Global X Management Company, a New York based asset manager, has launched two ETFs tracking the consumer and industrial sectors in China.
The Global X China Consumer ETF is designed to replicate the S-Box China Consumer index. As of October 30, the largest stocks were food and beverage companies, followed by an automobile company and a department store retail group. Global X says the Chinese President Hu Jintao recently announced the government is expanding domestic spending, particularly in consumer demand. China's retail sales also increased in October by 16.2% over a one year period, according to the National Bureau of Statistics of China. Global X also highlights the incremental contribution of Chinese consumers ...
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