Awareness about Exchange Traded Funds in India is on the rise. And ETF's are adding more value to indian investors.
Many of us would be aware of the following popular ETFs:
GoldBees : Gold Exchange Traded Fund : Investing in Gold: 1 Share = 1 gram of physical gold
NiftyBees: Nifty ETF : Investing in Nifty Index : 1 Share = 1/10th of Nifty index
NiftyJrBees: Investing in Nifty Junior stocks : 1 Share = 1/10th of Nifty Jr Index
One more ETF that can really make a huge difference is :HangSNGBees : Investing in Chinese stock index Hang Seng. HangSNGBees is India's first International ETF. This is a real diversification to portfolio.
1 Share of Hang Seng Bees = 1/100th of Hang Seng Index converted in Indian Rupee.
For eg: as on 18-Mar-2010, Hangseng index trades @ 21450.
1 Yuan (chinese currency) = Rs.6.67 INR
Hence converting 21450 to INR would give you = 21450*6.67 = 1430715.
1/100th of this coverted value is the unit price of HangSNGBees = Rs.1430.
To sum up, if you buy 100 shares(units) of Hang Seng Bees it would be equal to 1 share of Hang Seng Index.
A FAQ in this regard is also attached for your kind index.
Hope you find these info useful in exploring the Chinese Market.
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