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Typical iterations of China sector exchange traded funds predominantly focused on Internet and technology stocks, but Global X has long offered sector ETFs targeting China's energy, financial services and industrial groups, among others.
The New York-based ETF issuer added to its China sector lineup in a big way Tuesday with the debuts of six funds.
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What Happened
Global X now offers 11 China sector ETFs, each of which tracks an index from MSCI. Among the new ETFs are the the Global X MSCI Consumer Staples ETF (NYSE:CHIS) and the Global X MSCI China Health Care ETF (NYSE:CHIH).
CHIH enters a growing arena of China-specific health care ETFs and is the third such fund to come to market this year. The new ETF tracks the MSCI China Health Care 10/50 Index. Home to 35 stocks, CHIH allocates nearly three-quarters of its weight to pharmaceuticals companies and health care providers.
CHIS, the new China consumer staples ETF, follows the MSCI China Consumer Staples 10/50 Index and holds 24 stocks. China's consumer staples is not as expansive as the same sector in the U.S. as highlighted by just four industry groups being represented in the new CHIS.
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Global X, which already had a fund representing China technology and Internet stocks, also unveiled the Global X MSCI China Information Technology ETF (NYSE:CHIK), which tracks the MSCI China Information Technology 10/50 Index. That new ETF holds 34 stocks, over half of which are makers of electrical components or semiconductors.
The Global X MSCI China Communication Services ETF (NYSE:CHIC) is the first China-specific fund for that sector. Communication services officially debuted in the U.S. in September with the first domestic ETF dedicated to the sector launching last June. Software and hardware companies combine for about 85 percent of that new ETF's roster.
What's Next
Global X's new China sector ETFs span groups that, in the U.S., are usually viewed as conservative. The Global X MSCI China Real Estate ETF (NYSE:CHIR) and the Global X MSCI China Utilities ETF (NYSE:CHIU) round out Global X's new offerings.
Each of the new ETFs carries annual fees of 0.65 percent, or $65 on a $10,000 investment.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.