From CNBC: 2024-05-22 19:00:01

Roundhill Investments is launching the Lucky Eight ETF in China, following the success of MAGS. CEO Dave Mazza aims to replicate Wall Street’s big tech stock success in China. The ETF will include Tencent, Alibaba, Meituan, BYD, Xiaomi, PDD Holdings, JD.com, and Baidu at launch.

Despite existing broad Chinese tech ETFs like KWEB, Lucky Eight ETF provides focused exposure to key Chinese tech names. The ETF will launch pending SEC approval this summer. Mazza believes investors look for precision in exposure, emphasizing the importance of market dominance in technological innovation.

Read more: China’s ‘Magnificent Seven’ gets new ETF