China Investment Corp. Holds Stakes In 3 Other U.S. ETFs

Posted on 02/09/10 at 5:07pm by The ETF Professor

Last night, the ETF Professor brought you news of China Investment Corp.'s positions in the U.S. Oil Fund (NYSE: USO) and the SPDR Gold Shares (NYSE: GLD), two of the most heavily traded ETFs listed on U.S. exchanges.

China Investment, the country's $300 billion sovereign wealth fund, is now the fourth-largest shareholder in USO, but USO and GLD aren't the only ETFs China Investment owns sizeable chunks of.

According to filings with the SEC, China Investment also holds 2.51 million shares of the Market Vectors Gold Miners ETF (NYSE: GDX), nearly 4.1 million shares of the iShares S&P Global Materials ETF (NYSE: MXI) and 2.95 million shares of the iShares S&P Global Energy ETF.

All of these ETFs have had rocky starts to 2010, but it is worth noting that China probably knows it is the driving force behind global commodities demand and it would not hold these ETFs if they weren't going to increase in value. Make of that what you will.