Chinese tech investments spur huge returns for pint-sized ETF
The US$48m Emerging Markets Internet and E-commerce ETF is up 32 per cent this year, making it one of the 30 top returning equity ETFs globally
New York
TAKE China and technology, put them together and what do you have? One of the best performing exchange- traded funds in the world.
The tiny US$48 million Emerging Markets Internet and E-commerce ETF, or EMQQ, is up 32 per cent this year, putting it among the 30 top returning equity ETFs worldwide.
The fund is just a fraction of BlackRock Inc's US$30 billion developing market fund, symbol EEM. But its performance is anything but diminutive.
How's it accomplishing this? By focusing on technology companies that genera…
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