Investing
ETF LAUNCH: China Small Cap From Claymore/AlphaShares (HAO)
Published:
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).
This ETF actually is fairly distributed after looking at the holdingsversus the weighting of each. Many ETF’s tracking specific markets andsectors have a few components making up a large percentage of theentire group. Of the top 20 holdings below, this only comprises about37% of the entire ETF.
Below is a snapshot of the top 20 holdings, although you can see the full list here.
BEIJING ENTERPRISES HOLDINGS 2.97 %
CHAODA MODERN AGRICULTURE 2.95 %
SINOFERT HOLDINGS LTD 2.45 %
WUXI PHARMATECH INC – ADR 1.92 %
SHANGHAI JIN JIANG INT’L 1.89 %
CHINA SHIPPING CONTAINER 1.89 %
NETEASE.COM INC-ADR 1.88 %
SOHU.COM INC 1.84 %
CHINA COMMUNICATIONS SERVICES 1.82 %
PORTS DESIGN LTD 1.74 %
CNPC HONG KONG LTD 1.74 %
JIANGSU EXPRESSWAY CO LTD 1.72 %
TSINGTAO BREWERY CO LTD 1.72 %
DONGFANG ELECTRIC CORP LTD 1.67 %
GUANGDONG INVESTMENT LTD 1.67 %
CHINA SOUTHERN AIRLINES CORP 1.62 %
SINOPEC SHANGHAI PETROCHEMICAL 1.62 %
CHINA EASTERN AIRLINES CO 1.46 %
MAANSHAN IRON & STEEL 1.45 %
KWG PROPERTY HOLDING 1.44 %
Jon C. Ogg
January 31, 2008
Sponsored: Want to Retire Early? Here’s a Great First Step
Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
