May 24, 2007 at 8:02 am by Tom Lydon
Success, and history, go together with dynamic duos: Bonnie and Clyde, Batman and Robin, Sonny and Cher, so why would exchange traded funds (ETFs) be an exception? Although late February may have scared some investors away, China and India are still hot countries right now (no pun intended). First Trust created a hybrid asset class-Chindia. First Trust ISE Chindia Index (FNI) offers returns of the 25 most liquid ADRs from each of China and India. Trang Ho of Investor’s Business Daily reports it is like a mix of iShares FTSE/Xinhua China 25 Index (FXI) and iPath MSCI India (INP), which is an exchange traded note that is actually debt backed by Barclays.
The top 3 stocks in FNI are ranked by liquidity and weighted at 7% each. FNI is most heavily weighted in information technology at 37%, followed by financials 20%, telecom 13% and energy 12.5%. Both countries are hot topics right now so it is only natural their combination would get some attention.
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