The PowerShares Golden Dragon Halter USX China ETF began trading Thursday, December 10, 2004, on the US Amex with the symbol PGJ
NEW YORK - PowerShares plans to launch an exchange-traded fund tracking China-focused companies trading on U.S. exchanges. Based on the Halter USX China Index, the new ETF is scheduled to begin trading Dec. 9 on the American Stock Exchange with PGJ as its ticker.
The Halter USX China Index is composed of 38 companies trading on the New York Stock Exchange, Nasdaq and Amex.
Investing in China using U.S. listed securities may provide additional comfort for many investors because companies listed on U.S. exchanges are required to meet U.S. regulatory standards which have been designed to protect investors from corporate fraud and market deception. These regulations include requirements for minimum corporate governance, disclosure and accounting standards. See PowerShares Capital Management LLC Introduces Two New Exchange Traded Funds Dec. 9, 2004
iShares Launches the First Pure Mainland China Exchange Traded Fund for U.S. Investors
SAN FRANCISCO--(BUSINESS WIRE)--Oct. 8, 2004--Barclays Global Investors announced today the iShares® FTSE/Xinhua China 25 Index Fund (ticker:FXI) began trading on the New York Stock Exchange. The fund is the first pure mainland China exchange traded fund (ETF) for U.S. investors. Whether implementing a short-term tactical strategy or building a long-term globally diversified portfolio, U.S. investors now have the means to execute an investment strategy involving one of the world's largest and most exciting economies. Designed to track the FTSE/Xinhua China 25 Index, the fund holds 25 of the largest and most liquid Chinese companies. The fund's expense ratio is 0.74%, well below the average expense ratio of 1.93% of China mutual funds(1). See iShares Launches the First Pure Mainland China Exchange Traded Fund for U.S. Investors Friday October 8, 11:21 am ET
iShares Xinhua/FTSE A50 China Tracker to be Launched on HKEx
The First 'A' Share ETF for International Investors
BEIJING, HONG KONG and LONDON, Nov. 10 /Xinhua-PRNewswire/ -- The Xinhua/FTSE China A50 Index has been selected by Barclays Global Investors (BGI) as the underlying benchmark for the first ETF to offer international investors access to the ''A'' share market in China. The index, part of the Xinhua FTSE Index Series, is a product of Xinhua FTSE Index Limited (XFI), a joint venture between FTSE Group and Xinhua Finance. The Xinhua FTSE Index Series is established as the leading measure of the China market, and is already used as the basis of ETFs which are trading on the London and New York Stock Exchanges. See iShares Xinhua/FTSE A50 China Tracker to be Launched on HKEx Wednesday November 10, 9:01 am ET
Sina: Risky business in China, Latest moves show how investors in Chinese ISPs are at the mercy of the state, not the market By Katie Benner, CNN/Money staff writer September 9, 2004: 6:05 PM EDT
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