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Wednesday, October 09, 2013|
PowerShares Tries to Invest in Hard-to-Reach Chinese Stocks
Invesco's PowerShares is looking to break into China's A-Shares domestic market, a venu that has been largely inaccessible to foreign investors so far, according to Barron's. Brendan Conway writes that the firm plans to launch the PowerShares China A-Share Portfolio (CHNA), which won't own these stocks immediately, because the Chinese government keeps tight tabs on foreign ownership of these stocks. However, the firm is working on getting permission now, according to Conway.
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