PowerShares Capital Management has launched a diversified fund consisting of 43 U.S.-listed stocks that derive the majority of their revenues from the People’s Republic of China.
The PowerShares ETF (Amex: PGJ) is made up entirely of U.S. exchange-listed public companies that trade on the NYSE, AMEX and Nasdaq.
Officially named PowerShares Golden Dragon Halter USX China Portfolio (Amex: PGJ), the ETF gives investors the full basket of component companies that make up the Halter USX China Index. The index includes energy — Petrochina (NYSE: PTR) and China National Offshore Oil Corp. (NYSE: CEO) — telecom giant China Mobile Hong Kong (NYSE: CHL) along with a diversified group of companies like Nam Tai Electronics (NTE), Netease.com, Inc. (NTSE), China Life Insurance Company Ltd. (LFC), China Automotive Systems (CAAS), and China Southern Airlines (ZNH).