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COPYRIGHT 2004 Financial Times Ltd.
(From Funds International)
Barclays Global Investors (BGI), the world's biggest provider in the rapidly expanding exchange traded funds (ETF) industry has just opened a new door for investors targeting China's mainland equity market.
On 8 October BGI's new iShares FTSE/Xinhua China 25 Index Fund (ticker code FXI) began trading on the New York Stock Exchange. This was followed by the listing of an identical ETF for European investors, the iShares FTSE/Xinhua China 25 Index Fund (ticker code FXC), on the London Stock Exchange on 25 October.
Both listings are the first pure mainland China ETFs and with an expense ratio of 0.74 percent, they also represent a significant new competitor for China mutual funds which have average expense ratios of 1.93 percent.
In addition to providing a new investment avenue into...
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