ETF Tracks China’s Communist Progress

China is gaining more and more of the trappings of capitalism with each passing year, but the center of the country’s economic establishment is still a Marxist influenced, centrally planned oligarchy. The country’s production is guided, as the Soviet Union was before it, by the tight restrictions of five year plans. In order to demonstrate the flexibility of the capitalist system, a new ETF seeks to use the success of those plans as its underlying index.

According to Lisa Barr over at Indexuniverse.com, Kraneshares, a China-focused ETF company is launching the CSI China Five Year Plan ETF which...