March 16, 2010 (Chinavestor) While Chinese indices traded sideways in Asia earlier the morning, the DJIA is in positive territory on Tuesday at noon. Let's take a look at the top ten holdings of three different Chinese related ETFs.
PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) is an ETF that is designed to follow U.S.listed companies that derive most of their revenues from China. The monitor below tracks the performance of the top ten holdings of the ETF.Sinopec (NYSE:SNP) is the best performing component of the group with a 1.0% advance so far today. Shares of the company advanced in Hong Kong and in Shanghai today foretelling a positive market day for the company on the NYSE today. Shares of China Life Insurance (NYSE:LFC) advanced +0.7& so far followed by China Mobile (NYSE:CHL) and Aluminum Corp. of China (NYSE:ACH).
Claymore/AlphaShares China Small Cap ETF (NYSE:HAO) is an ETF that tracks smaller cap Chinese companies. Based on the performance of the top ten holdings of the ETF, only three components are in the black while most are in the red. Suntech Power (NYSE:STP) is the best performing component with a +0.9% advance so far. Another U.S. listed component of the ETF, Sohu.com (NASDAQ:SOHU), gave up -2.0% by noon today.