
(CHIB), all trading on the NYSE Arca. All funds have a 0.65%
expense ratio. About Global X Management Company LLC Global X
Management Company, LLC, a New York-based asset manager, serves as
the investment adviser to Global X Funds. The firm, registered as
an investment adviser with the Securities and Exchange Commission,
specializes in innovative international ETFs. For more information,
visit http://www.globalxfunds.com/. Disclosures: Investing involves
risk, including the possible loss of principal. International
investing may involve risk of capital loss from unfavorable
fluctuations in currency values, from differences in generally
accepted accounting principles, or from economic or political
instability in other nations. Securities focusing on a single
country and narrowly focused investments may be subject to higher
volatility. Structured Solutions AG Indexes have been licensed for
use by Global X Management Company, LLC. Global X Funds are not
sponsored, endorsed, issued, sold, or promoted by Structured
Solutions AG, nor does this company make any representations
regarding the advisability of investing in the Global X Funds.
Carefully consider the Funds' investment objectives, risk factors,
charges, and expenses before investing. This and additional
information can be found in the Funds' prospectus, which may be
obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by
visiting http://www.globalxfunds.com/. Read the prospectus
carefully before investing. Global X Management Company, LLC serves
as an advisor to the Global X Funds. The Funds are distributed by
SEI Investments Distribution Co., which is not affiliated with
Global X Management Company or any of its affiliates. Sources:
Information Office of the State Council of China; Index data:
Structured Solutions AG. DATASOURCE: Global X Management Company
CONTACT: Bruno del Ama, Global X Management Company,
+1-212-644-6440, Web Site: http://www.globalxfunds.com/
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