Emerging Global Shares has launched the China Infrastructure Index Exchange-Traded Fund (CHXX), the first ETF focused solely on the infrastructure sector in China.
The fund invests in 30 of the largest publicly traded companies dedicated to the infrastructure industry in that country, and is designed to track the performance of the INDXX China Infrastructure Index.
The fund provides investors with exposure to China which has made enormous progress in their infrastructure development, but still has literally decades of infrastructure build-outs and ongoing maintenance ahead of them to keep pace with their economic and population expansion.
The China Infrastructure Index has an average market capitalization of $8.3 billion and the Fund charges a net expense ratio of 0.85%.
The top five industry weightings of the Index, as of 2/1/10, are Real Estate Management & Development(22.75%), Metals & Mining (15.22%) Construction & Engineering (14.93%), Electrical Equipment(11.70%) and Construction Materials (9.37%), followed by Diversified Telecommunication, Independent Power Producers, Machinery, Transportation Infrastructure, and Energy Equipment & Services.
For more ETF investing choices, see the ETF directory or the special report, Investing in Emerging Markets with exchange traded funds.