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PowerShares Chinese Yuan Dim Sum Bond Portfolio: Risky, But May Be Worth A Bite
Yiannis Mostrous • Tue, Nov 22, 2011
PowerShares Launches 'Dim Sum' China Bond ETF
Michael Johnston • Mon, Sep 26, 2011
PowerShares Launches Yuan-Denominated Bond ETF
Tom Lydon • Fri, Sep 23, 2011 • 1 Comment

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Guggenheim Yuan Bond ETF To Close
Ron Rowland • Tue, May 28
Why Schwab Unit Windhaven Is Overweight International ETFs
Tom Lydon • Wed, Jan 23
Ball Of Confusion: Trading The U.S., China And The Eurozone
Plan B Economics • Mon, Nov 5, 2012 • 4 Comments
Emerging-Markets Bond ETF Breakdown
Morningstar • Fri, Jul 13, 2012
A Hidden Problem For China?
George Liu • Mon, Jul 2, 2012 • 3 Comments
The Evolution Of Yuan Policy
George Liu • Tue, May 15, 2012 • 2 Comments
What's Wrong With China's Stock Market?
Sy Harding • Tue, Feb 14, 2012 • 19 Comments
Heart Of China Bull Beats Strong
Frank Holmes • Tue, Jan 31, 2012 • 8 Comments
International Bond ETF Guide: All the Options For Ex-U.S. Fixed Income Exposure
Michael Johnston • Fri, Jan 27, 2012
Guide To China Bond ETFs
Zacks Investment Research • Tue, Jan 24, 2012 • 3 Comments
It May Take A Dragon To Breathe Fire Into Markets
Frank Holmes • Tue, Jan 24, 2012
5 Compelling Long-Term Trends And The ETFs To Play Them
Michael Johnston • Tue, Jan 24, 2012
China Economic Update: The Softest of Landings
Econ Grapher • Mon, Jan 23, 2012 • 20 Comments
Emerging Markets: What To Expect In The Year Of The Dragon
Yiannis Mostrous • Wed, Jan 4, 2012
Why Investments In China Will Eventually Be Worthless
John Lindauer • Mon, Dec 26, 2011 • 365 Comments
No Soft Landing For China
The Independent Investor • Thu, Dec 22, 2011 • 103 Comments
2011, A Year Of ETF Firsts
Jared Cummans • Tue, Dec 6, 2011 • 2 Comments
China Fighting A Slowdown On All Fronts
Walter Kurtz • Mon, Dec 5, 2011 • 6 Comments
Getting The Most Out Of Your Bond ETFs
Jared Cummans • Wed, Nov 23, 2011
6 Noteworthy ETF Innovations
Michael Johnston • Wed, Nov 16, 2011

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DSUM vs. ETF Alternatives

DSUM Description

The PowerShares Chinese Yuan Dim Sum Bond Portfolio (the “Fund”) seeks investment results that generally correspond (before fees and expenses) to the price and yield performance of the Citigroup Dim Sum (Offshore CNY) Bond Index (the “Underlying Index”). The Fund normally will invest at least 90% of its total assets in Yuan-denominated bonds that comprise the Underlying Index. The Underlying Index includes fixed-rate securities issued by governments, agencies, supranationals, and corporations. The bonds within the Underlying Index generally have a fixed rate coupon (excluding zeros), a minimum maturity of one year and a minimum size outstanding of 1 billion Yuan.
See more details on sponsor's website

Country: China

Key Info

In Your Portfolio: A Guide to International and Emerging Market Government Bond ETFs
Asset Class Performance: Bonds

