ECNS and HAO: Comparing the Two Small-Cap China ETFs

China Play Stocks submits:

In the China small-cap ETF space, there are two main options: the Guggenheim China Small Cap ETF (HAO) and the iShares MSCI China Small Cap Index Fund ETF (ECNS). Let us start with a quick comparison of the basics:

ETF

Expense Ratio

AUM (USD)

Number of Holdings

Coverage universe

HAO

0.7%

$376.9MM

201

H-shares, N-shares, ADRs

ECNS

0.65%

$23.9MM

313

H-shares, B-shares and Red-chips

The main difference between the two ETFs is the universe of stocks they each cover. B-shares are listed on the mainland exchanges (Shanghai and Shenzhen) and available to foreign investors. H-shares companies, incorporated in the mainland, are listed on the Hong Kong stock exchange. Red-chips are government-owned mainland companies, incorporated outside of the mainland, that are listed in Hong Kong. N-shares are Chinese companies listed in New York. ADRs are American Depository Receipts of Chinese (and other foreign) companies that trade in the U.S. exchanges, including


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