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China’s Expanding Middle Class May Propel Profits

China’s population is not just expanding but is getting wealthier and more urban than at any time in its long history. Further, the Chinese government has an explicit policy to refocus its economy towards domestic consumption, rather than infrastructure investment. This expanding middle class is explicitly targeted by Global X China Consumer ETF (CHIQ).

CHIQ is designed to reflect the performance, before fees and expenses, of an index of companies that have their main business operations in the consumer sector and are domiciled or have their main business operations in China. The non-diversified fund invests primarily through American and Global Depository Receipts.

CHIQ has gained 9.55% so far this year, after recovering from a sharp drop in July and a minor dip in October. Last year, the fund gained 8.4%. If you like income, the fund is yielding 1.05%.

Read more about the benefits of investing in China’s middle class at Eagle Daily Investor.

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The Chinese government has an explicit policy to refocus its economy towards domestic consumption, rather than infrastructure investment.

archive

China??s Expanding Middle Class May Propel Profits

The Chinese government has an explicit policy to refocus its economy towards domestic consumption, rather than infrastructure investment.

China??s population is not just expanding but is getting wealthier and more urban than at any time in its long history. Further, the Chinese government has an explicit policy to refocus its economy towards domestic consumption, rather than infrastructure investment. This expanding middle class is explicitly targeted by Global X China Consumer ETF (CHIQ).

CHIQ is designed to reflect the performance, before fees and expenses, of an index of companies that have their main business operations in the consumer sector and are domiciled or have their main business operations in China. The non-diversified fund invests primarily through American and Global Depository Receipts.

CHIQ has gained 9.55% so far this year, after recovering from a sharp drop in July and a minor dip in October. Last year, the fund gained 8.4%. If you like income, the fund is yielding 1.05%.

Read more about the benefits of investing in China’s middle class at Eagle Daily Investor.

Written By

Doug Fabian is the editor of Successful Investing and High Monthly Income, and is the host of the syndicated radio show, "Doug Fabian's Wealth Strategies." Taking over the reigns from his dad, Dick Fabian, back in 1992, Doug has continued to uphold the reputation of the newsletter as the #1 risk-adjusted market timer as ranked by Hulbert??s Investment Digest. For more than 30 years, Successful Investing (formerly the Telephone Switch Newsletter) has produced double-digit annual gains. Doug has become known for his expert knowledge and timely use of innovative tools like Exchange Traded Funds, bear funds and Enhanced Index funds to profit in any market climate.

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