Claymore Securities launched the Claymore/AlphaShares Small Cap China ETF (AMEX: HAO). The ETF will seek investment results that correspond generally to the AlphaShares China Small Cap Index.
The index is constructed with Chinese companies having a float adjusted market cap of between USD $200 million and USD $1.5 billion. Only shares eligible for foreign ownership are included in the index.
See AlphaShares’ website for more information on the index.