It look like Van Eck isn't the only fund shop that has a taste for dim sum. Invesco PowerShares Capital Management LLC[see profile], has unveiled the PowerShares Chinese Yuan Dim Sum Bond Portfolio.

The fund will provide access to Chinese yuan-denominated "Dim Sum" bonds issued and settled outside mainland China. DSUM will have an expense ratio of 45 basis points.

"The Dim Sum bond market offers attractive coupons, and the ability to participate in the appreciation potential of the yuan over time," stated Ben Fulton, Invesco PowerShares managing director of global ETFs. "We believe the PowerShares Chinese Yuan Dim Sum Bond Portfolio provides investors with both convenient, and low cost(1) access to the yuan-denominated debt market."

According to the firm, the Dim Sum bond market was introduced in 2007 when the People's Republic of China-incorporated financial institutions were first allowed to issue yuan-denominated bonds offshore. Since then, the market for Dim Sum bonds has seen significant growth, particularly since its deregulation in July 2010. Dim Sum bonds are generally issued in Hong Kong by governments, agencies, supranationals and corporations.

Invesco PowerShares to List Chinese Yuan Dim Sum Bond ETF

� Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), announced today the PowerShares Chinese Yuan Dim Sum Bond Portfolio (NYSE Arca: DSUM) is expected to begin trading on Sept. 23, 2011. The Fund will provide access to Chinese yuan-denominated "Dim Sum" bonds issued and settled outside mainland China. DSUM will have an expense ratio of 0.45% and is expected to issue monthly distributions.

"The Dim Sum bond market offers attractive coupons, and the ability to participate in the appreciation potential of the yuan over time," said Ben Fulton, Invesco PowerShares managing director of global ETFs. "We believe the PowerShares Chinese Yuan Dim Sum Bond Portfolio provides investors with both convenient, and low cost(1) access to the yuan-denominated debt market."

The Dim Sum bond market was introduced in 2007 when the People's Republic of China-incorporated financial institutions were first allowed to issue yuan-denominated bonds offshore. Since then, the market for Dim Sum bonds has seen significant growth, particularly since its deregulation in July 2010. Dim Sum bonds are generally issued in Hong Kong by governments, agencies, supranationals and corporations.

The PowerShares Chinese Yuan Dim Sum Bond Portfolio is based on the Citigroup Dim Sum (Offshore CNY) Bond Index. The Fund will normally invest at least 90% of its total assets in Chinese yuan-denominated bonds that comprise the Index. The Index measures the performance of Chinese yuan-denominated "Dim Sum" bonds that are issued and settled outside of Mainland China. The Index includes fixed-rate securities issued by governments, agencies, supranationals and corporations that have a minimum maturity of one year and a minimum size outstanding of 1 billion yuan. The index is managed by Citigroup Index LLC and is reconstituted on a monthly basis.

Invesco PowerShares Capital Management LLC is Leading the Intelligent ETF Revolution� through its family of more than 140 domestic and international exchange-traded funds, which seek to outperform traditional benchmark indexes while providing advisors and investors access to an innovative array of focused investment opportunities. With franchise assets over $57 billion as of June 30, 2011, PowerShares ETFs trade on both U.S. stock exchanges. For more information, please visit us at invescopowershares.com or follow us on Twitter @PowerShares.

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