Global X China Financials ETF (NYSEArca: CHIX)
YTD: -6%
Comment: Prior to Friday’s 3% gain on above average volume, CHIX was saddled with a much steeper year-to-date loss, one caused primarily by escalating fears regarding China’s shadow banking and an increasing number of headlines pertaining to corporate defaults in the world’s second-largest economy. No one can guarantee those concerns have been shelved for any lengthy amount of time, but CHIX did gain 6.1% last week.