According to the BlackRock, the iShares MSCI China Index Fund is designed to track the MSCI China index and the ETF is designed to measure the performance of the top 85% of equity securities by market capitalization in the Chinese equity markets.
Noel Archard, head of US Product at iShares at BlackRock said that the fund further complements the single country product suite, which has seen significant activity over the past few months as investors increasingly look to single country funds to express nuanced views on global markets.
iShares global chief investment strategist at BlackRock Russ Koesterich said that China is projected to continue to offer attractive investment opportunities as it transitions from an export- to consumption-based economy.
China continues to be one of the fastest growing economies in the world with an estimated growth of 10.3% in 2010. Investors can combine MCHI with the iShares MSCI China Small Cap Index Fund, which began trading in September 2010, to create comprehensive MSCI China exposure, Koesterich added.
