Global X MSCI China Information Technology ETF
CHIK
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- Global X MSCI China Information Technology ETF (CHIK) is an exchange-traded fund that provides targeted exposure to the information technology sector within China's large- and mid-capitalization equity markets by seeking to track the performance, before fees and expenses, of the MSCI China Information Technology 10/50 Index. The fund employs a full replication technique to invest in growth and value stocks of companies across diversified market capitalizations operating in information technology sectors, including electronic components; telecommunications equipment; semiconductors; computer processing hardware; packaged software; electronic equipment/instruments; information technology services; electronic production equipment; computer peripherals; and specialty chemicals, among others. It incorporates eligible securities per MSCI’s Global Investable Market Index Methodology, encompassing China A, B and H shares, Red chips, P chips, and foreign listings of information technology firms domiciled or primarily operating in China, targeting institutional and retail investors seeking sector-specific exposure to China's technology landscape. Launched on December 7, 2018, and managed by Global X Management Company LLC, a subsidiary of Mirae Asset Global Investments, CHIK is domiciled in the United States with its headquarters in New York. The ETF trades on the NYSE Arca exchange under the ticker CHIK, with a total expense ratio of 0.65% and semi-annual distributions; as of recent data, it maintained net assets around $10.73 million, though holdings reflected a transition primarily to cash and receivables amid operational wind-down. In a significant operational change, Global X announced the liquidation of CHIK and 18 other niche ETFs on January 19, 2024, with trading ceasing on February 16, 2024, and final liquidation occurring on or around February 23, 2024, due to low assets under management representing less than 1% of the firm's total assets. This decision by the Board of Trustees followed a recommendation from Global X Management Company LLC to best serve shareholders, resulting in cash distributions equal to net asset value for remaining holders, with the firm bearing associated fees and expenses. No recent partnerships, acquisitions, funding rounds, or new product launches were associated specifically with CHIK in the last 1-2 years prior to its closure; instead, Global X shifted focus to new thematic ETFs, such as those targeting AI semiconductors, Hang Seng TECH Index exposure in Canada, and other China tech innovations excluding the liquidated single-sector China MSCI suite.