Alex Ulam

Features and News

iShares Plans New Commodities ETF

iShares plans jump into world of contango-killing commodities ETFs.

Features and News

Direxion Launches ‘Insider Sentiment’ ETFs

Direxion begins rollout of smart beta ETFs, with two funds focused on insider sentiment.

Features and News

Vanguard’s BND Overtakes iShares’ AGG

It’s VWO vs. EEM all over again, as BND overtakes AGG as the biggest U.S. aggregate bond fund.

Features and News

Global X Launches 2 Broad Nasdaq ETFs

Global X’s move toward more Nasdaq-based ETFs takes shape with launch of two funds.

Features and News

Deutsche Rolls Out Inflation-Sensitive ETNs

The PowerShares-Deutsche partnership serves up first-to-market tools for coping with inflation or deflation.

Features and News

Arnott’s Research Affiliates Sues WisdomTree

ETF fight night is here, as Arnott sues WisdomTree for patent infringement related to his fundamental indexes.

Features and News

Van Eck Acquires Market Vectors Indexes

Is Van Eck’s indexing deal another sign that self-owned indexes are the future of the ETF industry?

Features and News

Legg Mason’s First ETF To Be A MINT Clone

The long wait is over, as Legg Mason sets plans for its first ETF, a MINT look-alike.

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)