Meanwhile, investors are coming back to the China fund FXI amid a recent bounce after dreadful performance through most of 2012.
Since the end of August, FXI has rallied 14%. Still, the China ETF is down about 10% year to date.
Chinese stocks have been punished on concerns the world’s second-largest economy and key driver of global growth is facing a hard landing.
“China’s growth is still robust and is enviable when compared to the U.S. and Europe,” TheStreet’s Chief Investment Officer Stephanie Link tells Trader Planet. “Inflation has come down from very high levels and is poised to settle down as China contemplates more stimulus via bank rate reductions.”
ETF investors who want to take a more diversified approach to BRICs can consider iShares MSCI BRIC Index Fund ETF (NYSEArca: BKF), Guggenheim BRIC ETF (NYSEArca: EEB) and SPDR S&P BRIC 40 ETF (NYSEArca: BIK).
iShares FTSE China 25
