Features and News

China & Tech ETFs Worst Performers Of April

Last month was not kind to some high-flyers from 2013, including solar.

Features and News

Top 10 ETF Performers YTD

TAN leads performance by a landslide year-to-date, but the nine other funds that follow are impressive in their own right.

Features and News

China Tech Funds CQQQ & QQQC Surge

Alibaba’s upcoming IPO gives an added boost to the country’s tech ETFs.

Features and News

Belden: Time To Revisit Index Providers

Guggenheim’s ETF chief says index firms need to provide more than brand name.

Features and News

Guggenheim To Shut RMB, Its Yuan Bond ETF

The firm’s yuan-denominated bond ETF gets pruned after withering on the vine.

Features and News

Global X China Tech ETF Gets Nasdaq Index

Global X, the New York-based provider of exchange traded funds, today announced that it is changing the index, name, ticker and primary listing exchange of the Global X China Technology ETF (NYSEArca: CHIB).

With the impending changes to its fund, which will take effect sometime around Dec. 15, CHIB will be moving from a Solactive China Technology Index to the Nasdaq OMX China Technology Index, the company said in a press release. The ticker for its China Technology fund will be changing from (NYSEArca: CHIB) to (NasdaqGM: QQQC).

This is a fund that looks like it needs a shot in the arm. China’s technology sector has boomed in recent years with the growth of companies such as China Mobile, the world’s largest mobile phone operator. However, two years after the launch of the Global X China Technology ETF, the ETF only had $4.3 million in assets, according to data compiled by IndexUniverse.

Perhaps by changing the underlying index for the China Technology ETF, the fund will get that needed boost. By switching to the Nasdaq index, Global X is also enlarging the underlying number of securities for the fund to 42 from 28.

Building out the Global X China Technology ETF’s market penetration may also position Global X to better compete with its only rival in the China technology sector, the Guggenheim China Technology Fund (NYSEArca: CQQQ), which has $25.3 million under management and has about 40 securities.

The changes in the Global X China ETF come at a time when the company has filed paperwork suggesting it is close to launching a broad-based trio of ETFs with Nasdaq indexes. The proposed ETFs happen to have similar tickers to the new trading symbol “QQQC” that Global X chose for its China technology ETF.

Those funds that are near launch, and their tickers, are:

  • Global X NASDAQ 500 ETF (NasdaqGM: QQQV)
  • Global X NASDAQ 400 Mid Cap ETF (NasdaqGM: QQQM)
  • Global X NASDAQ 100 Global Technology Index ETF (NasdaqGM: QQQT)

Features and News

iShares Plans Multicountry Asian Tech ETF

iShares lays the groundwork for a first-to-market pan-Asia technology ETF.