Global X ETFs has announced the launch of four China-related funds on London Stock Exchange: The Global X China Electric Vehicle and Battery UCITS ETF (CAUT), the Global X China Clean Energy UCITS ETF (CCLN), the Global X China Cloud Computing UCITS ETF (CCLD), and the Global X China Biotech UCITS ETF (CBI0).
The firm writes that after several years of strict “zero-Covid” measures, China’s recent economic reopening should help boost the country’s growth prospects across a diverse range of sectors. China plays an increasingly important role in areas such as cloud computing and biotechnology, and backed by strong government support, both are quickly maturing from infancy to leading global positions, the firm says.
“For example, China’s health care sector is expected to be worth USD2.4 trillion by 2030. China is also leading the way when it comes to clean technology and the shift toward renewables. The Chinese electric vehicle market is forecast to hit 10 million units per year as soon as 2025. Investors seeking strong long-term global growth prospects may consider increasing their exposure to structurally well-positioned Chinese sectors.”
“The Chinese government has shifted its investment focus toward technology and sustainability, which creates key opportunities for investors following its recent economic re-opening,” says Rob Oliver, Head of Business Development, Europe. “I am thrilled that Global X is launching these key China-related funds on London Stock Exchange, providing European investors with access to some of the country’s most promising growth sectors.”
These four funds carry an expense ratio of 0.68 per cent.
