Claymore unveils China ETF

The fund posted trading volumes of over 1.3m shares on its first day of trading yesterday, representing a record first-day volume for any US-listed ETF launched this year according to Claymore. The ETF replicates the AlphaShares China All Cap index, which measures the performance of publicly traded companies based in mainland China. The companies constituting the index must initially have a float-adjusted market capitalisation of $500m. At the end of September, the index had around 57% in large cap companies, 33% in mid caps and 10% in small caps. The latest launch is Claymore's th...