On the agenda was establishing cross-strait flights and allowing more Chinese tourists into Taiwan. Lisa Chow for Marketplace reports that currently, travelers heading to Taiwan from China have to stop in Hong Kong – a huge nuisance for business travelers.
If China and Taiwan can continue moving forward in their relationship, both economies could benefit. In turn, their related ETFs could reap the rewards as well.
The iShares MSCI Taiwan Index (EWT) is up 8.3% year-to-date. China’s ETFs could use the lift, as they’ve fallen off from their 2007 performance. They’ve rebounded somewhat so far this year, however.
- SPDR S&P China (GXC), down 14.5% year-to-date
- iShares FTSE/Xinhua China 25 (FXI), down 11.9% year-to-date
- NETS Hang Seng China Enterprises Index Fund (SNO), launched on May 22
