Reuters Reported Earlier, China To Launch New $40B State Fund To Boost Chip Industry
Portfolio Pulse from Charles Gross
China is planning to launch a new $40 billion state fund to boost its chip industry, according to a Reuters report. This move could potentially impact the performance of US-listed ETFs such as FXI and SOXX.

September 05, 2023 | 8:41 am
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NEUTRAL IMPACT
The new Chinese state fund could potentially impact the performance of the FXI ETF, which tracks large-cap Chinese stocks.
The FXI ETF tracks large-cap Chinese stocks. The launch of a new state fund to boost China's chip industry could potentially impact the performance of these stocks, and therefore the ETF. However, the exact impact will depend on the specifics of the fund and how it is implemented.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The new Chinese state fund could potentially impact the performance of the SOXX ETF, which tracks the semiconductor sector.
The SOXX ETF tracks the semiconductor sector. The launch of a new state fund to boost China's chip industry could potentially impact the performance of this sector, and therefore the ETF. However, the exact impact will depend on the specifics of the fund and how it is implemented.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70