HONG KONG ETFS CONTINUE UPTREND-
The Hong Kong stock market has been rallying, continuing an uptrend that finished off 2012 strong. The iShares MSCI Hong Kong Index (EWH) is an exchange traded fund that exposes a portfolio to this market, and provides exposure to banks, utilities and property companies.
"This fund tracks the MSCI Hong Kong Index, which is different from the often-cited Hang Seng Index. The Hang Seng Index, which includes the largest and most liquid stocks on the Main Board of the Stock Exchange of Hong Kong, has about a 50% weighting in Hong Kong companies (which includes global banking giant HSBC Holdings PLC HBC), and a 50% weighting in Mainland Chinese companies (which includes Red Chips and H-Shares). The MSCI Hong Kong Index only includes Hong Kong-based companies, and does not include HSBC, which is headquartered in London," Patricia Oey wrote for a Morningstar analyst report.
Hong Kong's economy has been in recovery mode ever since the recession that hit in the second half of 2011. 2012 was a knockout year for the Hang Seng Index, as it returned about 20% by the end of December.
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