Claymore Investments, Inc. has launched Claymore China ETF (CHI:TSX), the company said Thursday.

Claymore China ETF seeks investment results that correspond generally to the total return (before fees and expenses) of the AlphaShares China All-Cap Index, which is a broadly diversified Chinese equity index invested in publicly traded companies based in mainland China.

The AlphaShares China All-Cap Index is diversified across all sectors and market capitalization of the Chinese economy and is less concentrated with a maximum weight of 35% to any sector and 5% to any stock, Claymore notes, making it unlike other major China equity indices.

“China continues to be one of the most important economies and markets in the world today and we believe investing in China has become an integral part of a well diversified portfolio. It is expected that China will continue to outpace many developed and emerging market countries in terms of growth, yet investors continue to be underweight China in their portfolios,” says Som Seif, president & CEO of Claymore.

“We are pleased to be working with Dr. Burton Malkiel and AlphaShares LLC. to offer investors this intelligent, low cost, and efficient way gain broad exposure to the China market,” Seif adds.

Chief investment officer of AlphaShares and world renowned Princeton University economist, Malkiel says, “China is the leading driver of global GDP growth today and has recently surpassed Japan to become the second largest economy in the world. However, Canadian investors have less than 2% of their portfolio invested in China. Claymore’s CHI is a valuable addition to the growing suite of products designed to provide investors with this much needed exposure.”

Claymore Investments, Inc. offers investors a family of 28 ETFs and 2 closed-end funds across broad asset classes including core equity, global sectors, fixed income and commodities with approximately $4.5 billion in assets under management as of June 30.

IE