(Bloomberg) -- S&P Dow Jones Indices is starting an exchange-traded fund that will allow traders in China to invest in the Standard & Poor’s 500 Index, the benchmark gauge for U.S. equities.

The ETF, created with Shenzhen-based Bosera Asset Management Co., would be the first linked to the S&P 500 that trades in China, S&P said in a statement today. The Shanghai Composite Index has lost 3.4 percent this year, while the S&P 500 has rallied 26 percent, putting it on track for the biggest annual gain since 2003.

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