Chinese companies are defaulting on their debts at an 'unprecedented' level - CNBC

The investment seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI China Financials 10/50 Index. The fund invests at least 80% of its total assets in the securities of the underlying index and in ADRs and GDRs based on the securities in the underlying index. The underlying index tracks the performance of companies in the MSCI China Index (the "parent index") that are classified in the financials sector, as defined by the index provider. The fund is non-diversified.