Six China Sector & Seven EM Country ETFs Proposed
IndexUniverse Staff (September 21st, 2009) Writes:
Global X proposes new sector funds for China, as well as seven new single-country emerging markets ETFs.
Exchange-traded fund provider Global X Funds filed a prospectus on Sept. 10 with the Securities and Exchange Commission to launch six new ETFs, which will track different sectors of the Chinese economy.
The funds are: Global X Consumer, Global X China Energy, Global X China Financials, Global X China Industrials, Global X China Materials and Global X China Technology.
The funds will be 80 percent invested in American Depositary Receipts and Global Depositary Receipts, and 20 percent invested in swaps and options contracts.
The funds will employ strategies to replicate to 95 percent accuracy the performance of the underlying FTSE-created sector-specific indexes they follow after fees and expenses, and will issue creation units in blocks of 50,000 shares. Global X did not mention what management fee would be charged for investing in the funds.
The new ETFs are
...China, Daniel Harrison;, Exchange Traded Funds, FTSE 100, Global Trends Investments;, Global X Denmark, Global X Emerging Africa, Global X Finland, Global X Funds, Global X Norway, Global X Pakistan, Global X Poland, Global X United Arab Emirates, index universe, IndexUniverse.com, Investing Lessons, Securities And Exchange Commission, senior reporter, Tom Lydon, United States


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