Global X Funds, a New York based provider of exchange traded funds, is changing the primary listing exchange of the Global X MSCI China Communication Services ETF (CHIC).
The fund will cease trading on the Nasdaq and begin trading on the NYSE Arca exchange on 3 May, 2019. Fund shareholders are not required to take any action as a result of this announcement.
The fund will join the rest of Global X’s China sector suite, which all currently trade on the NYSE Arca. The suite includes a full offering that corresponds with each of the eleven major economic sectors identified by the Global Industry Classification Standard (GICS).
The MSCI China Communications Services ETF tracks the MSCI China Communication Services 10/50 Index, which is designed to capture the large- and mid-capitalisation segments of securities included in the MSCI China Index that are classified in the Communication Services Sector as per the Global Industry Classification Standard. It incorporates all eligible securities as per MSCI’s Global Investable Market Index Methodology, including China A, B and H shares, Red chips, P chips and foreign listings. The index is maintained by MSCI.