“So, it’s really important to have that total comprehensive look at China,” Orzano said.

To gain a more comprehensive picture of the overall Chinese equity market, investors may look at something like the recently launched WisdomTree ICBCCS S&P China 500 Fund (NYSEArca: WCHN).

The ICBCCS S&P China 500 Fund tries to reflect the performance of the S&P China 500 Index, a group of 500 of the largest, most liquid Chinese companies by market capitalization and one of the only broad-based indices with exposure to all Chinese equity share classes, listed both in mainland China and internationally.

Due to its more diversified exposure to Chinese equity share classes, the fund’s sector weights may also be more diverse, compared to other China-related indices and funds. Specifically, WCHN top sector weights include financials 25.7%, information technology 21.5% and consumer discretionary 11.9%.

“With the S&P China 500, the main goal was to create an index that would be representative of the complete Chinese equity market. First of all, from a completeness standpoint, that’s important. But possibly even more important is that there are material differences in the types of companies that are listed in different locations,” Orzano added.