Bringing you live news and features since 2006 

China Flag

Global X launches china technology ETF

RELATED TOPICS​

New York-based asset manager Global X Management has launched the Global X China Technology ETF, offering targeted access to the China technology sector.

The ETF seeks to replicate the S-BOX China Technology Index, which is designed to reflect the performance of the technology sector in China.

As of 30 November 2009, internet companies represent 51 per cent of the index, telecommunications 28 per cent, and hardware and software firms 20 per cent. The largest index components were internet companies Ctrip.com, Sina and Baidu, and software firm Longtop Financial Technologies.

China is the world’s largest cell phone and internet market, with over 600 million cell phone customers and over 300 million internet users. Internet users grew by 13.5 per cent over the last year.

"China is driving its efficient manufacturing and rapidly expanding consumer base into higher value, technology-based products and services," says Bruno del Ama, chief executive of Global X Management.

The fund is the latest launch in a family of China sector ETFs offered by Global X Funds, including the China Industrials ETF and China Consumer ETF trading on the NYSE Arca, as well as the upcoming China Energy ETF, China Financials ETF and China Materials ETF which are not yet available for purchase. All funds have a 0.65 per cent expense ratio.

Latest News

HSBC Asset Management’s (HSBC AM) ETF and Indexing business has passed USD100 billion in assets under management (AUM), reflecting its..
Amundi’s ETF Market Flows Analysis for April reveals that investors added EUR54.1 billion to global ETFs in April with equities..
VanEck has reached USD10 billion in assets under management in Europe for the first time in April 2024...
Global index revenues increased 9.3 per cent in 2023, totalling a record USD5.8 billion, according to a benchmark study published..

Related Articles

Dan Miller, IQ-EQ
With just over a week to go till T+1 settlement begins in North America, Canada and Mexico, time is of...
Emily Spurling, Nasdaq
Last October’s ETF Express US Awards 2023 found Nasdaq winning Best Index Provider – ESG ETFs and Best Index Provider...
Vinit Srivistava, MerQube
Index provider, MerQube, launched in 2019, with the aim of providing a “technology-driven answer to the most complex, rules-based investment...
Sean O' Hara
Pacer ETFs has announced the launch of three Cash Cows UCITS ETFs. The firm writes that this will give European...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by