HAO has gained 13.4% since its low on June 24 and is also testing its 200-day average.
As a small-cap oriented fund, the ETF focuses on China’s domestic growth. Many observers believe that China is beginning to shift from an export heavy economy to more sustainable growth through domestic consumption. [ETF Chart of the Day: China]
The China small cap ETF has 49% of its holdings allocated toward industrials, financials and consumer discretionary. The fund avoids many of the large-cap, state run companies found in other China ETFs. HAO has a 0.75% expense ratio.
For more information on developing economies, visit our emerging markets category.
Max Chen contributed to this article.