BlackRock unveiled the iShares MSCI China Index Fund (MCHI) late last week. 

The fund’s underlying index tracks the top 85% of equity securities by market capitalization in the Chinese equity markets. Stocks within the index are weighted based by their market capitalization or size.

 

As of the end of February, the largest sector weightings of the China-focused index ETF include financials (37.0%), energy (18.4%) and telecom (11.4%).

 

Some of the ETFs major holdings are China Mobile, PetroChina and Bank of China. 

 

MCHI charges annual expenses of 0.61%, according to the prospectus.

 

ETF giant iShares now offers 40 international single country ETFs.