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Emerging Global Shares launches China infrastructure ETF


Emerging Global Shares has launched the China Infrastructure Index Exchange-Traded Fund, the first ETF focused solely on the infrastructure sector in China.

The fund invests in 30 of the largest publicly traded companies dedicated to the infrastructure industry in that country, and is designed to track the performance of the INDXX China Infrastructure Index.

“China has made enormous progress in their infrastructure development, but the country still has literally decades of infrastructure build-outs and ongoing maintenance ahead of them to keep pace with their economic and population expansion,” says Robert Holderith, president and chief executive of EG Shares. “That, combined with research which shows that emerging markets should provide about 80 per cent of the entire world’s growth over the next ten years, makes the China Infrastructure ETF launch timely.”

The China Infrastructure Index has an average market capitalization of USD8.3bn and the fund charges a net expense ratio of 0.85 per cent (gross expense ratio: 1.10 per cent).

The top five industry weightings of the index are real estate management and development (22.75 per cent), metals and mining (15.22 per cent) construction and engineering (14.93 per cent), electrical equipment (11.70 per cent) and construction materials (9.37 per cent).

The fund is the fifth ETF to be introduced by Emerging Global Shares.

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