NEW YORK, Dec. 13, 2011 /PRNewswire/ -- Global X
Funds, the New York-based provider
of exchange- traded funds (ETFs), today re-launched the Global X
NASDAQ China Technology ETF (Ticker: QQQC) on the NASDAQ. The fund
was previously named the Global X China Technology ETF (Ticker:
CHIB).
(Logo:
http://photos.prnewswire.com/prnh/20110505/NY96572LOGO)
The Global X NASDAQ China Technology ETF tracks the NASDAQ OMX
China Technology Index, which is designed to track the performance
of the technology sector in China.
As of December 12, 2011, the three
largest components of the index were ASM Pacific Techno, Lenovo
Group, and BAIDU, INC.
QQQC is made up of securities of companies which have their main
business operations in the technology sector: computer services;
internet; software; computer hardware; electronic office equipment;
semiconductors; and telecommunications equipment. Investors in the
fund may stand to benefit from the fact that China now has more than 500 million internet
users, representing an internet penetration rate just under 40% –
significantly lower than the U.S. penetration rate of nearly 80%
and demonstrating the potential for future user growth (State
Information Office of the Internet, 2011). In addition, in Q3 of
2011, China passed the U.S. as the
largest market for smartphones in the world, with shipments just
under 24 million units – a 58% increase from the previous quarter,
according to Strategy Analytics. When it comes to online gaming,
China's online game market is
expected to reach more than 60 million users by 2013, up from 15.5
million in 2009, according to Reuters, 2010. Finally, spending on
broadband infrastructure equipment is expected to reach
$1.15 billion in 2014, up from
$925 million in 2011 and $688 million in 2010 (HIS iSuppli, 2011).
"China is driving its efficient
manufacturing and rapidly expanding consumer base into higher
value, technology-based products and services," said Bruno del Ama, CEO of Global X Management.
ABOUT GLOBAL X FUNDS
Global X Funds is a New
York-based provider of exchange-traded funds that
facilitates access to investment opportunities across the global
markets. With $1.4 billion in managed
assets and over 100,000 investors from more than 100 countries as
of October 28, 2011, Global X Funds
currently offers exchange-traded funds that target Europe, Emerging Markets, Commodity Producers,
Income Producers and Special Opportunities fund suites. For more
information, please visit www.globalxfunds.com
DISCLOSURE
Investing involves risk, including the possible loss of
principal. International investing may involve risk of capital loss
from unfavorable fluctuations in currency values, from differences
in generally accepted accounting principles, or from economic or
political instability in other nations. Emerging markets involve
heightened risks related to the same factors as well as increased
volatility and lower trading volume. Investments in Asian markets
involve risks not typically associated with investments in
securities of issuers in more developed countries that may
negatively affect the value of your investment in the Fund.
Investments in securities in the Technology sector are subject to
rapid changes in technology product cycles; rapid product
obsolescence; government regulation; and increased competition,
both domestically and internationally, including competition from
foreign competitors with lower production costs. Small- and
mid-capitalization companies often have greater price volatility,
lower trading volume and less liquidity than larger more
established companies. Securities focusing on a single country and
narrowly focused investments may be subject to higher
volatility.
Carefully consider the Global X Funds' investment objectives,
risk factors, charges and expenses before investing. This and
additional information can be found in the Global X Funds'
prospectus, which may be obtained by calling 1-888-GX-FUND-1
(1.888.493.8631), or by visiting
www.globalxfunds.com. Read the prospectus carefully
before investing.
Global X Management Company, LLC serves as the investment
adviser to the Global X Funds. The Global X Funds are distributed
by SEI Investments Distribution Co., which is not affiliated with
Global X Management Company or any of its affiliates.
NASDAQ OMX Indexes have been licensed for use by Global X
Management Company, LLC. Global X Funds are not sponsored,
endorsed, issued, sold, or promoted by NASDAQ OMX, nor does this
company make any representations regarding the advisability of
investing in the Global X Funds.
Index data source: NASDAQ OMX.
Index components subject to change.
SOURCE Global X Funds