Global X MSCI China Consumer Staples ETF
CHIS
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- Global X MSCI China Consumer Staples ETF (CHIS) is an exchange-traded fund that seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Consumer Staples 10/50 Index. The fund invests in a portfolio of large- and mid-cap companies classified in the consumer staples sector within the MSCI China Index, including eligible China A shares (limited to Stock Connect listings), H shares, B shares, Red chips, P chips, and foreign listings such as ADRs and GDRs; it employs a full replication technique and is free float-adjusted market capitalization weighted, with a 10% cap on the largest group entity and a 50% cap on group entities exceeding 5% weight. Top holdings as of late 2023 include Kweichow Moutai Co Ltd (alcoholic beverages), Nongfu Spring Co Ltd (non-alcoholic beverages), China Mengniu Dairy Co (dairy), China Resources Beer (Holdings) Co Ltd (alcoholic beverages), and Wuliangye Yibin Co Ltd (alcoholic beverages), spanning industry subsectors such as beverages (alcoholic 39.48%, non-alcoholic 10.82%), food products (meat/fish/dairy 14.85%, specialty/candy 4.89%), household/personal care (4.81%), and agricultural commodities (9.88%). The ETF targets investors seeking exposure to China's consumer staples sector, the second-largest economy by GDP, with a total expense ratio of 0.65%, semi-annual distributions, and approximately 58 holdings as of December 31, 2023; it is non-diversified and traded on NYSE Arca. Launched on December 7, 2018 by Global X Management Company LLC, the fund is headquartered at 605 Third Avenue, 43rd Floor, New York, NY 10158. Global X Management Company LLC, established in 2008 as part of Mirae Asset Global Investments, serves as investment advisor, with funds distributed by SEI Investments Distribution Co.; the provider offers a broad lineup of thematic growth, income, international access, core, commodity, and alpha ETFs. In a significant operational change, CHIS shares were suspended from trading on the New York Stock Exchange before the open on February 20, 2024, with delisting and closure occurring on or around February 23, 2024, as the fund went out of business amid low assets under management (approximately $8.76 million as of December 31, 2023) and challenging market conditions for China-focused ETFs. Prior to closure, the fund reported net assets of about $9.34 million and holdings value of $9.00 million as of October 31, 2023, reflecting limited liquidity (average volume around 2,836 shares) and a 52-week range of $14.26 to $23.52. Global X, the issuer, continued expanding its product suite post-CHIS closure, launching new ETFs such as the Best of Canada suite, Premium Yield additions, Equal Weight Canadian Oil & Gas Index ETF (NRGY), and Gold Producers Index ETF (GLDX) in November 2024, alongside collaborations like a DAX covered call ETF with STOXX in 2025. No specific recent partnerships, funding rounds, or acquisitions were tied directly to CHIS in the last 1-2 years before its termination.