real-time news and commentary for investors
Tuesday, Dec 4
2012, 8:56 AM
Index selection matters. The Shanghai Composite - trade is limited to mainlanders - makes...
Index selection matters. The Shanghai Composite - trade is limited to mainlanders - makes headlines for hitting multiyear lows, but Hong's Kong's China Index is up 6% YTD, suggesting foreign investors see value. Also helping in Hong Kong is the higher relative weighting of real estate companies (TAO +52% YTD). On the other hand, struggling miners make up a greater weighting in Shanghai.