Jerry Zh's  Instablog

Jerry Zh
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  • Which currency? 0 comments
    Dec 28, 2010 8:01 PM | about stocks: GXC
    Read the fineprint "the s&p china bmi index is a market capitalization weighted index that defines and measures the investable universe of public companies domiciled in china, but legally available to foreign investors". 
    Q: What does it mean "Legally available"? 
    A: China A shares (denominated in RMB Yuan) is not "legally available" to foreign investors.
    So similar to FXI, the index only tracks equities these Chinese companies issues outside China market(Shanghai and Shenzhen exchanges). They are less volatile, but provide less return. 
    Stocks: GXC
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