“Relative to broad, cap-weighted funds, HAO provides better exposure to domestic growth trends,” Oey added.
The iShares MSCI China Small Cap Index Fund (NYSEArca: ECNS) tries to reflect the performance of the MSCI China Small-Cap Index, which holds the bottom 14% by market of the Chinese equities market. Top sectors include consumer discretionary 18.9%, industrials 18.6%, financials 15.3%, materials 12.1% and information technology 10.9%. ECNS is up 19.8% year-to-date.
Additionally, the iShares MSCI Hong Kong Small Cap Index (NYSEArca: EWHS) tracks the MSCI Hong Kong Small-Cap Index, which follows the bottom 14% of equity market cap of Hong Kong. Top sector allocations include consumer discretionary 45.2%, financials 18.8%, information technology 13.5%, industrials 9.2% and telecom services 4.2%.
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Max Chen contributed to this article.