Global X announces details for new Chinese renminbi-denominated fund

By Toni Weeks

San Luis Obispo, Calif., Nov. 14 – Global X Funds gave more details on its new China-focused fund, according to an N-1A filing with the Securities and Exchange Commission.

The Global X GF China Bond ETF (NYSE: CHNB) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expense, of the S&P China Composite Select Bond index. It will normally invest at least 80% of its total assets in securities that comprise its benchmark index, which is comprised of Chinese renminbi-denominated bonds issued or distributed within mainland People’s Republic of China.

Bruno del Ama, Jose C. Gonzalez, Luis Berruga, Chang Kim and Wang Yuke have been named as the portfolio managers.

There are no shareholder fees. Including management fees of 0.48%, and taking into account a fee waiver and reimbursement agreement with the investment adviser, total annual fund operating expenses are expected to be 0.5%.

New York-based Global X Management Co. serves as the fund’s investment adviser, with GF International Investment Management Ltd. as subadviser.

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