PowerShares Launches “Dim Sum” China Bond ETF

A day after Guggenheim rolled out ever the first U.S.-listed ETF offering exposure to Chinese bonds, PowerShares followed with a similar product of its own. The recently launched Chinese Yuan Dim Sum Bond Portfolio (DSUM) will replicate an index comprised of corporate and government debt obligations denominated in the Chinese currency. The fund, linked to the Citigroup Dim Sum (Offshore CNY) Bond Index, will invest in the “Dim Sum” bond market, which consists of debt securities listed in Hong Kong. The fund recently had an effective duration of about 3.1 years and a weighted average coupon of about 3.1%. DSUM will charge an expense ratio of 0.45%, at the low end of the range within the Emerging Markets Bonds ETFdb Category. Tapping Into China’s Bond Market As interest in achieving access to China has surged in recent years, investors have gradually beefed up equity exposure to the world’s second largest [...] Click here to read the original article on ETFdb.com. Related Posts: ETF Insider: Bears On Parade First China Bond ETF Debuts: RMB Taps “Dim Sum” Market One Year Later: EMLC Comes Through For Yield Hungry Investors International Bond ETFs: Cruising Through All The Options Talking Actively-Managed ETFs With Tom Graves Of S&P