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Where can you invest in Stock Market Indicie Funds

  • 15-01-2007 1:48am
    #1
    nikolaitr
    Closed Accounts Posts: 232 ✭✭


    Hey,

    I'm fairly new to investing but I have a read alot on it. Where can I buy funds which are based on the overall value of a stock markt. I am particularily interested in funds of Indian and Chinese stock markets.

    Thanks


Comments

  • #2
    hmmm
    Registered Users, Registered Users 2 Posts: 11,205 ✭✭✭✭hmmm


    In Ireland I know of 3 ways (there are probably more)
    1. Quinn's investment products seem to be index trackers
    2. ETFs (some, not all)
    3. Some of the American providers do service EU customers e.g. Vanguard, but you need 100k to say hello.

    Chinese shares are easy enough to track. Essentially there are 3 markets for Chinese shares - Chinese companies listed in the US (best quality companies), Chinese companies listed in Hong Kong (second best) and those listed in Shanghai (worst). Foreigners are not allowed to invest in Shanghai companies. The Xinhua index that iShares and I think Quinn tracks is Hong Kong listed Chinese companies.

    India is more difficult because of restrictions on foreigners owning shares. iShares have launched an ETN (note rather than fund) tracking the Indian index, I haven't a clue how that operates or whether it is any good. One way to get India exposure is to invest in Indian companies listed overseas e.g. Tata motors, Wipro etc.


  • #3
    Blackjack
    Registered Users, Registered Users 2 Posts: 3,628 ✭✭✭Blackjack


    As Hmmm says, you can use ETF's. Have a google for ISHARES to see what it comes up with.

    Theres also the Shenzhen exchange in China, but as Hmmm says, foreign individuals are not allowed to invest directly in India or China, only Qualified Foreign Investors are (Mutual funds, Insurance, Pensions etc), so the only way you can invest is to do so by indirect investment in Mutual funds or ETF.

    There may be some ADR or GDR issues but they would only be for a limited number of companies.


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