NEW YORK, Dec. 11, 2018 /PRNewswire/ -- Global X
Funds, the New York-based provider
of exchange-traded funds (ETFs), today announced the launch of six
China-focused ETFs, including five
China Sector ETFs and one large-cap ETF.
The sector launches will join Global X's existing suite of six
China Sector ETFs, resulting in a full offering that corresponds
with each of the eleven major economic sectors identified by the
Global Industry Classification Standard (GICS®). The suite will
offer investors the first way to comprehensively access and
evaluate the country's sectors in the liquid and transparent US ETF
structure. The five sector funds launching today are:
- The Global X MSCI China Consumer Staples ETF
(CHIS)
- The Global X MSCI China Health Care ETF
(CHIH)
- The Global X MSCI China Information Technology ETF
(CHIK)
- The Global X MSCI China Real Estate ETF
(CHIR)
- The Global X MSCI China Utilities ETF
(CHIU)
Global X is also launching the Global X
MSCI China Large-Cap 50 ETF (CHIL), which targets the 50 largest securities in
China by market capitalization. In
doing so, the fund is designed to provide efficient access to many
of the most influential companies in China, across a variety of listing venues and
share classes.
Each of these funds track MSCI indexes that consider China A, B
and H shares, Red chips, P chips and foreign listings. China A
shares are listed on domestic exchanges in China and currently boast a combined market
capitalization of over $6 trillion. A
shares were first added to MSCI's Indexes, including China, Emerging Markets, and All Country
World, in May 2018. The inclusion of
this share class greatly expands the opportunity set of investible
Chinese companies, which had previously been largely limited to
shares listed in Hong Kong and on
foreign exchanges.
"As the world's most populous nation and second largest economy
continues to expand, investors will need tools for accessing
specific segments of its markets," said Jay
Jacobs, SVP, Head of Research and Strategy at Global X.
"Until recently, investors primarily gained access to China through emerging market funds or
single-country funds that paint with a broad brush and often miss
or underweight attractive segments of the market. Given
China's size and growth, we're
thrilled to offer investors a comprehensive suite of tools that
they can utilize for more specific exposures to China's complex and dynamic market."
Prior to today, Global X's existing China Sector ETFs, which
launched over 8 years ago, underwent recent index changes to track
MSCI indexes. These funds include:
- The Global X MSCI China Communication Services ETF (CHIC)
- The Global X MSCI China Consumer Discretionary ETF (CHIQ)
- The Global X MSCI China Energy ETF (CHIE)
- The Global X MSCI China Financials ETF (CHIX)
- The Global X MSCI China Industrials ETF (CHII)
- The Global X MSCI China Materials ETF (CHIM)
"We are pleased Global X selected MSCI indexes to bring a full
suite of China sector ETFs to the
market," said Chin-Ping Chia,
Managing Director and Head of Research for Asia at MSCI. "The MSCI China sector indexes
are designed to measure the full opportunity set of the 11 economic
sectors in China. As China's equity market evolves, we anticipate
there may be expanded opportunities emerging through these
sectors."
Global X's suite of China Sector ETFs now totals 11 funds, and
the broader family of International Access totals 21 ETFs.
ABOUT GLOBAL X
Seeking to provide access to
high-quality and cost-efficient investment solutions, Global X is a
New York-based sponsor of
exchange-traded funds (ETFs). Founded in 2008, Global X is
distinguished by its Thematic Growth, Income and International
ETFs. Global X is recognized as a leader in providing intelligent
investment solutions for its shareholders.
Shares of ETFs are bought and sold at market price (not NAV) and
are not individually redeemed from the Fund. Brokerage commissions
will reduce returns.
Carefully consider the funds' investment objectives,
risks, and charges and expenses. This and other information can be
found in the fund's prospectus which may be obtained at
globalxfunds.com. Please read the prospectus carefully before
investing.
Global X Management Company LLC serves as an advisor to Global X
Funds. The Funds are distributed by SEI Investments Distribution
Co. (SIDCO), which is not affiliated with Global X Management
Company LLC. Global X Funds are not sponsored, endorsed, issued,
sold or promoted by Solactive AG, FTSE, Standard & Poors,
NASDAQ, Indxx, or MSCI nor do these companies make any
representations regarding the advisability of investing in the
Global X Funds. Neither SIDCO nor Global X is affiliated with
Solactive AG, FTSE, Standard & Poors, NASDAQ, Indxx, or
MSCI.
Investing involves risk, including the possible loss of
principal. International investments may involve risk of capital
loss from unfavorable fluctuation in currency values, from
differences in generally accepted accounting principles, or from
economic or political instability in other nations. Emerging
markets involve heightened risks related to the same factors as
well as increased volatility and lower trading volume. Securities
focusing on a single country and narrowly focused investments may
be subject to higher volatility. The Global X China Funds are
non-diversified.
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SOURCE Global X Funds
