公司首席执行官Dave Mazza表示，DRAG与其他提供中国敞口的ETF，例如管理规模为79亿美元的 A new ETF called DRAG, "China Dragon", tracking the performance of major Chinese companies has landed on the US stock market. Its components currently include Tencent, Pinduoduo, Alibaba, Meituan, BYD, Xiaomi, JD.com, Baidu, and Netease. DRAG aims to track an equally weighted basket of stocks composed of the 5 to 10 largest and most innovative Chinese technology companies. This ETF will be rebalanced quarterly.
Amid a sharp rise in the Chinese stock market, on Thursday, a new ETF tracking the performance of large Chinese companies, called the 'China Dragon', debuted on the US stock market. This ETF's full name is $ROUNDHILL CHINA DRAGONS ETF (DRAG.US)$ , with its constituents currently including $TENCENT (00700.HK)$Please use your Futubull account to access the feature.$PDD Holdings (PDD.US)$Please use your Futubull account to access the feature.$Alibaba (BABA.US)$Please use your Futubull account to access the feature.$MEITUAN-W (03690.HK)$Please use your Futubull account to access the feature.$BYD Company Limited (002594.SZ)$Please use your Futubull account to access the feature.$XIAOMI-W (01810.HK)$Please use your Futubull account to access the feature.$JD.com (JD.US)$Please use your Futubull account to access the feature.$Baidu (BIDU.US)$ and $NetEase (NTES.US)$ The issuer collectively refers to these companies as the "Chinese Dragon".
DRAG aims to track an equally weighted basket of stocks composed of 5 to 10 of the largest and most innovative Chinese technology companies. Roundhill Investment Management stated that at the time of its launch, these nine super large technology companies showed competitive advantages in economies of scale, solid fundamentals, and significant growth compared to their peers. This ETF will rebalance quarterly.
The company's CEO Dave Mazza stated that DRAG, along with other ETFs offering exposure to China, such as those with assets under management of $7.9 billion $KraneShares CSI China Internet ETF (KWEB.US)$ With a management size of $6.4 billion. $iShares China Large-Cap ETF (FXI.US)$ The difference lies in concentration.
DRAG's expense ratio is 0.59%, slightly lower than most similar ETFs.
Just this week, the four largest ETFs related to the Chinese stock market listed in the US have seen an inflow of $2.5 billion, with KraneShares' KWEB recording its largest single-day inflow ever on Tuesday. Fund managers and hedge funds are pouring into the Chinese stock market at a record pace.
Among the nearly 20 ETFs launched by Roundhill, the best performing one has a size of $0.78 billion. $Roundhill Magnificent Seven ETF (MAGS.US)$ The ETF tracks the stocks of the Seven Sisters in the US stock market, launched in April 2023, and has risen by 40% this year. Mazza regards it as the American version of DRAG.
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