Changes Coming For Global X China Tech ETF
Less than three weeks shy of its second birthday, the Global X China ETF (NYSE: CHIB) is changing things up a bit. Global X is changing the name of the ETF to the Global X NASDAQ China Technology ETF and moving the ETF to the Nasdaq from the NYSE.
The ETF's new Nasdaq ticker will be “QQQC.” The Global X NASDAQ China Technology ETF will track the NASDAQ OMX China Technology Index rather than the Solactive China Technology Index, which the ETF currently tracks. Both indexes are float adjusted modified market-capitalization.
Global X said the changes are expected to take place on or around Dec. 15.
“We are pleased to be pairing with NASDAQ OMX, a recognized leader in the development of technology indexes, to reintroduce this product into the market,” said Bruno del Ama, CEO of Global X Funds.
CHIB currently has $4.4 million in assets under management. Top-10 holdings include Baidu (Nasdaq: BIDU), China Mobile (NYSE: CHL), Netease (Nasdaq: NTES), Ctrip.com (Nasdaq: CTRP) and China Unicom (NYSE: CHU).
