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Saturday, 06 June 2009 |
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In recent years, for overseas investors with desire to invest in China, the A-share ETFs have been an important investment instrument. However, the overseas China-concept ETFs all track the large-cap blue-chip indexes, while products tracking mid and small cap indexes are absent. To fill that gap, China International Capital Corporation (HK) Ltd (CICC) and the Shenzhen Securities Information Co Ltd signed an agreement on June 4, 2009 to launch, within four months, the CICC-SZSE 100 China Index Fund in Hong Kong, according to the release by ShengZhen Stock Exchange (SZSE).
Different from other overseas ETFs that are dominated by financial and energy industries, the SZSE 100 Index are dominated by multiple industries including real estate, metal smelting, consumer products and commercial services. The weight for the biggest industry is at 17 percent, indicating a more balanced distribution.
In addition to CICC, other companies have also applied for the authorization of the SZSE Component Index and the SZSE SME Board Index. Besides the SZSE 100 ETF, other ETFs will also be launched later on focusing on agriculture, real estate, regional finance, leading consumer, and infrastructure companies.
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China News 
