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Global X China Financials Etf
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Symbol CHIX stands for Invesco China Small Cap ETF, an exchange-traded fund (ETF). It's a publicly traded company listed on the US stock exchange (NYSE Arca). The fund aims to track the investment results of the FTSE China AMEX Small Cap Index, which focuses on China's small-cap companies.
Financial:
The fund's net assets are around $184.6 million, with a total holding of 105 securities. Its 30-day SEC yield is 0.17% and has a low average spread of 0.05%. The fund's inception date is 06/23/2008.
Earnings:
The fund's earnings have consistently grown over the years, with an annual dividend yield of 2.92%. Its last dividend payment was $0.048 per share, paid on 02/27/23.
Growth:
The fund's underlying index, FTSE China AMEX Small Cap Index, tracks the small-cap segment in the Chinese market. This market has grown over the years despite the pandemic and market volatility. China's proactive economic policies and the reopening of its economy have fueled the growth.
However, It's essential to note that investment in the CHIX ETF or any security carries inherent risks, and CHIX has a higher turnover rate (27.78%) than the category average (5.41%). Additionally, investing in international securities pose additional risks, including currency fluctuations, political risks, and emerging market risks.
In conclusion, while the CHIX ETF has had a successful long-term track record, It's essential for investors to keep the risks in mind and evaluate their investment objectives and risk tolerance before investing. Diversification and proper portfolio allocation are crucial in minimizing these risks. Consulting a financial expert or conducting in-depth research is recommended before investment decisions.
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