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Aerospace and Defense ETFs Beat S&P 500 as -2-
Fund managers are pouring into the Chinese stock market at a record pace! The 'China Dragon' ETF debuts on the US stock market.
On Thursday, a new exchange traded fund (ETF) aimed at capturing the performance of large Chinese companies was officially launched.
"China Dragon" ETF landed on Wall Street as the bull market returns, benchmarking the seven major ETFs in the US.
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.