ETF Trends
08-04-2008, 05:20 AM
ETF Trends - Keeping a Grip on Exchange Traded Funds (ETFs)
http://www.etftrends.com/wp-content/uploads/2008/08/post-batteries.jpgSome companies in China are going high-tech, and it could deliver a charge to the country’s exchange traded funds (ETFs).
A little-known company there, BYD Corporation, has rocketed to the number two producer of batteries in the world in less than a decade of existence. Next up, BYD (which stands for Build Your Dream) is planning a green-energy car, reports David Barboza for the New York Times (http://www.nytimes.com/2008/08/01/business/worldbusiness/01factory.html?_r=2&hp&oref=slogi).
China is no longer happy with being the home of low-cost, low-skilled, low-margin manufacturing for toys, clothes and other goods, and is taking on the world’s largest corporations for business, customers, power and, of course, recognition.
The two-fisted approach involves incentives for companies to innovate while discouraging low-end manufacturing from operating in Southern China. This step would discourage one of the crucial drivers for their past economic rise, and beginning the next phase of becoming a high-tech economic zone.
ETFS that would thrive in this environment:
SPDR S&P China (GXC (http://finance.yahoo.com/q?s=gxc)), down 23.9% year-to-date
iShares FTSE/Xinhua China 25 Index (FXI (http://finance.yahoo.com/q?s=gxc)), down 20% year-to-date
PowerShaes Golden Dragon Halter USX China (PGJ (http://finance.yahoo.com/q?s=pgj)), down 26.8% year-to-date
NETS Hang Seng China Enterprises Index Fund (SNO (http://finance.yahoo.com/q?s=sno)), launched May 14http://www.etftrends.com/wp-content/uploads/2008/08/z6.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/355110702/a-higher-bar-for-chinas-companies-could-refresh-etfs.html)
http://www.etftrends.com/wp-content/uploads/2008/08/post-batteries.jpgSome companies in China are going high-tech, and it could deliver a charge to the country’s exchange traded funds (ETFs).
A little-known company there, BYD Corporation, has rocketed to the number two producer of batteries in the world in less than a decade of existence. Next up, BYD (which stands for Build Your Dream) is planning a green-energy car, reports David Barboza for the New York Times (http://www.nytimes.com/2008/08/01/business/worldbusiness/01factory.html?_r=2&hp&oref=slogi).
China is no longer happy with being the home of low-cost, low-skilled, low-margin manufacturing for toys, clothes and other goods, and is taking on the world’s largest corporations for business, customers, power and, of course, recognition.
The two-fisted approach involves incentives for companies to innovate while discouraging low-end manufacturing from operating in Southern China. This step would discourage one of the crucial drivers for their past economic rise, and beginning the next phase of becoming a high-tech economic zone.
ETFS that would thrive in this environment:
SPDR S&P China (GXC (http://finance.yahoo.com/q?s=gxc)), down 23.9% year-to-date
iShares FTSE/Xinhua China 25 Index (FXI (http://finance.yahoo.com/q?s=gxc)), down 20% year-to-date
PowerShaes Golden Dragon Halter USX China (PGJ (http://finance.yahoo.com/q?s=pgj)), down 26.8% year-to-date
NETS Hang Seng China Enterprises Index Fund (SNO (http://finance.yahoo.com/q?s=sno)), launched May 14http://www.etftrends.com/wp-content/uploads/2008/08/z6.png
complete story here... (http://feeds.feedburner.com/~r/etftrends-feed/~3/355110702/a-higher-bar-for-chinas-companies-could-refresh-etfs.html)