BlackRock‘s iShares is planning to expand its lineup of China-focused exchange traded funds (ETFs).
The new ETF is expected to track China’s H-Shares, which are companies based in China whose shares are denominated in Hong Kong dollars and the country’s B-Shares, explains The ETF Professor for Benzinga.
iShares didn’t release a ticker or an expense ratio for the new fund.
The index also includes select Hong Kong-listed Red Chips and P-Chips (issued by companies controlled by individuals in the People’s Republic of China and deriving substantial revenues or allocating substantial assets in the China). The index is weighted heavily toward financials, energy and telecom.
In other China news, President Obama is playing host this week to China President Hu Jintao. Both leaders pledged to “nurture” the common interests between both countries, says The New York Times. A few touchy issues were addressed, including China’s stance on human rights and the artificially weak yuan.
Tisha Guerrero contributed to this article.
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