China ETFs Bounce on Buybacks

China stocks have climbed over 20% from their low mark in mid-September.

The Financial Times reports that state-owned firms responded to government initiatives and bought back shares of their listed subsidiaries. The parent companies of 20 listed firms have bought back shares since regulators announced moves to encourage the practice on Sunday.

China ETFs include the FTSE-Xinhua China 25 Index Fund (FXI) which invests in the 25 largest and most liquid companies in the China equity market that are available to international investors.

The SPDR S&P China ETF (GXC) tracks an index that measures the investable universe of those publicly traded companies domiciled in China that are legally available to foreign investors.

See the International section of the ETF Directory for a complete listing.

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