Global X To Begin Trading The Global X China Materials ETF (CHIM) This Thursday January 14th
Global X will begin trading the Global X China Materials ETF (CHIM) this Thursday. The Global X China Materials ETF seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the S-BOX China Materials Index (the “Underlying Index”). 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 Materials 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 Materials companies as companies that are included in the S-BOX China Materials Index at the time of purchase and generally includes companies whose businesses involve: chemicals; metals and mining; and forestry and paper products. As of October 30, 2009, the Underlying Index’s three largest stocks were Aluminum Corporation Of China Limited, Zijin Mining Group and Jiangxi Copper Company Limited.
For the full prospectus click: HERE
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