Long time readers of this letter have been harangued to buy Chinese Internet stocks so frequently, they probably are fluent in Mandarin by now, drink only hot Oolong tea, and eat egg foo young at least once a week. They have been the star performers in my hedge fund this year, with Baidu (NASDAQ:BIDU) up 420%, BYD (OTCPK:BYDDF) up 175%, and Netease (NASDAQ:NTES) up 215%. Now Claymore Securities is bringing out their Claymore China Technology ETF (NYSEARCA:CQQQ), which includes the Hong Kong and US listed securities of these names among their top holdings. The firm believes this story has much further to run, even though they have had spectacular runs so far. Some $54 billion of the Middle Kingdom’s $585 stimulus package targets technology, and they are certainly darlings of the hedge fund industry. The Chinese have also showed no signs of backing off from the protectionist policies that shelter their domestic businesses. The guys that put this fund together aren’t rocket scientists, and certainly don’t speak any Chinese dialects themselves. However, they are doing yeoman’s work assembling a basket of interesting stocks that offer a convenience to those too lazy to chase down individual foreign executions. Claymore has already had success with earlier launches in China, like their real estate (NYSEARCA:TAO), small cap (NYSEARCA:HAO), and all cap (NYSEARCA:YAO) ETF’s. My only proviso on this sector is that you better be quick fingered with your mouse, because when hedge funds go back to risk reduction mode, these names will be thrown out with the bathwater.