Posts for Ticker ‘Chinese small cap stocks’

ETF LAUNCH: China Small Cap From Claymore/AlphaShares (HAO)

The American Stock Exchange launched trading yesterday in a new exchange traded fund that tracks small cap stocks in China.  It launched the Claymore/AlphaShares China Small Cap Index ETF (Amex: HAO) by Claymore Securities, Inc.

This ETF (HAO) aims to track the performance of the AlphaShares China Small Cap Index, which was designed to track the performance of publicly-traded small cap stocks in mainland China.

According to the launch site, this ETF launched with only 200,000 shares outstanding and it traded 2,800 shares yesterday.  It was also listed as having a 5.32% Bid/Ask premium and has 120 securities in the AlphaShares China Small Cap Index (ACNSC).

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Posted on: January 31, 2008 – 8:42 am in China, ETF, Small Cap Stocks, , , , , ,