China is a growing country that everyone seems to be watching and the exchange traded fund, iShares FTSE/Xinhua China 25 Index Fund (FXI), has a one year return of 40%. FXI focuses on the largest companies in China and Hong Kong that have been powering the Chinese market, reports TheStreet.com. The ETF is diversified across telecommunication, oil & gas and financial sectors. The upcoming IPO of the largest bank, Industrial and Commercial Bank of China, should boost financial stocks. Top holdings include China Mobil of Hong Kong, China Life Insurance Co., and PetroChina.
For full disclosure, FXI is held in some of Tom Lydon’s client portfolios.
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