China has been considered a “hot” market for going on the past decade, ever since Goldman Sachs singled it out as one of the emerging markets to watch in its famous “BRIC” research paper. However, as most investors know, getting direct access to China’s stock market can be a complicated exercise.
Harvard’s endowment is a big player in the ETF industry. Or should we say, in iShares.
Chinese markets have taken a hit recently, but not all parts of the market have suffered equally. With ETFs, you can hone your focus.
Guggenheim Completes Claymore Purchase
In mid-October, privately held institutional money manager Guggenheim Partners completed its acquisition of Claymore Group Inc. The deal covers all aspects of Claymore’s operations, including Claymore Securities Inc., Claymore Investments Inc. in Canada and Claymore Advisors, LLC.
Newly acquired Claymore Securities, Inc., launched its third China-focused ETF, in mid-October. The Claymore/AlphaShares China All-Cap ETF (NYSE Arca: YAO) is designed to provide balanced exposure to investable small-, mid- and large-cap Chinese companies.
Claymore Securities, Inc. launched Monday its third China-focused exchange-traded fund, the Claymore/AlphaShares China All-Cap ETF (NYSEArca: YAO). YAO is designed to provide balanced exposure to investable small-, mid- and large-cap Chinese companies.
The ETF will hold 99 securities, with a capitalization breakdown tilted slightly toward mid- and small-cap stocks.
AlphaShares, LLC has launched a new index comprising equities from Chinese companies of all capitalization sizes: the China All Cap Index.
Later this month, Claymore Securities, which has already sponsored two funds based on AlphaShares indexes, will launch an ETF linked to the China All Cap Index: the Claymore/AlphaShares China All-Cap ETF (NYSEArca: YAO).
The index caps exposure of a single stock at 5 percent and single sectors at 35 percent to avoid overconcentration.
Morgan Stanley’s China A-Share closed-end fund (NYSEArca: CAF) gets a lot of attention. But that doesn’t mean investors should buy it.