One way to invest in China is buying exchange-traded funds (ETFs). One China ETF to consider is the PowerShares Golden Dragon Halter USX China Portfolio (ticker: PGJ). PGJ is comprised of companies in the Halter USX China Index. Halter recently added 5 new companies to its Index:
Here is the list of new additions:
- China Netcom (ticker: CN), a fixed-line telecommunications operator.
- Comtech Group (ticker: COGO) a module design solutions provider, focused on the mobile handset and telecom equipment industries.
- International DisplayWorks (ticker: IDWK), a designer, manufacturer and supplier of liquid crystal display (LCD) products.
- Ninetowns Digital (ticker: NINE), a software company, which enables enterprises and trade-related government agencies to streamline the import / export process.
- The9 (ticker: NCTY), an online game operator and developer.
Thought: The Halter Index is comprised of companies whose common stock is publicly traded in the United States. The companies must conduct a majority of business in Mainland China, maintain an average market capitalization of over $50 million for the preceding 40 trading days, trade on the NYSE, Amex or NASDAQ, and be approved by the USX Selection Committee.
For a list of the 48 companies comprising the index, visit Halter's website:
For more on the Halter Index and exchange-traded fund, PGJ, click here.