iShares is planning to launch a new fund, designed to measure the performance of biggest 85% of Chinese companies by market value. The exchange-traded fund (ETF) sponsor has also filed with the Securities and Exchange Commission to market the MSCI China Index Fund.
The portfolio will track the MSCI China Index and will give more exposure to the domestic Chinese economy than the iShares FTSE China 25 Index Fund. The parent of San Francisco-based iShares, BlackRock, will be serving as the investment advisor.
Click here for the story from Index Universe.