IShares Inc MSCI Hong Kong Index FD (Tick: EWH)

Purchased a 5% share in IShares Inc MSCI Hong Kong Index FD (Tick: EWH) at $18.85.

EWH seeks to provide investment results that correspond generally to the price and yield performance of publicly traded securities in the Hong Kong market, as measured by the MSCI Hong Kong index. The fund normally invests at least 90% of assets in the securities of the underlying index and in ADRs based on the securities in the underlying index. It uses a representative sampling strategy to try to track the index. The index consists of stocks traded primarily on the Stock Exchange of Hong Kong Limited. It is non-diversified. Expense ratio of 0.55%.

Entered this position to increase exposure to China for economic growth potential, and to move more money out of the dollar.

Investment theme can be summed up very simply right now: commodities, U.S. exporters and foreign economies. Eventually I'll drill down into more fundamentals on a company basis, but with the aggressive monetary policies around the world it suggests macro trends continue to drive the bus. The biggest question is when do the wheels on the bus start to fall off?

A couple upcoming books that I believe highlight growing investor sentiment going into 2011:
(1) Inflated: How Money and Debt Built the American Dream
(2) When Money Dies: The Nightmare of Deficit Spending, Devaluation, and Hyperinflation in Weimar Germany