Profit with China’s small caps

Article Excerpt

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