BUYING CHINA'S CONSUMERS

摘要

Investors hoping to cash in on the growing strength of Chinese consumers might consider the Global X China Consumer Exchange Traded Fund. Launched by New York asset manager Global X on Dec. 1, the ETF is the first designed to tap into what could become a big driver of the world economy. On Nov. 13, China President Hu Jintao said China will take "vigorous" steps to boost domestic de-rnmand. "The next wave of global growth is going to come from developing a consumer base in China," says Bruno del Ama, CEO of Global X. Retail and food companies make up more than 50% of the fund, which charges 0.65% in fees and other expenses. Global X also launched an ETF to track China's industrial sector. Through Nov. 30, China's Shanghai Composite stock market index returned 78%-some 48% below its all-time October 2007 high.