Profit from China’s consumers

Article Excerpt

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. Claymore/AlphaShares China Small Cap Index ETF was launched on January 30, 2008. The fund has an expense ratio of 0.70%. The dividend yield is 0.1%. Claymore/AlphaShares China Small Cap Index ETF is a buy for aggressive investors. investors…