The exchange-traded fund (ETF) offers offering investors the opportunity to invest in the burgeoning Chinese real estate market, the company said.
The ETF is based off the AlphaShares China Real Estate Index, designed to measure and monitor the performance of the investable universe of publicly-traded companies and REITs that derive the majority of their revenues from real estate development, management and/or ownership of property in mainland China or the Special Administrative Regions of China such as Hong Kong and Macau. The Index was created by AlphaShares, Inc. and is maintained by Standard & Poor’s, which serves as the Index Administrator.
“At a time when the U.S. real estate market is in the doldrums, China’s economy is soaring,’ says Christian Magoon, Senior Managing Director and Head of the ETF Group for Claymore Securities. “China’s economic expansion has resulted in a construction boom and a sharp increase in real estate values there. The Claymore ETF enables investors to tap into this growth.’