{"id":7285,"date":"2024-05-23T12:59:29","date_gmt":"2024-05-23T12:59:29","guid":{"rendered":"https:\/\/demo5.dedicatedhost247.com\/zexo\/this-etf-aims-to-capture-chinas-own-magnificent-seven\/"},"modified":"2024-05-23T12:59:29","modified_gmt":"2024-05-23T12:59:29","slug":"this-etf-aims-to-capture-chinas-own-magnificent-seven","status":"publish","type":"post","link":"https:\/\/demo5.dedicatedhost247.com\/zexo\/this-etf-aims-to-capture-chinas-own-magnificent-seven\/","title":{"rendered":"This ETF aims to capture China’s own ‘Magnificent Seven’"},"content":{"rendered":"


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Roundhill Investments wants to mimic the success of its Magnificent Seven ETF<\/a> (MAGS) in China.<\/p>\n

The firm’s CEO Dave Mazza plans to launch the Lucky Eight ETF, which aims to be China’s answer to the success of Wall Street’s big tech stocks<\/a>.<\/p>\n

“There’s a lot of question marks about the Chinese economy and the potential for growth of the consumer in China,” Mazza told CNBC’s “ETF Edge<\/a>” on Monday. “But at the end of the day, we believe that investors are looking for exposures that give them precision, just like we found with MAGS.”<\/p>\n

Trading under the ticker “LCKY,” the Lucky Eight ETF will include equal-weighted exposure to Tencent Holdings<\/a>, Alibaba<\/a>