NEW YORK ( TheStreet) -- There has been an onslaught of China-focused exchange traded funds, mostly from GlobalX and one from Claymore. GlobalX China Industrials ETF (CHII) makes the best first impression.
GlobalX Industrials looks like an infrastructure fund, with construction and engineering comprising 27% of the ETF and transportation 22%. Industrial equipment accounts for 26%, and building materials, mostly cement companies, takes 20%.
The China ETF's holdings let you follow the building process, from raw materials (cement) to producers (construction firms) to end users (China Railway Group, Beijing Capital International Airport). The methodology limits any single stock's weighting to 4.75% of the ETF.
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