This article has a nice description of the three ETFs that focus on Chinese stocks.
FXI — FTSE/XINHUA China 25 Index: This market-cap based index consists of 25 companies representing the largest 25 Chinese companies comprising H Shares and Red Chips, ranked by total market capitalization. Index constituents are capped at 10% of the total index.
PGJ — Halter USX China Index: This modified market-cap Index consists of 103 companies whose common stock is publicly traded in the United States and the majority of whose business is conducted within the People’s Republic of China. The market-cap modification uses a formula that fundamentally prevents the largest market-cap companies from becoming too large a component of the index.
GXC — S&P Citigroup BMI China Index: This market-cap weighted index consists of 342 companies which are publicly traded and domiciled in China, but legally available to foreign investors.
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