HONG KONG ETFS CONTINUE UPTREND-

http://seekingalpha.com/article/1141391-hong-kong-etfs-continue-uptrend?source=google_news

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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