Global X MSCI China Materials ETF (CHIM)
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Global X MSCI China Materials ETF (CHIM) FAQ
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Global X MSCI China Materials ETF Profile
| Capital Markets Industry | Financials Sector | - CEO | ARCA Exchange | 37950E242 CUSIP |
| US Country | - Employees | - Last Dividend | 16 May 2013 Last Split | - IPO Date |
Overview
The fund is a financial investment tool that primarily focuses on allocating a significant portion of its assets, specifically at least 80%, towards the securities which are part of the underlying index. Additionally, the investment strategy incorporates investment in American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs) that are based on the securities present in the underlying index. The underlying index in question is designed to monitor the performance of companies listed on the MSCI China Index that fall within the materials sector. This categorization is determined according to the definitions set by the index provider. Notably, the fund adopts a non-diversified approach in its investment strategy, indicating a concentration of investments rather than spreading them across a broad spectrum of assets or sectors.
Products and Services
- Securities of the Underlying Index
These are the core components of the fund's portfolio, representing a direct investment in the financial instruments that constitute the underlying index. By allocating at least 80% of its total assets in these securities, the fund seeks to mirror the performance and yield of the index it tracks, which in this context is the segment of the MSCI China Index related to the materials sector. This includes a wide range of companies within this sector, providing exposure to its performance.
- American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs)
ADRs and GDRs offer the fund an opportunity to invest in foreign companies' stocks, facilitating global exposure while doing so through instruments traded on U.S. and global exchanges, respectively. These instruments are based on the securities present in the underlying index, providing a pathway to achieve diversification in terms of geographic exposure, specifically within the Chinese market as outlined by the MSCI China Index's materials sector. This strategy enables investors to participate indirectly in foreign markets without the complications often associated with direct investments in foreign stocks.
