The third ETF seeks to replicate the AlphaShares China All Cap Index and monitor the performance of the investable universe of publicly-traded companies based in mainland China of all capitalizations.
Claymore Securities has launched Claymore/AlphaShares China All-Cap ETF on the NYSE Arca. Reportedly, it is Claymore’s third China-focused ETF joining Claymore’s existing China-based ETFs – the Claymore/AlphaShares China Small Cap Index ETF, to focus on Chinese small-cap companies, and the Claymore/AlphaShares China Real Estate ETF, to focus on Chinese real estate companies.
Christian Magoon, president of Claymore Securities, said: “With Chinese banks remaining in good condition and lending growing rapidlyi, this is the ideal time for investors to access the country’s market through an all-cap product like YAO. We are excited to be able to grow our Chinese offerings and grant broader access to US investors.”
Burton Malkiel, chief investment officer of AlphaShares and economist at Princeton University, said: “China is the leading driver of global GDP growth today and will soon pass Japan to become the second largest economy in the world. However, most investors have less than 2% of their portfolio invested in China. Claymore’s YAO is a valuable addition to their growing suite of products designed to provide investors with this much needed exposure.”
AlphaShares is an investment management firm dedicated to providing investors with strategies and products to participate in China’s economy.