index etf

PowerShares Canadian Dividend Index ETF, $18.44, symbol PDC on Toronto (Shares outstanding: 250,000; Market cap: $4.6 million; www.investco.ca), aims to replicate the performance of the Indxis Select Canadian Dividend Index. PowerShares Canadian Dividend Index ETF was launched on June 16, 2011. The units began trading at $20. However, the fund duplicates the PowerShares Canadian Dividend Index mutual fund, which started up in November 2009. The fund holds 35 stocks, eight real estate investment trusts (REITs) and two income trusts. It has an expense ratio of 0.50%, and yields 3.6%. Its top 10 holdings are Royal Bank, 10.0%; TD Bank, 10.0%, Bank of Nova Scotia, 9.7%; Bank of Montreal, 7.4%; CIBC, 5.6%; TransCanada Corp., 5.4%; Thomson Reuters, 5.2%; Enbridge, 4.6%; Great-West Lifeco, 4.4%; and Power Financial, 3.9%....

GUGGENHEIM ALPHASHARES CHINA SMALL CAP INDEX ETF $32.72 (New York Exchange symbol HAO; buy or sell through brokers; www.guggenheimfunds.com) is the new name of Claymore/AlphaShares China Small Cap Index ETF. Guggenheim Partners bought Claymore Group in 2009, and has renamed the Claymore funds. This ETF aims to track the AlphaShares China Small Cap Index. This index is made up of all investable Chinese stocks with market caps between $200 million and $1.5 billion. The $496.6-million fund’s top holdings are PICC Property & Casualty, 2.6%; Focus Media Holdings, 2.1%; Air China, 2.0%; Weichai Power Co., 1.9%; Yangzijiang Shipbuilding, 1.8%; Cosco Pacific, 1.8%; Brilliance China Automotive Holdings, 1.8%; Shandong Wiegao Group Medical, 1.6%; Sohu.com, 1.6%; and ZTE Corp., 1.5%....

The long-term outlook for China, and Chinese stocks, is bright. And one of the best ways for investors to tap into that growth is through low-fee exchange-traded funds (ETFs). Here are two Chinese ETF recommendations. One invests in all of the publicly traded Chinese stocks available to foreign investors. The other holds small-cap Chinese stocks. SPDR S&P CHINA ETF $83.37 (New York Exchange symbol GXC; buy or sell through brokers; www.spdrs.com), is an exchange-traded fund that aims to track the S&P China BMI Index. This index is made up of all of the publicly traded Chinese stocks that are available to foreign investors. Right now, SPDR S&P China ETF holds 147 stocks....

CLAYMORE/ALPHASHARES CHINA SMALL CAP INDEX ETF $27.17 (New York Exchange symbol HAO; buy or sell through brokers) is an ETF that aims to track the AlphaShares China Small Cap Index. This index is made up of all investable Chinese stocks with market caps between $200 million and $1.5 billion. The $314.2-million fund’s top holdings are Air China, 2.3%; Shandong Wiegao Group Medical, 2.0%; China Everbright, 1.7%; China Eastern Airlines, 1.7%; PICC Property & Casualty, 1.6%; Cosco Pacific, 1.6%; China Resources Gas Group, 1.6%; ZTE Corp., 1.5%; Weichai Power Co., 1.5%; and Yangzijiang Shipbuilding, 1.4%. As China’s economy matures, and consumers feel more protected by the expanding social safety net, domestic spending should rise. This fund is well positioned to benefit from that trend....

CLAYMORE/ALPHASHARES CHINA SMALL CAP INDEX ETF $28.32 (New York Exchange symbol HAO; buy or sell through brokers) is an ETF that aims to track the AlphaShares China Small Cap Index. This index is made up of all investable Chinese stocks with market caps between $200 million and $1.5 billion. The $373.6-million fund’s top holdings are Air China, 1.9%; Semiconductor Manufacturing, 1.8%; ZTE Corp., 1.8%; China Everbright, 1.7%; Shandong Wiegao Group Medical, 1.6%; PICC Property & Casualty, 1.6%; China Eastern Airlines, 1.5%; Weichai Power Co., 1.5%; Suntech Power Holdings, 1.5%; and China Resources Gas Group, 1.5%. As China’s economy matures, and consumers feel more protected by the expanding social safety net, domestic spending should rise. This fund is well positioned to benefit from that trend....