Market Vectors added that at the start of 2014, SMEs in China were contributing 60% of the country’s GDP, 80% of its employment, and 74% of its technological innovation, according to the World Trade Organization.
CNXT has a rival in the form of the db X-trackers Harvest CSI 500 China A-Shares Small Cap Fund (NYSEArca: ASHS), which debuted two months ago. ASHS tracks the CSI 500 Index of Shanghai- and Shenzhen-listed small-caps. That ETF has about $5.5 million in assets under management. [New ETF for A-Shares Small-Caps]
CNXT Sector Weights
Graph Courtesy: Market Vectors
ETF Trends editorial team contributed to this post. Tom Lydon’s clients own shares of QQQ.