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Great Wall of China

China Energy ETF starts trading on NYSE Arca


New York-based asset manager Global X Management has launched the Global X China Energy ETF, the first exchange-traded fund offering targeted access to the China energy sector.

It is the latest addition to the family of China sector ETFs offered by Global X Funds.

The Global X China Energy ETF seeks to replicate the S-BOX China Energy Index, which is designed to reflect the performance of the energy sector in China.

As of 30 November 2009, the oil and gas sector represents 42 per cent of the index, alternative energy 23 per cent, coal 15 per cent, electric 14 per cent and energy equipment and services five per cent. The largest index components were PetroChina, CNOOC, China Shenhua Energy and China Petroleum & Chemical.

China is expected to become the world’s biggest energy consumer by 2010, according to the International Energy Agency, with energy use expected to more than double from 2005 to 2030.

"With the rapid expansion of China’s middle class, its energy consumption will necessarily mount. The China Energy ETF affords investors efficient access to this growth while tapping into China’s increasing leadership in alternative energy," says Bruno del Ama, chief executive of Global X Management.

The fund joins the China Consumer ETF, China Financials ETF, China Industrials ETF and China Technology ETF, all trading on the NYSE Arca. The upcoming China Materials ETF is not yet available for purchase. All funds have a 0.65 per cent expense ratio.

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