Previously, investors in China could only gain exposure to U.S. markets through ordinary “Qualified Domestic Institutional Investor funds” – the QDII program grants a limited access for institutional investors, like banks, funds and investment companies, to invest in foreign-based securities. In the People’s Republic of China, the restrictions helped reduce conversion risks in a non-free floating currency.
Other countries with NASDAQ-100 ETPs include India, Italy, Japan, South Korea, Singapore and Switzerland.
The Nasdaq is also home to the KraneShares CSI China Internet Fund (NasdaqGM: KWEB), an ETF with the flexibility to add Alibaba after the stock has been public for 11 days. [Alibaba Results Lift China Internet ETF]
PowerShares QQQ
Tom Lydon’s clients own shares of QQQ.