Since March 25, FXI, the largest and most heavily traded China ETF is up 6.5% while GXC is higher by 10.1%, but those ETFs did tumble after soaring into mid-April. In March, Demark said, “We are identifying a low-risk entry zone just beneath today’s low of the Shanghai Composite which should be a bottom prior to the resumption of the advance.”
FXI and GXC have $5.8 billion and $867.8 million in assets under management, respectively.
SPDR S&P China ETF
ETF Trends editorial team contributed to this post.