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Global X To Begin Trading China Energy ETF (CHIE) Wednesday December 16th

December 14th, 2009

chinaenergyGlobal X will begin trading its China Energy ETF (CHIE) Wednesday December 16th. The Global X China Energy ETF will seek to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S-BOX China Energy Index.

Principal Investment Strategy
The Underlying Index is a free float adjusted, liquidity tested and market capitalization-weighted index that is designed to measure performance of the investable universe of companies in the Energy sector of the Chinese economy, as defined by Structured Solutions AG. Structured Solutions AG does not guarantee the inclusion of all relevant securities in the Underlying Index. Only shares open to foreign ownership are eligible for inclusion in the Underlying Index, such as Hong Kong listed securities incorporated in main land China (H-shares) or with main business operations in China (Red chips), and Chinese ADRs and GDRs.

The Fund defines Energy companies as companies that are included in the S-BOX China Energy Index at the time of purchase and generally includes companies whose businesses involve: oil, gas, consumable fuels, alternative energy and electricity production and distribution; and energy equipment and services. As of October 30, 2009, the Underlying Index’s three largest stocks were PetroChina, CNOOC LTD and China Shenhua Energy.

Fees and Expenses

This table describes the fees and expenses that you may pay if you buy and hold Shares of the Fund. You will also incur usual and customary brokerage commission when buying and selling Shares.

Shareholder Fees   
(fees paid directly from your investment, but see the Creation Unit Transactions Fees and Redemption Transaction Fees below)
None
Annual Fund Operating Expenses 
(expenses that are deducted from Fund assets)1
Management Fee:2
0.65%
Distribution and/or service (12b-1) fees:3
None
Other Expenses:4
None
Total Annual Fund Operating Expenses:
0.65%

For the full prospectus click: HERE

 

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NYSE:CHIE


 

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