Summary
Invest in future market leaders China is currently one of the highest growth markets in the world. Average economic growth of nine percent is expected for the next few years; by 2015, China may be the world’s strongest economic power. China is not only of interest to foreign companies as the “factory of the world” with favorable production conditions, it now has an extensive and spend-happy middle class with a lot to catch up on in terms of goods and services. During the last 20 years, China has transformed itself from a planned economy to one of the largest and most dynamic economies in the world. Numerous exports from China now constitute key components in global value chains. Technical progress in China races ahead. This is boosting corporate efficiency, and these efficiently managed companies are positioning themselves increasingly better on the global market. In terms of economic output, China is already close behind Germany. The development of the Chinese automotive industry’s production capacities has been just as impressive, and China Mobile is one of the world’s largest mobile phone operators. The DAXglobal® China Index tracks up to 40 of the largest companies in China by market capitalization, thus offering attractive, tradable access to this interesting growth market.
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Details
Top 10 Components
| BYD 'H' | CN |
| ALIBABA GROUP ADR | CN |
| CHINA CONSTRUCTION BANK CORP H | CN |
| PING AN INSUR GP CO. OF CN 'H' | CN |
| New Oriental Educ & Tech ADR | CN |
| ICBC H | CN |
| PetroChina Co Ltd 'H' | CN |
| China Merchants Bank Co Ltd'H' | CN |
| BANK OF CHINA 'H' | CN |
| Lenovo Group Ltd. | CN |