Global X China Industrials ETF Plays Catch Up: Technician

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Market technician David Chojnacki published an article Thursday for Street One Financial highlighting the Global X China Industrials ETF (NYSEArca: CHII).

The article notes CHII grants exposure to the industrials sector in China, investing in equities that are either domiciled in China or derive most of their business from China.

When compared to iShares FTSE China 25 Index ETF (NYSEArca: FXI), which is often used as a proxy for overall equity returns in China, CHII has lagged year to date, up 2.3% versus FXI returning 6.9%. Perhaps the sector may narrow the lag in performance in coming months, Street One Financial notes.

Global X China Industrials ETF

Gregory A. Clay contributed to this article.