China’s FXI Shines Above $200 A Share, Up Over 80% in 2007
Posted by Blain Reinkensmeyer
October 15, 2007 at 3:30 pm
All investors should know China has been hotter then hot. If you didn’t then I am happy to be the first to tell you the news.
The way to look at China as a whole is to look at the Exchange Traded Fund, which trades under symbol FXI. FXI under wall street jargon known as the Ishares Ftse/xinhua China, and what it does is tracks the price and yeild of the China 25 Index.
FXI as an ETF is up over 80% thus far in 2007, and last Friday it closed above $200 a share for the first time.
The Top 3 Holdings in the ETF are:
- China Mobil, symbol CHL
- China Life Insurance, symbol LFC
- PetroChina, symbol PTR
The top 10 holdings make up some 60% of the fund itself, so a good way to monitor the funds performance besides watching the fund itself is to keep an eye on the above three listed stocks and perhaps find its other top holdings to monitor.
If you take a quick gander at the chart below you can see the fund has had a great run here in 2007. If you have never seen a stock chart before check out my post on Stock Charts, Understanding the Basics.
As long as the fund leaders continue to perform well the fund as a whole will perform well. Are you invested in China?
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Out of curiosity, what are some Indian ETF’s returns during that same period?
I am not invested in china but i guess i should of been
I hold some some Chinese stock which have outperformed the rest of my portfolio by a large margin. Go China!
I also missed the whole China run.