New York
CHINA'S anti-pollution drive is brightening more than its smoggy skies.
The Global X China Materials ETF has delivered a 56 per cent return this year as inefficient and illegal production in the Asian nation is shut down, giving companies in the exchange-traded fund healthier profit margins and more breathing room to expand output.
That's made Global X China Materials the third-best performing ETF linked to commodity producers this year, and its return was almost quadruple the gain of the SPDR S&P 500 ETF, which tracks the record-breaking US equities index, and almost triple the rally in MSCI World Materials Sector Index.
China's anti-pollution initiatives have changed the dynamics of markets...
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