Monday, July 22, 2013

Chinese Central Planning? Yes, There’s an ETF for That

From Barron's Focus on Funds:
How’s this for completing a circle: Wall Street’s latest fund owes as much to Mao Zedong as to the New York Stock Exchange.

The KraneShares CSI China Five Year Plan ETF (KFYP) aims to profit from China’s latest Five Year Plan, specifically by investing in companies deemed to be beneficiaries from Beijing’s policies. Launching on the NYSE’s Arca exchange tomorrow, the fund is the brainchild of startup ETF purveyor KraneShares, which is planning a family of China-themed funds....MORE
I thought the circle was squared with: "Deng Xiaoping Smiles: Peoples Daily Online is Doing an IPO".