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Thursday, May 23, 3:17 AM China PMI shrinks for the first time in seven months, dropping to 49.6 from 50.4 in April, missing expectations. HSBC, who collect the data, didn't mince words in an appeal to Beijing: "The cooling manufacturing activities in May reflected slower domestic demand and ongoing external headwinds. A sequential slowdown is likely in the middle of Q2, casting downside risk to China's fragile growth recovery. Moreover, the further signs of labor market slackness call for more policy support. Beijing still has fiscal ammunition to do so." ETFs: FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF; BONDS: RMB, DSUM, CHLC, CNY, CYB, FXCH 1 Comment [Global & FX]
Monday, May 20, 8:22 AM Guggenheim announces the closing of its Chinese Yuan bond ETF (RMB), effective June 14 as the fund failed to generate significant investor interest since its 2011 launch. The fund’s May dividend distribution will be suspended which should maximize the amount shareholders will receive at liquidation on or about June 21st. Comment!
Tuesday, April 16, 1:05 PM China's local government debt is "out of control," says Zhang Ke, head of a top Chinese accounting firm, and it could spark a bigger crisis than the U.S. property crash. He says his firm has mostly exited from the business of underwriting local government bond issues as the municipalities cannot service the debt they are taking on. "Things could become very serious." 8 Comments [Global & FX]
Thursday, November 29, 2012, 5:58 AM S&P affirms China's sovereign long-term rating at "AA-" and its outlook at stable, citing "strong economic growth potential, (a) robust external position, and the government's relatively healthy fiscal position." Despite the conservative nature of China's new Politburo Standing Committee, S&P reckons that "efforts toward deepening structural and fiscal reforms are likely to continue." Comment! [Global & FX]
Thursday, November 1, 2012, 3:34 PM Yield-starved investors are moving assets into emerging-market corporate debt ETFs, and the industry responds by upping the number of products offered to 10 from just 3 at the end of 2011. There's still plenty of room for growth - in total, such ETFs (a selection here) have about $1B AUM with the size of the EM corporate debt market at $776B. The largest U.S. corporate debt ETF, LQD alone has about $25B AUM. Comment! [Global & FX]
Friday, August 24, 2012, 7:35 AM Shanghai falls 1% to its lowest level since March 2009, led by Maanshan Iron & Steel (a 16-year low) and Shanxi Coal, which both reported steep drops in earnings. Also not helping is a report from Xinhua News Agency saying Beijing has ordered local governments not to relax property controls. Comment! [Global & FX]
Friday, August 17, 2012, 8:01 AM Fascinating research from BCA shows the divergence of late between Chinese stocks (down) and corporate bond spreads (getting tighter). Such is not the case in America or in Europe where equity prices and bond spreads move in lockstep. Has an opportunity arisen in beaten-down Chinese shares? 2 Comments [Global & FX, Quick Ideas]
Friday, August 3, 2012, 7:28 AM Shanghai continues its habit of zigging while rest of the world zags, posting its biggest gain in weeks overnight (+1%). Regulators helped, slashing trading fees on equities by 20%. Also advice: "Chinese publicly traded companies, especially those (trading below book), have an obligation to buy back shares," - an unidentified CSRC official. Comment! [Global & FX]
Wednesday, June 27, 2012, 4:54 PM The collapse of a property developer in Hangzhou causes a mini-financial meltdown in the city and shines more light on so-called "credit guarantees," reminiscent, says Patrick Chovanec, of the circular arrangements common on Wall Street prior to 2007. Chovanec may be doing disservice to China, which appears to have outdone anything concocted in the U.S. during its credit bubble. Comment! [Global & FX]
Monday, May 14, 2012, 8:16 AM "A hurricane is approaching," says a Chinese official, where 8 of 10 of the country's largest shipbuilders have yet to receive an order this year. Monetarists will take note of China's M1 data, in April the weakest since modern records began. "If China were a normal country, it would be hurtling into a brick wall," writes Ambrose Evans-Pritchard. 3 Comments [Global & FX]
Tuesday, May 1, 2012, 10:10 PM "Why did 10-year Treasurys yield 14% under the vice-like grip of iron-man Volcker, but yield just 1.8% under ... Weimar-like Bernanke," asks Hugh Hendry, defining his weapons in the global macro business as irony and paradox. Hendry's latest investor letter describes China's epic, credit-fueled binge, and why the crisis that started in the U.S. and moved to Europe, is about to end in Asia - and how he's playing it by buying CDS on Japanese corporations. 6 Comments [Global & FX]
Monday, April 30, 2012, 11:19 PM China's official April PMI rises to 53.3 vs. expectations of 53.5 and 53.1 previously. The print is well above last week's HSBC "flash" PMI of 49.1 (HSBC's final April read will be released tomorrow). 2 Comments [Global & FX]
Friday, April 27, 2012, 5:03 AM China's industrial profits rose 4.5% in March, recovering from a January-February decline, and were down 1.3% Y/Y for the quarter. Comment! [Global & FX]
Thursday, April 26, 2012, 7:35 AM Included in Volvo's (VOLVY.PK) mostly upbeat earnings report, is an expected 15-25% drop in the market for construction equipment in China. The company had previously guided for a flat 2012 in China. Volvo becomes the 3rd heavy equipment maker in 2 days to warn on slowing in China. Comment! [Global & FX]
Thursday, April 19, 2012, 11:36 AM China moves to allow domestic funds to introduce yuan-denominated equity ETFs in Hong Kong, affording offshore investors the opportunity to use yuan to invest in mainland markets. It's not the first move this year suggesting Beijing's interest in funneling investor dollars towards the country's stock markets. 3 Comments [Global & FX]
Friday, April 13, 2012, 3:15 PM Slowing GDP growth doesn't make the top of the list of China's worries, writes John Foley. At the head of the pack is political shenanigans - as exemplified by the Bo Xilai saga - surrounding next year's leadership change. Next is the banking system - "built on distortions that promote misallocation of capital" - reporting a spurious 1% of loans as non-performing. 6 Comments [Global & FX]

DSUM PowerShares Chinese Yuan Dim Sum Bond Portfolio ETF

DSUM

PowerShares Chinese Yuan Dim Sum Bond Portfolio ETF